Glencore books huge profit from gas crisis
The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.
BY VICTOR EMIL KRISTENSEN, TRANSLATED BY CHRISTOFFER ØSTERGAARD
In recent years, there has been a strong focus on minimizing coal consumption given that the polluting energy source with large volumes of stored CO2 is also a leading cause of global warming. But the war in Ukraine and the extreme natural gas prices have sparked a renaissance for coal.
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