Climate Snapshot

Collapsing share prices of US coal hold warning for BC and Alberta carbon bubbles

Share prices of major coal mining companies in the United States have collapsed in the last two years. Investors have lost billions. The lack of any solution to the high levels of climate pollution from coal burning is dimming the industry prospects for a growing number of investors. Amazingly this gutting of market capitalization over the last two years has happened while US coal production fell just 6%. It’s not today’s relatively small decline that has spooked investors. Instead it is a rapid change in what the future looks like for American coal. Just a few years ago the accepted future was one of decades of growth. This has quickly morphed in many investors’ minds into a scenario of long term decline. That popping sound is not from champagne corks anymore.

Follow us

We are here to bring the world of ecosocialism to life.

Like Us On Facebook

Facebook Pagelike Widget
What Might An Ecosocialist Society Look Like?
On Sept 19, 2023 ahead of the Climate Ambition Summit in New York City, climate activists gathered for a rally and civil disobedience outside Bank of America Tower in Midtown Manhattan as part of the March to End Fossil Fuels wave of actions resulting in multiple arrests. Activists demand Bank of America to “Defund Climate Chaos and Defend Human Rights” Photo: Erik McGregor (CC BY-NC 2.0 Deed)

Let’s Save Each Other

Let’s Save Each Other

Illustration by Stephanie McMillan. Used with permission