Trump clings to coal as worldwide demand plummets | Fin24
 
In partnership with
  • Load Shedding Schedules

    Find information for Johannesburg, Durban, Cape Town and other cities.

  • Step-by-Step Guide

    How to register your business as an essential service during the lockdown.

  • Bullion

    Gold is in demand - but with top suppliers in lockdown, who will produce it?

Loading...

Trump clings to coal as worldwide demand plummets

Jun 13 2017 21:04

Washington - President Donald Trump has made reviving the long-struggling US coal mines the bedrock of his administration's energy policy. But new data show market demand for the dirtiest of fossil fuels is plummeting worldwide.

The BP Statistical Review of World Energy released on Tuesday shows global coal production fell by more than 6% last year. That's the largest decline in the history of BP's survey, which the British energy company has issued annually for more than six decades.

It is the second straight year that coal demand has declined. Production at US coal mines fell by 19%. China's coal production fell by nearly 8%.

The numbers reflect the trend of nations shunning coal in favor of cheaper, cleaner ways of producing electricity - chiefly natural gas, wind and solar.

Read Fin24's top stories trending on Twitter:

donald trump
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

Do you support a reduction in the public sector wage bill?

Previous results · Suggest a vote

Loading...