Coal's Dirty Comeback: A War Driven Anomaly in a Fading Industry The recent surge in coal profits serves as a stark reminder that economic interests can temporarily override environmental concerns, even in the face of existential threats like climate change.
The war between the US and Iran has created an energy crisis, leading to increased coal consumption, particularly in Asia.
The closure of the Strait of Hormuz has had far reaching consequences for global energy markets. Oil prices have skyrocketed, prompting countries to seek alternatives to maintain power generation.