Coal’s here to stay, says BHP chief Andrew Mackenzie by: ANNABEL HEPWORTH |From: The Australian |March 05, 2014 2:35AM Increase Text Size Decrease Text Size PrintEmail Share Add to DiggAdd to del.icio.usAdd to FacebookAdd to KwoffAdd to MyspaceAdd to NewsvineWhat are these? Save for laterMORE than 70 per cent of the world’s energy will still be supplied by fossil fuels in 2030 and a US-style shale gas revolution is unlikely to “go global” quickly to replace coal, BHP Billiton chief executive Andrew Mackenzie has declared.
The head of the world’s largest diversified miner says the fastest-growing Asian economies have easier access to large coal reserves than they have to cheap gas, and that coal will remain the region’s primary source of affordable energy.
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