Economics
Coal Trading an Awkward Contradiction for Climate-Talks Sponsor
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The sparkling blue waters of an Alpine hydroelectric dam dominate Electricite de France SA’s latest advertisement plugging its sponsorship of climate-change talks in Paris at the end of the year.
While renewable-energy plants and the world’s largest fleet of nuclear reactors allow the state-controlled utility to boast of low-carbon emissions, they are linked to an inconvenient truth: EDF is one of the world’s biggest coal traders and a major importer of the fuel into Europe.