Even coal companies are now divesting from coal
What's different now is the pace at which coal companies themselves, many with few other options, are trying to leave coal behind, says Clark Williams-Derry, an energy financial analyst at the Institute of Energy and Financial Analysis. The coal spin-off, Consol Energy, has lost about 90% of its value since 2018. Last year, global mining giant BHP followed the lead of rival Rio Tinto (which split from thermal coal in 2018) and began selling its coal assets.
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