Thursday, October 23, 2008

India Shopping for Coal Mines in Appalachia - Green Inc. Blog - NYTimes.com
As Clifford Krauss pointed out last spring, the United States, in response to increasing global demand, has become a major exporter of coal for the first time in years, forcing domestic buyers to compete with others from countries like Germany and Japan.

Now it appears that India — a giant in coal production itself — is doing some window-shopping of its own in American mine towns, not just to secure exports, but to invest.

(And all this at a time when the globe is ostensibly embracing a migration away from fossil fuels and the reduction of C02 emissions.)

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