WHC

2.16%

$7.09 whitehaven coal limited

Target $4.61, page-4194

First 4194 Last

Share
Profile

Follow
hagetaka

6,239 Posts.

1024

16/11/21

19:42

Post #: 57621520
Share

Originally posted by mow1: ↑

nvestors Are Abandoning Coal Even if Some Countries Aren’tPublished:
Nov. 15, 2021 at 12:22 p.m. ET

Seemingly small word choices mean a lot when it comes to global agreements about climate change. At the latest major climate conference in Glasgow, Scotland, this weekend, the key phrase that most countries wanted to see was a deal to “phase out” coal use. What they got, after interventions by China and India, was a plan to “phase down” coal.On the one hand, it is a landmark deal, because an explicit agreement to reduce coal use had not previously been included in the statements following climate meetings. And more than 20 countries at the conference agreed to stop building or permitting coal plants.
Investors don’t seem to have much hope for coal companies right now, and that in itself is significant. U.S. producer Peabody Energy (ticker: BTU) was down 8% on Monday and rival Arch Resources (ARCH) was down 6.6%. The VanEck Vectors Coal exchange-traded fund (KOL) closed in December, returning its remaining $35 million in assets to shareholders, as interest in the industry tumbled despite strong recent returns. At its height, the ETF had more than $900 million in assets. Without capital to expand, private coal companies are unlikely to grow in the years ahead. But the Glasgow deal also leaves quite a bit to be desired, given that coal is the single largest contributor to climate change. And some governments continue to fund the expansion of coal. If India and China don’t start powering down their coal use, it will be very difficult for the world to limit global warming to 1.5 degrees Celsius.The Glasgow pledges are not binding, but they at least signal an acknowledgment of the issue. If they were completely irrelevant, the final language would not have been so hotly debated.

Expand

Abandon coal because they got woke and went broke. They can't afford coal.

WHC Price at posting: $2.44 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

There are more pages in this discussion • 2,639 more messages in this thread...

First 4194 Last

Add WHC (ASX) to my watchlist

(20min delay)
Last $7.09		Change 0.150(2.16%)		Mkt cap ! $5.931B

Open	High	Low	Value	Volume
$7.00	$7.17	$6.99	$56.08M	7.917M

Buyers (Bids)

No.	Vol.	Price($)
6	137399	$7.08

Sellers (Offers)

Price($)	Vol.	No.
$7.10	9407	2

View Market Depth

No.	Vol.	Price($)
6	137399	7.080
2	48664	7.070
2	31451	7.060
9	65453	7.050
6	10424	7.040

Price($)	Vol.	No.
7.120	198983	9
7.130	3200	1
7.140	17500	3
7.150	12988	6
7.160	1370	2

Last trade - 16.10pm 27/09/2024 (20 minute delay)

WHC (ASX) Chart

Target $4.61, page-4194

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Target $4.61, page-4194

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The winners & losers on market if negative gearing were gone

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News