US shale gas boom is sparking an EU coal revival and hiking emissions.

FT: “There was a sharp increase in the level of the greenhouse gases blamed for global warming emitted by the European Union’s coal-fired power stations in 2012, analysts say, as plant owners rushed to take advantage of high profits ahead of looming environmental restrictions.” “The rise was as high as 17 per cent according to Brian Potskowski of the Bloomberg New Energy Finance research group, while Europe’s total power plant emissions rose 3 per cent over the same period.”