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>> "This is a wildly impractical idea. It's so bad, it hardly deserves any serious consideration." But arguably it may be more effective than the political pro
by em3rgent0rdr 11y ago
>> "This is a wildly impractical idea. It's so bad, it hardly deserves any serious consideration."
But arguably it may be more effective than the political process.
>> "and encourage the creation of new mines all over the planet. In the process of restricting supply, it'll lift coal back to highly profitable as an industry, and it'll fund the creation of new mines."
If you read the entire article, it mentions that purchasers should consider buying the more harder to mine deposits first, to counter your concern:
"Harstad thinks that his coalition should lease or purchase the hardest coal to access: In other words, the coal that’s most expensive to mine. Then, as demand for coal grows and the price rises—and mining companies start to look more more difficult reserves—they’ll find that coal is already locked up."