
“Utilities in the U.S. are scrambling for coal, on pace to increase imports 26 percent this year. Russia, the world’s third-largest exporter of the fuel, will boost shipments 3.9 percent to 106 million metric tons this year, IHS Energy forecasts, part of President Vladimir Putin’s plan to expand Russia’s role in the global coal market. The Russian fuel appeals to power producers because it emits less sulfur than other coals, making it easier to comply with environmental rules, and has a high heat content, meaning it can produce more power per measure of fuel, Stevenson said. In 2012, Putin pledged to spend $120 billion to expand Russia’s coal mining capacity and boost exports through 2030.”
Related posts:
Biden urges end to hacking, human rights abuses by China
Why your boss wants you to see online doctors
IRS Moves To Revoke Passports For Unpaid Taxes
Taxpatriate? Tax dodgers welcome to leave, not welcome to return
Iran currency crisis sparks Tehran street clashes
Jeff Berwick on Bloomberg TV: Galt's Gulch Chile and Bitcoin
Iran blocks access to Gmail
The War On Terror Has Cost Taxpayers $1.7 Trillion
ObamaCare Dropping Full-Timers at Schools, Local Governments
U.S. lets South Korea expand missile range to cover North
Interpol issues global security alert after prison breaks
Pot vaporizer boom leads to secret stoners
UK house prices in June reach new record high
Denver unemployment sharply lower after marijuana legalization
Romney tells public of secret meeting with MI6 spy chief