Coal Power Struggle is a Really Messy Business
Sydney Morning Herald reported that dirty coal producers in Australia may be paid to shut down.
Sydney Morning Herald reported that dirty coal producers in Australia may be paid to shut down.
Platts reported that New South Wales will collect higher coal mining royalties to offset Australia's carbon tax.
Various natural disasters, coupled with continued demand growth from emerging markets, have supported strong prices of both thermal and metallurgical coal markets in 2011, but expect prices to slide in Q4.
Bloomberg reported that a planned carbon tax in Australia may reduce the value of the country's coal industry.
Finding ways to assess and interpret climate impacts on coal companies and markets is increasingly necessary in order for investors to reap the opportunities that come with a changing climate, and not remain passive in the face of change.
U.S. coal companies are looking to diversify. Just a few years ago the industry enjoyed a boom in coal-fired power plant development, but growing concern for global warming and rising construction costs gave natural gas and renewable-energy plants an edge.
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