OTTAWA — Canadian exports of thermal coal increased another seven per cent last year, reaching the highest level in almost a decade.
The boom in exports of the kind of coal burned to make electricity comes as Canada leads a charge to end the use of coal as a source of power worldwide.
That's up from a little more than 18 million tonnes in 2022 and is almost twice the amount Canada exported in 2015 when the Liberals took power. Global coal use expanded in 2022, partly as the Russian invasion of Ukraine led to a spike in gas prices. The International Energy Agency said in its most recent forecast that it believes thermal coal demand may have peaked in 2023.Environment Minister Steven Guilbeault said last month he expects to announce a plan to phase out coal exports later this year.
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