Monday, April 30, 2007

King Coal to be on his throne for a while yet ?!

Still a place for coal energy: Rio Tinto

April 27, 2007 - 1:44PM
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Rio Tinto Ltd chairman Paul Skinner says there is still a place in the world for coal energy, despite the debate over greenhouse gas emissions.
"I have the view that in the longer term the world will need all the energy options they can get and coal in one of them," he told shareholders at the company's annual general meeting in Perth.
"It is important for us that we secure a place for coal in the global energy mix - we think coal has a good future but we think we need to work to make sure it has a clean future."
Chief executive Leigh Clifford said the company is already involved in number of projects to clean up the coal industry.
The executives were responding to a question from a union representative who said coal miners were sick of being demonised by environmentalists.
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