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10.10.26 - 14:01
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Why This Canadian Community Is Betting on Coal Again (Bloomberg)
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A proposed metallurgical coal mine in Alberta's Crowsnest Pass is reviving an old industry at a time when Canada is looking for new trade relationships beyond the United States. Northback Holdings says Grassy Mountain could supply steelmaking coal to customers in Europe and Asia while bringing jobs and investment back to a community that lost much of its mining economy. But opponents, including musician and activist Corb Lund, warn that the project could threaten water quality and surrounding communities. (Source: Bloomberg)...
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10.10.26 - 01:30
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Wall Street Week | Michigan Manufacturing, AI Debt Investments, Baby Bonds, Canadian Coal Fight (Bloomberg)
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This week, Ford, JPMorgan and the state of Michigan team up to help domestic manufacturers turn new technology into factories and supply chains. And, hyperscalers and data centers are borrowing hundreds of billions of dollars to finance AI infrastructure, transforming the corporate bond market. Plus, can baby bonds actually narrow America's wealth gap? Later, Alberta's Grassy Mountain project has become a test of whether Canada can expand resource exports without reigniting old environmental conflicts. (Source: Bloomberg)...
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07.10.26 - 13:54
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Klima: Dutzende Staaten für Abkehr von Öl, Kohle und Gas (DPA-AFX)
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NADI (dpa-AFX) - Vier Wochen vor der Weltklimakonferenz in der Türkei haben Dutzende Staaten bei einem Vorbereitungstreffen im Südpazifik mehr Ehrgeiz im Kampf gegen die Erderhitzung gefordert - insbesondere die schrittweise Abkehr von Kohle, Öl und Gas. ......
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05.10.26 - 14:24
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Europe′s Soaring Gas Bill Is Sending Utilities Back To Coal (ZeroHedge)
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Europe's Soaring Gas Bill Is Sending Utilities Back To Coal
Authored by Haley Zaremba via OilPrice.com,
Europe's energy crisis isn't over. Gas prices remain punishingly high across the continent as Europeans stare down the barrel of a long winter.
In response to back-to-back-to-back energy crises stemming from Europe's continued reliance on imported liquefied natural gas against the backdrop of ongoing global geopolitical volatility, Europe's leaders are pushing to diversify the bloc's energy mix. While this means that Europe is rapidly expanding its renewable energy capacity, it also marks a significant return to the world's dirtiest fossil fuel - coal.
Earlier this year, when the United States and Israel began an offensive in Iran and thereby instigated the disruption of one-fifth of the world's oil and gas trades, Europe awakened to realize that it had sleepwalked into yet another energy crisis - its third in just four years. "We swore we'd learn. We promised things would cha...
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30.09.26 - 14:30
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UK banks are Europe′s biggest coal financiers, report finds (The Guardian)
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Study says UK-based banks provided $8.3bn in coal financing in four years, with Barclays and HSBC leading riseUK banks are Europe's biggest financial backers of the global coal industry, providing billions of pounds in funding for the climate-wrecking fossil fuel in the past four years, according to a report.The study found UK-based banks had provided $8.3bn (£6.2bn) in coal financing since Cop26 in Glasgow in 2021, when global leaders pledged to “phase down” coal use. This compared with $4.9bn from German banks and $3.4bn from French banks over the same period. Continue reading......
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