11.10.2012   16:30

Global ­coalification

The idea that coal is dying seems to be mostly wishful thinking on the part of green activists, as well as some politicians and regulators… Aldyen Donnely, president of WDA Consulting Inc. in Vancouver, says there is no way the big coal powers are going to get out of coal, not even the United States, which holds 27.6% of the world’s proven coal reserves. Russia holds 18.2% and China 13.3%. “Those nations will keep coal in their core energy mixes as a national security consideration, if nothing else.” The conclusion is this on coal: Far from coming to an end or a peak, global coalification seems to be well underway.


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