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Coal Project Funding Drops to Lowest Since 2010

A few years ago, coal use seemed to be on the decline. Several major economies had pledged to replace the dirty fuel with cleaner alternatives and were already shutting down some of their old coal-fired plants. Then Russia invaded Ukraine and plunged the world into chaos, exacerbating an ongoing energy crisis that caused prices to soar and left countries scrambling to find alternative sources of energy.

The Kremlin blocking natural gas exports to the rest of Europe made the situation significantly worse and forced many European countries to return to…

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