Comments on: Revealed: Planned Cumbria coal mine ultimately owned in Cayman Islands https://leftfootforward.org/2019/03/revealed-planned-cumbria-coal-mine-ultimately-owned-in-cayman-islands/ Left Foot Forward is the home for UK progressives. We provide evidence-based analysis on British politics, news and policy. Wed, 22 Jun 2022 12:43:22 +0000 hourly 1 https://wordpress.org/?v=6.9.5 By: Left Brain Backward https://leftfootforward.org/2019/03/revealed-planned-cumbria-coal-mine-ultimately-owned-in-cayman-islands/#comment-972867 Tue, 23 Jul 2019 13:01:52 +0000 https://leftfootforward.org/?p=135570#comment-972867 This article and the associated comments are very poorly researched and betray a complete lack of understanding of how businesses, and particularly private equity firms, function.

The ultimate beneficial owners in companies like these are generally retirement funds, safeguarding the long-term livelihoods of public workers (teachers and the like) in places like Oregon, San Francisco and Tennessee (in the case of EMR).

]]> By: Dr Timothy Norris https://leftfootforward.org/2019/03/revealed-planned-cumbria-coal-mine-ultimately-owned-in-cayman-islands/#comment-962085 Wed, 24 Apr 2019 13:12:51 +0000 https://leftfootforward.org/?p=135570#comment-962085 There is a concern that coal will initially be extracted from the Cumbrian coal mines, leaving empty exhausted coal mines, and then radioactive fragments from decommissioning the Calder Hall reactor and the Thorp apparatus at Sellafield will be mixed with cement to provide a composite that will be injected into the exhausted coal mines to fill voids where coal has been extracted. Maybe this is safer than having a lot of highly dangerous radioactive material on the surface at Sellafield. Problem is that such disposal of nuclear waste will be unrectifiable if the cement encapsulation is insufficient and radioactive contamination leaks. The whole of the East coast of Ireland and the West coast of Scotland could be permanently ruined. I hope these nuclear bods know what they are doing ! Previous experience does not build confidence !

]]> By: Raymond Whiteway-Roberts https://leftfootforward.org/2019/03/revealed-planned-cumbria-coal-mine-ultimately-owned-in-cayman-islands/#comment-955273 Tue, 26 Mar 2019 09:08:04 +0000 https://leftfootforward.org/?p=135570#comment-955273 Trump Mentality!

]]> By: NWOG Action https://leftfootforward.org/2019/03/revealed-planned-cumbria-coal-mine-ultimately-owned-in-cayman-islands/#comment-955198 Tue, 26 Mar 2019 00:07:17 +0000 https://leftfootforward.org/?p=135570#comment-955198 Attempted smokescreen from the CEO. EMR manages funds on behalf of investors but there is no fund register accessible to the public to find out if there was one investor or thousands who subscribed. Neither does there seem to have been a prospectus to raise the £14.7m in 2014, just a punt from some Aussies pushing unacceptable UCG developments. Very brave of a company only founded in 2011 to risk c£15m of is own money on such a speculative venture. So brave I don’t think it at all likely, so whose money is it?

]]> By: Patrick Newman https://leftfootforward.org/2019/03/revealed-planned-cumbria-coal-mine-ultimately-owned-in-cayman-islands/#comment-955159 Mon, 25 Mar 2019 16:11:56 +0000 https://leftfootforward.org/?p=135570#comment-955159 That sounds like LFF were threatened with being sued if they did not publish the company line! I could not find any reference to mining or even mining services in the Cayman Islands. I wonder what EMR do there!

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