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Environmental issues cloud market reality

Mining conferences the world over are littered with panels focusing on ESG, but companies must be wary of over-promising on environmental factors in the near term, with demand for carbon-intensive commodities such as coal set to persist.

Environmental issues cloud market reality Environmental issues cloud market reality Environmental issues cloud market reality Environmental issues cloud market reality Environmental issues cloud market reality

“Eight billion tonnes of coal we cannot substitute very quickly, so the coal industry is going to stay with us for a long time,” says Sigurd Mareels of consulting firm McKinsey

While anti-coal sentiment in the West, particularly in Europe, is sky-high - with a number of EU countries aiming to phase out the fossil fuel in power generation during the 2020s - coal demand in