"While China is pulling back from renewables, it’s plunging into coal. According to a BBC report this week, China is boosting its reliance on coal by 25 per cent through construction of hundreds of new coal-fired generating plants. Once completed, its incremental coal capacity will be equivalent to that of the entire U.S. coal fleet. Coal aside, China this year will become the world’s largest importer of natural gas, both via pipeline (up by over 20 per cent) and by ship (up over 50 per cent). It is already the world’s largest importer of coal and oil."
BRL Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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