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Coal Giants Are Making Mega Profits as Climate Crisis Grips the World

Big coal producers have made blockbuster profits this year.

Aerial Views Of Newcastle Coal Industry And Glencore Plc Coal Operations

Photographer: Brendon Thorne/Bloomberg

The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging up coal.

The energy-market shockwaves from Russia’s invasion of Ukraine mean the world is only getting more dependent on the most-polluting fuel. And as demand expands and prices surge to all-time highs, that means blockbuster profits for the biggest coal producers.