Sunday, 13 March 2011

China's Coal Reserves 'Will Make it New Middle East', Says Energy Chief

Vast reserves of coal in the far west of China mean it is set to become the "new Middle East", a leading figure in the global coal industry has claimed. Fred Palmer, the chairman of the London-based World Coal Association and a key executive at Peabody Energy, the world's largest privately owned coal company, also said that China is leading the US in efforts to develop technology to "clean" coal of its carbon emissions by burying them underground.

In a wide-ranging interview with the Guardian, Palmer dismissed the idea that the world might ever experience "peak coal" – the point at which maximum global coal production rate is reached. "The Dakotas, Mississippi, Alabama, Louisiana, Texas all have large, large amounts of lignite [brown coal]," he said. "Or in western China and Mongolia you have lower-ranked coals. So I don't think there's a peak coal problem. I think Xinjiang province in the west of China, where they say there's a trillion tonnes of resources, will be the new Middle East. Anyone who has the notion that we're going to move away from fossil fuels just isn't paying attention."

http://www.guardian.co.uk/environment/2011/mar/08/china-coal-new-middle-east


[Posted at the SpookyWeather blog, March 13th, 2011.]

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