Abbott's worst nightmare ... in charts

Recent news out of the US and China suggests coal ain't dead but it is showing signs of a terminal decline. Investors need to be wary that Tony Abbott's fondness to sell coal may not be matched by an equal desire to buy it in these two giants of the coal market.

As reflected on yesterday by the Climate Council’s Amanda McKenzie (1.6 billion reasons the game just changed), there are some emerging reasons for why Prime Minister Abbott might need to worry that the worst is about to happen in his eyes – that Australian coal might be left in the ground unsold.

The first one is the US government announcing a plan to reduce emissions from their power sector by 30 per cent by 2030.  


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