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Even coal companies are now divesting from coal

Even coal companies are now divesting from coal

What’s different now is the pace at which coal companies themselves, many with few other options, are attempting to leave coal behind, says Clark Williams-Derry, an energy finance analyst with the Institute for Energy Economics and Financial Analysis. The coal spinoff, Consol Energy, has lost about 90% of its value since 2018. Last year, global mining giant BHP followed the lead of rival Rio Tinto (which divested from thermal coal in 2018), beginning the process of selling off its coal assets.