Coal against climate: why the dirtiest energy source is booming – Knowledge

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Christopher von Eichhorn

Shortly before the outbreak of the corona pandemic, Low Tuck Kong tried to sell parts of its Indonesian coal mining company. But the businessman couldn’t get rid of her, nobody wanted to get in, he recently told the Bloomberg news agency. What future did coal, the most climate-damaging fuel of all, seem to have? So Low quickly bought more shares himself – and the bet paid off: the share price doubled, today the Singaporean is one of the richest coal barons in the world, with an estimated fortune of around six billion euros.

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