China boosts coal mining capacity despite climate pledges
China added 194 million tonnes of coal mining capacity in 2018 despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption.
When the worst collapse of commodity prices in nearly two decades finally ends, mining companies left standing probably will have more robots on their side.
Goldman Sachs report is the latest in a long line of grim warnings, all of which point to a future of shuttered power plants, mine closures, and bankruptcies.