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Resource exploration spending in Queensland increased by almost AUS$130 million or 23% in 2020, according to new data released by the Australia Bureau of Statistics.
Queensland Resources Council (QRC) Chief Executive, Ian Macfarlane, said increased expenditure in coal, metals and gas exploration was a strong signal in the long-term confidence of the resources sector, particularly in the wake of the devastating impact COVID-19 has had on sections of the economy.
“These latest exploration expenditure figures tell a very positive story about the new investment and new jobs that are going to help Queensland work and earn its way through COVID,” Macfarlane said.
French power consumption fell 3.5% last year as the COVID-19 pandemic cut demand more than during the 2008 financial crisis, grid operator RTE said on Wednesday.
China's coal consumption is expected to continue rising in 2021 despite Beijing's pledges to boost the use of clean energy and curb greenhouse gas emissions, the China National Coal Association said on Wednesday.
Energy Secretary Jennifer Granholm (D) said Wednesday on ABC's "The View" that coal miners whose jobs are phased out can "mine the critical materials that go into batteries" in a clean energy economy. | Clips