https://www.msn.com/en-US/news/markets/dirty-ol-coal-is-making-a-comeback-and-consumption-is-expected-to-return-to-2013-s-record-levels/ar-AA10caQR
'Dirty ol' coal' is making a comeback
and consumption is expected to return
to 2013′s record levels
CNBC, by Su-Lin Tan
Posted By: NorthernDog, 8/3/2022 7:47:16 PM
Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues. While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say. Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O'Connor told CNBC's "Squawk Box Asia" on