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Bankers pour cold water on red hot coal

By Sarah McFarlane and Clara Denina

24 Nov 2022 · 5 min read

LONDON - It's the best of times, it's the worst of times. At least when it comes to mining coal.

After years of decline, demand for the polluting fossil fuel has surged this year as Europe scrambles to replace Russian gas, and coal miners are making money hand over fist.

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