Global coal use to hit record high despite climate fight
Global coal-fired power generation is expected to rise 9% and hit an all-time high by the end of 2021, despite efforts to slash carbon emissions, the International Energy Agency said…
Coal
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
TSX rises, Dec. 6-10
The S&P/TSX Composite Index climbed 1.25% or 257.3 points to finish the Dec. 6-10 trading week at 20,890.60 points. The S&P/TSX Global Mining Index rose 1.62% to 98.52 and the…
Global shift to ‘green steel’ will require US$278B investment by 2050: report
The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move…
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Feds, BC government launch climate resilience committee in wake of devastating floods
The federal and B.C. governments have formed a new committee to address climate resilience in British Columbia following the devastating flooding, mudslides, and damage to highways and rail infrastructure in…
Inflation anxiety — what’s in store
The Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top notch roster of guests from the…
Coal phase-out may take longer than countries are willing to admit – report
Thermal coal demand is expected to rise until the mid-2020s despite countries agreeing to phase out coal at the recent United Nations Climate Change Conference, according to a new report…
Flooding disrupts Teck logistics
Canada’s largest diversified miner Teck Resources (TSX: TECK.A; TSX: TECK.B; NYSE: TECK), says the unprecedented rain and flooding in British Columbia has disrupted the supply chain between west coast terminals…
For developing nations, coal transition requires more than just money
Canada’s efforts to help developing nations transition away from coal won’t pay off unless the countries create policies that encourage its industries to make that shift, researchers said. At the…
Anglo American to halve indirect emissions by 2040
Anglo American (LSE: AAL) aims to halve its indirect greenhouse gases, known as Scope 3 emissions, by 2040 while it continues to boost the use of renewable energy across its…
China vows to end funding for overseas coal power plants
China’s president Xi Jinping has pledged to stop backing new coal power plants overseas a move that would cut off a key source of financing for projects involving the dirty…