MARKETS

No US support for Jamaican coal

THE US State Department's Bureau of Energy Resources says the US will not support Jamaican coal-p...

Sadie Davidson

"We have a US government policy that we don't support World Bank or international financial institutions' financing of new coal facilities abroad for reasons of climate change," a department official told reporters from Jamaica’s The Sunday Gleaner.

The comments came during a visit to the Bureau of Energy Resources by reporters who were in the US for a working tour themed “The future of energy in the Americas”, which was sponsored by the US State Department's Foreign Press Centre.

Visiting countries included those likely to benefit from the Connecting the Americas 2022 initiative, whereby leaders of the western hemisphere committed to achieve universal access to electricity over the next decade through enhanced electrical interconnection.

The initiative was developed by Colombia and aims to increase access to reliable, clean, and affordable electricity for the 31 million people in the western hemisphere without access to reliable power.

The US official told The Sunday Gleaner that Jamaica had substantial renewable energy sources and questioned why investors had not taken up those opportunities in the area.

The official insisted that those were the issues the initiative would be tackling and the focus would not be on new coal-fired power plants.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production