LONDON (Reuters) – Britain on Wednesday approved its first new deep coal mine in decades to produce the high-polluting fuel for use in steelmaking, a project that critics say will hinder the UK’s climate targets. The Woodhouse Colliery, to be developed by West Cumbria Mining in northwest England, seeks to extract coking coal which is used in the steel industry rather than for electricity generation. It is expected to create around 500 jobs. The project, unveiled in 2014, has come under criticism from the British government’s own independent climate advisory panel as well as climate activists a…