Shale Gas Eclipsing Clean Coal

Reuters reported that cost effectiveness and recent advances in technology in shale gas drilling are placing clean coal projects in jeopardy.

As quoted in the market report:

Meanwhile, breakthroughs in horizontal drilling techniques and hydraulic fracturing, or fracking, have unlocked massive gas reserves trapped in shale formations, prompting a major shift away from using coal at power and industrial plants.

To view the whole Reuters report, click here.