Home » Posts tagged 'coal' (Page 6)
Tag Archives: coal
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 […]
Coal Is Doomed Even If It Wins Against EPA In Courts
Coal Is Doomed Even If It Wins Against EPA In Courts The controversy over the Environmental Protection Agency’s Clean Power Plan has become the latest chapter in the chronicle of President Obama’s so-called ‘war on coal’. The plan promises many things, chief among them the health and climate benefits accrued by switching to cleaner burning […]
Environmentalists Win Federal Lawsuit Over Colorado Coal Mines
Environmentalists Win Federal Lawsuit Over Colorado Coal Mines Environmentalists won big May 8 in a lawsuit brought against the federal government over two coal mines near the northern Colorado town of Craig. The nonprofit environmental group WildEarth Guardians sued the U.S. Office of Surface Mining, Reclamation and Enforcement (OSM), a bureau within the U.S.Department of the Interior, over permits granted in […]
The Latest Casualty In Energy’s Hardest Hit Industry
The Latest Casualty In Energy’s Hardest Hit Industry Another coal company bites the dust. Again. Patriot Coal, a miner of coal in several Appalachian states, filed for Chapter 11 bankruptcy on May 12. Patriot said it is “in active negotiations for the sale of substantially all of the Company’s operating assets to a strategic partner.” The move […]
How Much Would Zero Emissions Cost?
How Much Would Zero Emissions Cost? In 2014 global carbon emissions totaled 32 gigatonnes (Gt). If you’re counting, that’s roughly 32 Gt too many. Yes, zero, near-zero, or net-zero is what we want, and soon is when we need it. Failure to achieve such goals by the end of the century will irreparably damage our planet and […]
