Page 5 - Thermal Coal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Glencore's deal to buy Teck Resources' steelmaking coal unit shows how cheap fossil fuels can be a lucrative option for companies - for a decade or two at least - even as they are phased out in favour of renewable energy. Western companies may be loathe to search for new sources of coal or build new mines, but investors say coal still has a powerful role to play in the coming years since it can be used to feed the needs of the global shift to cleaner energy. Coking coal is emerging as a top option for companies to make a foray into, as it is used to make steel, an important component in large infrastructure and renewable projects.

New yorkUnited statesSouth africaCity ofUnited kingdomDeepa babingtonPratima desaiIan woodleyPeter letkoDivya rajagopalLetko brosseauGary nagleVeronica brownClara deninaInternational energy agencyTeck resource