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I don't think Al Gore will like the way you used the term "an...

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mobius76

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25/07/21

14:28

Post #: 54755567
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Originally posted by cbtango: ↑

Good news for coal in 2022, as reported in The Hill (https://tinyurl.com/7ts9dyep) which is based on the recent BP Statistical Review of World Energy (https://tinyurl.com/4jc6kf2s).

A few key takeaways from the article:

- Global coal demand is expected to set a record in 2022
- According to BP, even as the global economy collapsed last year during the pandemic, electricity demand barely wavered.
- China and other Asian countries are relying heavily on coal for power generation.
- Renewables are growing and they are politically popular, but their growth is not keeping pace with the surging demand for power in a world where electricity poverty is rampant.
- The IEA expects that “fossil fuel-based electricity is set to cover 45 percent of additional demand in 2021 and 40 percent in 2022.” It says coal-fired electricity production likely will “ increase by almost 5 percent in 2021 and a further 3 percent in 2022
- Call it an inconvenient truth, but the global economy is fueled by electricity, much of it produced from coal, and that will not change anytime soon.

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I don't think Al Gore will like the way you used the term "an inconvenient truth" the way you did.

Well done.

WHC Price at posting: $2.24 Sentiment: Buy Disclosure: Held
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