The coal business in Canada produces coal for application in metallurgical and thermal purposes. Some energy suppliers not only utilize coal to generate electricity, but they also own coal plants or are engaged in coal production.
With 6.6 billion tonnes of exploitable coal reserves, coal is without a doubt Canada’s most common fossil fuel. Anthracite, bituminous, sub-bituminous, and lignite coal resources can be found in …
European Coal Prices Remain Significantly Lower Than Those in the Pacific Region
European coal prices remain far lower than their Pacific basin counterparts. Analysts believe this indicates that EU demand is weak in the face of constrained Australian supplies.
Up to this point, the front-month API 2 trade has achieved USD 178/t, vs the Ice Newcastle counterpart of USD 365/t on Ice Futures. This USD 187/t differential corresponds to a USD 68/t median discount the previous year and a USD 18/t median premium in 2021.
The two contracts are largely separated, responding to quite different factors. …
Ontario Is Constructing New Gas Plants
Ontario has announced plans to build new polluting gas power plants to provide electricity for the province. This is absurd, given that Ontario effectively phased out coal-fired electricity units between 2005 and 2017.
Electricity production emissions are expected to increase by more than 400% by 2030. This hike will cancel out around half of the carbon reductions gained by phasing out filthy coal and make meeting …