Coal is variously referred to as the ‘black gold’, ‘black diamond’ etc. in reference to its value in driving the economy. Recently, the cabinet approved the ordnance for liberalising the sector further- only the latest addition to a series of measures by the government to stimulate the sector. This is noteworthy given India’s stand in the fight against climate change. It shows the significance the carbon based material has on the Indian economy despite its proven deleterious effects on the environment.