Low natural gas prices in the U.S. and weak prices for carbon permits in Europe are pushing more...

|By:, SA News Editor

Low natural gas prices in the U.S. and weak prices for carbon permits in Europe are pushing more polluting coal into Europe where it is being burned to generate electricity, Royal Dutch Shell (RDS.A) execs say. Since the start of the decade, coal exports to Europe from the U.S. have increased fivefold, resulting in a reduction of ~23B cubic meters of gas being burned in the European power sector this year.