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Is coal the new gold?

by theadvisertimes.com
11 months ago
in Economy
Reading Time: 2 mins read
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Is coal the new gold?
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From some angles it seems as if thermal coal, the world’s dirtiest fuel, is having a tough year. Prices are down a bit. China, which gobbles up over half the world’s supply, is in economic trouble; a surge in hydropower generation there is squeezing out the fuel. In May G7 members agreed to phase out coal plants, where emissions are not captured, by 2035. Mining stocks are trading at a huge discount.

Chart: The Economist



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