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As CO2 Levels Rise, Obama Still All Talk And No Action
As CO2 Levels Rise, Obama Still All Talk And No Action President Obama is once again talking out of both sides of his mouth with regard to the need to protect the environment. After joining Facebook last week, the President used his very first video post to address the issue of climate change. The President said in the […]
Report: How Coal and Gas Industry Get Their Way In Fossil Fuel Rich Queensland
Report: How Coal and Gas Industry Get Their Way In Fossil Fuel Rich Queensland Where and how should the public expect negotiations between fossil fuel industries and governments be carried out? What kind of relationships should exist between fossil fuel corporations and the politicians and public servants who are part of the decision-making process that those […]
Peabody Energy ‘Experts’ Sow Doubt About Reality of Climate Change
Peabody Energy ‘Experts’ Sow Doubt About Reality of Climate Change According to publicly available court records, US coal company Peabody Energyrecently submitted expert testimony to the Minnesota Public Utilities commission arguing that, ”CO2 is not harmful and is actually good for the planet” and that “there is no empirical scientific evidence for significant climate effects of rising CO2 levels, […]
Is Natural Gas As Clean As We Think?
Is Natural Gas As Clean As We Think? This week U.S. President Barack Obama took aim at the American coal industry as part of a comprehensive climate change plan to limit air emissions from what many consider the country’s worst polluter. Under the plan, states will have until 2030 to cut CO2 levels by a third from […]
Pop Goes The Alpha ( Natural Resources)
Pop Goes The Alpha ( Natural Resources) If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its market cap soared from practically nothing to $11 billion […]
Peabody Energy to White House: Greenhouse Gas a ‘Non-Existent Harm’
Peabody Energy to White House: Greenhouse Gas a ‘Non-Existent Harm’ In an official submission to the White House earlier this year, U.S. coal giant Peabody Energy claims that greenhouse gas is a “non-existent harm” and a “benign gas that is essential to all life.” The March 2015 submission from Peabody further claims that “while the benefits of carbon […]
A Clash of Green and Brown: Germany Struggles to End Coal
A Clash of Green and Brown: Germany Struggles to End Coal A recent battle over imposing a “climate fee” on coal-fired power plants highlights Germany’s continuing paradox: Even as the nation aspires to be a renewable energy leader, it is exploiting its vast reserves of dirty brown coal. The hole in the landscape that opens up […]
A Bad Week For Coal Mining Industry, Even Worse for Peabody Energy
A Bad Week For Coal Mining Industry, Even Worse for Peabody Energy It’s been a really bad week for major U.S. coal companies as we head into the July 4th holiday weekend. St. Louis-based Peabody Energy (NYSE: BTU) closed today at $1.87 a share, down from a high of $84 per share in mid-2008. The company’s chief financial officer Michael C. Crews […]
Are Coal, Oil and Gas the Subprime Assets of the Future?
Are Coal, Oil and Gas the Subprime Assets of the Future? That question was actually asked by British Secretary of State for Energy and Climate Change Ed Davey last year, and its ramifications are extensively explored in a provocative report released today by the Center for International Environmental Law, a Washington, D.C. think tank. According to CIEL, the answer […]
Renewable Energy Will Not Support Economic Growth
Renewable Energy Will Not Support Economic Growth Container terminal image via shutterstock. Reproduced at Resilience.org with permission. The world needs to end its dependence on fossil fuels as quickly as possible. That’s the only sane response to climate change, and to the economic dilemma of declining oil, coal, and gas resource quality and increasing extraction costs. […]
Revolution? More like a crawl
Revolution? More like a crawl The energy visionary Vaclav Smil — Bill Gates’s favorite author — says that when our leaders promise quick energy transformations, they’re getting it very wrong. America in 2015 finds itself almost in a new energy reality. It recently became the world’s second–largest extractor of crude oil, and since 2010 has been the leading producer of natural gas, whose abundant and inexpensive […]
The senility of elites: coal mining must continue, no matter what the human costs
The senility of elites: coal mining must continue, no matter what the human costs The coal mine of Bihar, India. Photo by Nitin Kirloskar This post was inspired by a recent article about coal mining in India by David Rose in the Guardian about coal mining. In India, people are dying in the streets because of excessive heat […]
EU May Take Desperate Measures To Ensure Energy Security
EU May Take Desperate Measures To Ensure Energy Security Oft forgotten and on the periphery of the European Union, the Balkans plus Ukraine may have a plan to address the energy needs of the economic bloc. It’s coal-heavy, borderline uneconomic, and arguably counterproductive to respective national agendas, but it does aim to satisfy some particularly […]
