Goldman Sachs Says Coal-Export Terminals Are a Bad Investment

In Asia the predicted “super-cycle” of coal in China and India isn’t looking quite as super as it did a few years ago.  China’s economic expansion has slowed from double digits to around 8 percent, and rapidly growing concerns about air pollution in China are forcing the central and local governments there to reduce electricity generation from coal.  Beijing has announced that by 2015 it will slash its coal consumption by nearly half, compared with 2010 levels.

Goldman Sachs Says Coal-Export Terminals Are a Bad Investment