China and India fuel record high coal prices despite falling US and EU usage June 26, 2023 Coal prices climbed to record levels last year driven by rising demand across Asia, according to a new report on global energy trends.
EU countries fail to agree energy reforms after coal subsidy clash June 20, 2023 European Union countries have failed to agree on planned new rules for the bloc's power market, after clashing over coal subsidies.
UK burns coal for first time in 46 days as Brits turn on the air conditioning June 12, 2023 Britain has started burning coal for electricity for the first time in a month and a half as demand for air conditioning spiked.
Court date set for climate activists’ legal challenge over new coal mine May 31, 2023 Climate activists are set for a courtroom showdown with the government over a newly-approved coal mine in West Cumbria.
Glencore’s Teck takeover saga shows coal is just too hot to handle April 24, 2023 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 December 12, 2022 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 July 26, 2022 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 [...]