Australian miner citied insufficient prospective returns from the expected expenditure.

Purchases of crude, oil products, gas and coal rose to $35 billion since the war in Ukraine began, from about $20 billion a year earlier.

Germany plans to give coal trains priority over passenger services on its rail network as it struggles with an energy crunch that’s threatening the economy.

CenterPoint plans to keep operating the 90-megawatt F.B. Culley 2 unit near the Ohio River until 2025.

Transnet declared force majeure and sought to terminate long-term coal transportation agreements in April.

Floods in the northern Shanxi province, the biggest coal producer, are also leading to mine closures that could impact the wider electricity market.

China’s infrastructure and automotive sectors are “already responding to policy support,” although a rebound in housing activity is expected to take longer, the producer said.

The deal worth $55 million will give Seriti a 51% stake in the wind and solar power business.