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THREAD🧵🚨 #ableg

If you look at the companies with coal leases in AB you'll notice they're VERY small companies that only exist for a specific project (Ex. Montem, Ram River, Atrum) or they're a subsidiary of a mining major. (Benga)

We should all be concerned about this... 1/n
For instance...
Montem: 0.23 cents per share, market cap $46M, Sept 2020 IPO

Atrum $0.26 cents per share $150M market cap

Benga, limited subsidiary of Riversdale resources, which is a subsidiary of the mining giant Hancock Prospecting (still with me?) 2/n
Companies like Montem and Atrum with market caps in the 10s or 100s of millions don't have a chance at being able to pay cleanup costs unless the project is a screaming success.

For comparison, Teck Coal has a market cap of 12.59 BILLION.

Who's on the hook then? Albertans. 3/n
Read 14 tweets
I just urged @POTUS and @USSenate to include the Everglades Reservoir in the Water Bill. Join me by visiting p2a.co/UHG9bHu
#FundEvergladesRestoration
@marcorubio
@SenMajLdr
@SpeakerRyan
FACT: We are killing our planet. Sea life is dying. People are becoming ill. If we don’t get it together now, it will be too late.
Read 5 tweets

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