Yet, if the series of unforeseen (and frankly, unfortunate) events in the past few years is anything to go by, demand for coal does not seem to be subsiding anytime soon. If anything, coal — typically seen as a more affordable source of energy — may be sought after again after the closure of the Strait of Hormuz led to oil price surges. About 20% of the world’s oil and liquefied natural gas (LNG) transits through the Strait of Hormuz.
Previously shunned by the ESG crowd, Charles Antonny Melati is pushing ahead to grow its coal-mining business
For decades, the coal industry was seen to be in decline as governments and companies looked to pivot to cleaner energy sources.
