Coal revival threatens to push power sector emissions to record

Floods have closed 60 of the 682 coal mines in Shanxi province, which has produced 30% of China’s supply of the fuel this year.

Zurich-based Credit Suisse had previously disclosed some $2.3 billion worth of loans exposed to financial and litigation uncertainties within Greensill-linked supply chain finance funds, with some $1.2 billion of its assets related to GFG.

Less than 5% of the firms on the Global Coal Exit List have announced a coal exit date, according to a report.

Country aims to cut coal's share of the energy mix to less than 60% by 2030 from around 75% now.

Coalspur Mines' Vista expansion in Alberta close enough to the 50% benchmark, Canada's minister of environment and climate change says.

Environment Minister Sussan Ley approved the extension for Glencore's Mangoola thermal coal mine in New South Wales.

Accidents will no longer result in the shutdown of nearby mines for safety inspections.

The federal government-controlled miner has already announced plans to invest in solar wafer manufacturing and power generation.

Coal prices soared to their highest on record as China accelerated a global struggle for resources that has brought the dirtiest fossil fuel roaring back.