Today’s news is out of the Alberta province in Canada.
A few days ago, it was announced that Alberta has started looking for a strategy to help phase out the use of coal as quickly as possible despite getting 55% of its energy from coal fired power plants. The future, for them, is seen in renewables and energy efficiency.
It will be interesting to see if this way of thinking spreads to other provinces of Canada or not. If the need for coal drops, the number of coal mines will drop which could be bad for large coal mining areas of the world.
We buy and sell a lot of earthmoving equipment to coal mines. We actually just bought some 657E scrapers from a coal mine out on the east side of the United States and brought them into our shop to clean them up before we resell them. So we don’t want a decline in the coal industry! And besides, what would Santa Claus bring the bad kids? Renewable energy? No thank you.
*All information for this story was taken from mining.com.