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Standard & Poor’S "warning"
Views: 2035
Jul 23 2014 01:10 PM | eds in Non-Renewable
US-based credit ratings group Standard & Poor’s has become the
. . . latest financial market heavyweight to lend its voice to growing concern
. . . that the majority of the world’s remaining coal assets could end up stranded,
. . . risking billions of dollars in investments and
. . . threatening the economic security of exporting nations.
This was a concern for investors, not to mention the world’s coal producers,
. . . which in 2012 included:
. . . . . . China (3.5 billion tons),
. . . . . . U.S. (1.0 billion tons),
. . . . . . India (0.6 billion tons),
. . . . . . Australia (0.4 billion tons).
"In our view, any decline in coal,
. . . would depend on the availability of viable alternatives,
. . . such as large-scale gas developments in China,
. . . or renewables.”
07-23-2014 Source: Standard & Poor’s "Warning"
. . . latest financial market heavyweight to lend its voice to growing concern
. . . that the majority of the world’s remaining coal assets could end up stranded,
. . . risking billions of dollars in investments and
. . . threatening the economic security of exporting nations.
This was a concern for investors, not to mention the world’s coal producers,
. . . which in 2012 included:
. . . . . . China (3.5 billion tons),
. . . . . . U.S. (1.0 billion tons),
. . . . . . India (0.6 billion tons),
. . . . . . Australia (0.4 billion tons).
"In our view, any decline in coal,
. . . would depend on the availability of viable alternatives,
. . . such as large-scale gas developments in China,
. . . or renewables.”
07-23-2014 Source: Standard & Poor’s "Warning"
