"Things You Wouldn't Know If We Didn't Blog Intermittently."
the insurance companies are getting out:https://www.courant.com/business/hc-biz-the-hartford-climate-20200102-uluw33fvufgajhpzh6qgjm4zvi-story.html The Hartford cites climate change as it limits insurance coverage of businesses with stake in coal and tar sandsI-)
Well, you have to look outside the 1st world.China and India are only beginning their downward trend in coal consumption, and even those trends haven't solidified entirely yet. China in particular has a nasty habit of underreporting coal production and consumption. Other developing countries are far less along the road to modern energy infrastructure, and coal remains the most economical solution for them when it comes to keeping the lights on.Coal is certainly on a downward trend, but there is a very robust case for exporting coal that will likely keep extraction going for the next two or three decades.
But clean coal!!
Of course coal has a future: without coal no steel. Also coal is a much cheaper way to make electricity so developping countries won't shy from it. Rather developpement now than nature tomorrow.From an investing perspective this coal shunning makes coal plants valuable in the future because they are money starved these days, no new supply coming online for a long time.The climate change debate is unscientific. They push it upon us in an unscientific manner. What do you think about the arguments in this thoughtful article: https://lt3000.blogspot.com/2019/11/contrarianism-esg-investing-coal-and.html
The coal industry itself disagrees with your opinion. Case in point:https://www.usatoday.com/story/news/nation-now/2017/04/08/even-kentucky-coal-museum-going-solar/100205662/