Why is Coal Still the Preferred Option in Beijing Energy Production?
Of the many oil companies declaring their various projects that will help reduce emissions, one has many surprised: PetroChina Company (NYSE: PTR) Unlike other oil companies in Europe and the U.S., China’s oil firms do not usually treat climate objectives as a serious issue that needs to be addressed. On top of that, Beijing, which is one of the most air polluted cities in the world, isn’t even planning on hitting its emissions peak until the year 2030. It appears that not even the huge fund managers that have been calling for Western oil firms to further improve their carbon…