China's Energy Plan to Reduce Its Dependence upon Coal

Summary: China's air pollution and coal mining deaths have horrified the global community. The country is now taking actions to reduce both. One energy plan includes coal bed methane gas, which vents the coal mines and prevents explosions. It is used as a natural gas, and is helping China expand its dependence upon a cleaner burning fuel. Now Canadian companies are rushing to China to capitalize upon the opportunities the Chinese govt is giving them. How can investors benefit from this?

According to a U.S. Congressional - Executive Commission on China, which held a series of Issues Roundtables in late 2004, it was estimated that 12 Chinese mine workers die for every million tons of coal produced. Most are killed by methane gas explosions while inside the coal mines. China Business Weekly reported in July 2000, "To prevent gas explosions, China emits 6 billion cubic meters of methane from mines annually, seriously polluting the environment