{"id":449987,"date":"2021-11-16T09:07:17","date_gmt":"2021-11-16T03:37:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449987"},"modified":"2021-11-16T11:28:11","modified_gmt":"2021-11-16T05:58:11","slug":"coal-stocks-lose-ground-after-glasgow-climate-deal-to-reduce-fuels-use-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-stocks-lose-ground-after-glasgow-climate-deal-to-reduce-fuels-use-2\/","title":{"rendered":"Coal stocks lose ground after Glasgow climate deal to reduce fuel&#8217;s use"},"content":{"rendered":"<p>SYDNEY (Reuters) -An international agreement to reduce coal use dragged miners&#8217; shares lower on Monday, but tight supply of the commodity provided a floor for a sector that has chalked up huge gains this year. <\/p>\n<p>U.N. climate talks in Glasgow ended on Saturday with a deal targeting fossil fuel use https:\/\/www.reuters.com\/business\/cop\/un-climate-negotiators-go-into-overtime-save-15-celsius-goal-2021-11-13. Wording was softened https:\/\/www.reuters.com\/business\/cop\/how-dispute-over-coal-nearly-sank-glasgow-climate-pact-2021-11-14 to call for a &#8220;phase down&#8221; rather than &#8220;phase out&#8221; of coal after lobbying from India among others. <\/p>\n<p>&#8220;The reality is that coal is going to be used during the next decade or so. It&#8217;s still going to be a cash generator,&#8221; said Mathan Somasundaram, chief executive officer at Sydney-based research firm Deep Data Analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY (Reuters) -An international agreement to reduce coal use dragged miners&#8217; shares lower on Monday, but tight supply of the commodity provided a floor for a sector that has chalked up huge gains this year. U.N. climate talks in Glasgow ended on Saturday with a deal targeting fossil fuel use https:\/\/www.reuters.com\/business\/cop\/un-climate-negotiators-go-into-overtime-save-15-celsius-goal-2021-11-13. Wording was softened https:\/\/www.reuters.com\/business\/cop\/how-dispute-over-coal-nearly-sank-glasgow-climate-pact-2021-11-14 to call for a &#8220;phase down&#8221; rather than &#8220;phase out&#8221; of coal after lobbying from India among others. &#8220;The reality is that coal is going to be used during the next decade or so. It&#8217;s still going to be a cash generator,&#8221; said Mathan Somasundaram, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,170,130],"tags":[],"class_list":["post-449987","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=449987"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449987\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}