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Cleaner gas favoured by utilities in European countries

The tide against coal extends beyond power-plant economics. Norway's US$900 billion wealth fund and insurer Allianz SE this year joined investors snubbing the fuel.


LAWMAKERS from Germany to the UK want to legislate coal out of existence. As profit margins slump, power producers too are giving the fuel the cold shoulder in favour of cleaner natural gas.

The switch to the less polluting fuel is so far most prominent in the UK market.