The G7’s Last Nail In Coal’s Coffin… Again?

This virtue signal gets even worse when you really dig into... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy The G7’s Last Nail In Coal’s Coffin… Again? Keith Kohl | Apr 30, 2024 Let’s call this the virtue signal heard ‘round the world. At first glance, the historic decision reached by the G7 nations was a historic moment in global energy policy. Last week, the Group of Seven nations — Canada, France, Germany, Italy, Japan, the United Kingdom, and the U.S. — struck an incredibly monumental deal to end coal power generation by 2035. The plan involves phasing out coal power during the first half of the 2030s. For something this historic, the news didn’t seem to garner much attention. This was certainly a departure from [COP 28 last year,]( when the Cop 28 president mocked the idea of phasing out fossil fuels to limit climate change. Perhaps there’s a reason why the news didn’t turn many heads. It’s not hard to understand why… Bezos, Gates, Dalio, and Ma Racing to THIS Tech There is a $1.9 trillion energy race underway and one company is about to cross the finish line. Jeff Bezos, Bill Gates, Ray Dalio, and Jack Ma have already poured $2 billion into this technology... The company behind it is extremely undervalued... But not for long… In fact, I believe this company could deliver a windfall of as much as 46,018%. u have nothing to lose and everything to gain. [Click here now to find out how you can get in on the ground floor of this quantum leap technology…]( The G7 Virtue Signal Look, I’m not going to bash anyone optimistic enough to think this will move the needle on coal consumption, but it’s hard not to see the G7’s decision as simply another virtue signal for climate talks. I have a feeling the veteran members in our investment community already know why, too. Like most concerns over climate change today, we need to see real action where it counts. Think about it… Here in the United States the coal industry has been in a downward spiral for more than a decade. Not only are we no longer building new coal power plants, but the ones that ARE operating are more than 43 years old. If you consider that the average age of a retiring coal unit is around 54 years old, then it makes the pledge to phase out coal by 2035 a little anticlimactic — that’s when the U.S. coal fleet will be retiring anyway! In 2023, coal already makes up nearly half of planned utility-scale electric generating capacity retirements: [coal u.s.] Trust me, the reason why coal is dying isn’t because the global cabal of politicians are forcing us to phase it out of our energy dynamic — it’s because the U.S. coal industry has been gutted by the one-two punch of dirt-cheap natural gas and an overzealous, aggressive push toward renewables like wind and solar. I hate to tell the G7 leaders this, but we were going to phase out coal during the next decade regardless of their decision. But this virtue signal gets even worse when you really dig into it. [The “super hot” stock that could fund your entire retirement.]( In the world of renewable energy tech there’s a HUGE investment story unfolding. And if you take action before May 1st, I predict you’ll make enough money to fund your retirement MULTIPLE times over! Because thanks to the patented technology of one little-known company... We now have a way to harness enough cheap, clean energy from Earth’s molten core to last us for 91 billion years (yes, you read that right!). But be warned: this stock could take off at any moment, with gains of over 5,000% highly likely in the coming months. [Read my urgent report on this ‘superhot’ stock before the opportunity vanishes.]( What’s interesting is that this decision by the G7 was a long-time coming, but member countries like Japan were putting up roadblocks whenever it could. Truth is, Japan was holding out because coal still accounts for nearly one-third of its energy consumption. Remember, Japan suspended all of its nuclear plants after its Fukushima Daiichi accident back in 2011. Starting in 2015, the country has been slowly bringing its nuclear reactors back online after having been forced to turn to sources like LNG for electrical generation. However, that brings us to the elephant in the room that nobody in the G7 is going to talk about. I’m referring to the biggest coal consumers on the planet: China and India. Both China and India have ramped-up their usage in recent years, and are the world’s first and third largest consumers of coal, respectively. If you want to know how deep these two are into coal power, just consider that it accounts for 61% of China’s power generation and 75% of India’s! Of course, let’s keep in mind that despite all the phase-out plans, heartfelt announcements and proclamations that we’ll eliminate fossil fuels from our energy mix, the world demands more coal than ever before. In fact, global coal consumption hit a record of 8.5 billion tons in 2023. And according to the IEA, the world isn’t slowing its hunger for more. The good news is that the natural phase-out of coal in the U.S. is going to open up an interesting situation for certain coal companies that are positioned to export their supply abroad. We may soon hammer in the last nail in the coal industry’s coffin here inside the United States, but our rich coal resources will simply be sold off to India, where one-quarter of our coal ended up last year. Meanwhile, the loss of coal from G7 members’ power generation won’t come without its own ramifications. Next time, I’ll show you exactly where we’re going to make up that loss — and it won’t be from renewables. Until next time, [Keith Kohl Signature] Keith Kohl [[follow basic]Check us out on YouTube!]( A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of [Energy & Capital](, as well as the investment director of Angel Publishing's [Energy Investor]( and [Technology and Opportunity](. For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology. 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