RE: The beginning of the end for fossil fuels, finally!4 Nov 2021 17:10
It maybe the beginning of the end for coal, but it will take decades to transition away, especially in the far East and developing countries.
The lack of investment WILL create a squeeze. Basic supply and demand. However we are talking here about the two types used.
Thermal for burning....power stations etc.
These are still being built in places like India.
And coking / metallurgical coal essential in steel production and is vital in the infrastructure and green transition until a cost effective and efficient substitute can be found.
The world really should have started tackling this 10 years ago !!!
Does anyone here know when the next trading statement is due ? I did hear a rumour of around the 10th of this month ?