News Digest Item
11 Jul 2018

Greens want new rules on coal mining’s long-term liabilities

dpa

Coal mining companies’ financial guarantees to remediate long-term damage from extracting the fossil fuel must be better secured, Green Party head Annalena Baerbock told news agency dpa. “Until now, the level of provisions has been based on calculations by coal companies. However, it’s been clear for a long time that these are much too low and not insolvency-proof,” Baerbock said. She added that the state should ensure parent companies are held accountable if subsidiaries face insolvency.

Find the article in German here.

For background, read the CLEW factsheet Coal in Germany and Germany’s coal exit commission.

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