If you believe in that sort of thing. People's Daily reports:

The share price of China Coal Energy, the country's second largest coal producer, jumped more than 40 percent in a strong debut in Shanghai on Friday amid volatile trading....

The capital would be used for the construction of major coal projects in Inner Mongolia Autonomous Region and Heilongjiang Province, and to supplement operating capital, according to the company.

China has a lot of coal. It's a cheap, efficient, and secure source of energy, so they aren't going to stop building coal-fired power plants any time soon--even if Obama hugs it out with them. Not only that, but much of the developing world, most notably Africa, will have to rely on affordable coal-fired power plants in order to lift themselves out of abject poverty. This type of thing puts the environmental movement at odds with efforts to eliminate global poverty--a conflict that Anne Applebaum captured well in her piece on India's Nano.