Glencore’s Teck takeover saga shows coal is just too hot to handle NICHOLAS EARL Glencore's struggles to win over Teck's shareholders suggest that coal might be too hot for climate-focused investors to accept.
National Grid ‘stands down’ plan to fire up coal units amid cold snap COAL OR NO COAL National Grid has turned to coal in a bid to stave off fears of supply shortages this evening amid escalating fears of blackouts.
Drax’s profits surge as high energy prices bolster power plant operator’s earnings Drax Power plant operator Drax Group today said its pre-tax profits for the first half of 2022 were almost four times higher than its pre-tax profits for the same period in 2021, after high electricity prices bolstered the Yorkshire firm’s business. The North Yorkshire company – that operates the coal and biomass fired Draw Power Station [...]
Mining giant BHP warns of continuing market volatility into 2023 July 19, 2022 Mining giant BHP has said it expects market volatility caused by inflationary pressures, labour shortages, and supply chain disruption to continue into 2023. In a trading update, the Australian firm said the war in Ukraine and the energy crisis in Europe will offset any positive economic impacts of China’s stimulus policies on global growth, as [...]
Delayed: Ministers postpone decision on first new coal mine in 30 years July 6, 2022 The government has postponed a decision over whether to approve a new coal mine for steel production in Cumbria.
Michael Gove to approve UK’s first new coal mine in 30 years April 23, 2022 Housing secretary Michael Gove is expected to approve the UK’s first new coal mine in three decades. Tory sources told the Telegraph Gove is supporting plans to open a new colliery in Cumbria to help the country cut its reliance on Russian coal. People close to the matter said Gove, who has until 7 July [...]
China’s energy consumption and coal use reaches decade highs February 28, 2022 China has recorded its biggest increase in both total energy consumption and coal use in a decade last year.
Climate-conscious insurers scrap coal exit policy to stay on right side of antitrust rules January 19, 2022 A coalition of climate-conscious insurance companies have reportedly scrapped plans to stop insuring coal miners, to ensure they are not violating antitrust laws. The Net Zero Insurance Alliance, whose founding members include Axa, Allianz, and Aviva, dropped plans for a coal exit, after receiving advice from lawyers that the plans to join forces to prevent [...]
IEA urges India and China to put climate pledges into action as coal power generation reaches record levels December 17, 2021 The International Energy Agency has called on China and India to reduce coal power generation, describing both countries as “holding the key to future coal demand".
Thungela’s shares spike 15 per cent amid rising coal demand and upbeat trading report December 6, 2021 Shareholders in Thungela Resources (Thungela) are set for a hefty windfall as rising coal prices and energy demand strengthen its balance sheet.