Coal Giants Are Making Mega Profits as Climate Crisis Grips the World
Big coal producers have made blockbuster profits this year.
Photographer: Brendon Thorne/Bloomberg
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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.