US government to auction 600 million tonnes of coal: Who will buy? Climate concerns loom
US authorities are auctioning 600 million tonnes of coal from federal lands, expedited by a Trump executive order, despite many power stations planning to cease coal use within a decade. While the administration cites rising electricity demand, declining market forecasts and low valuations from key buyers like NTEC raise questions about the actual demand for this coal.🕒 1 min read
US authorities are auctioning 600 million tonnes of coal from federal lands, expedited by a Trump executive order, despite many power stations planning to cease coal use within a decade. While the administration cites rising electricity demand, declining market forecasts and low valuations from key buyers like NTEC raise questions about the actual demand for this coal.
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