Rio Tinto and Glencore spoke for months about deal that was once taboo
The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.
A new study backed by major labour unions concluded that clean coal technologies can help usher in a US economic boon, boost the nation’s energy security and successfully manage carbon dioxide emissions. The study, Employment and Other Economic Benefits from Advanced Coal Electric Generation with Carbon Capture and Storage Technologies, found that building up to 100 GW of new coal-fuelled generation would create nearly 49,000 new jobs, generate more than $45 billion in direct economic benefits and produce more than $100 billion in direct and implied benefits, given multiplier effects. (more…)
