The end of coal? Why investors aren't buying the myth of the industry's 'renaissance'

At the world's biggest coal export port in Newcastle, no China-bound ships are waiting or scheduled to load before ChristmasThree years ago, pictures of bulk carriers queued off the coast of Mackay in central Queensland were framed as evidence of a "renaissance" in the coal industry.There were more than 70 coal ships in the offshore gridlock in December 2017. This year there are just 12 waiting - equalling a record low mark set at the height of the coronavirus pandemic. Continue reading...