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How Puerto Rico’s Electric Company Can Seize the Day

Investing in Sun and Wind Makes a Lot More Sense Than Importing Gas

Puerto Rico is all over the news lately because of its debt crisis. The U.S. territory has about $72 billion in debt, and its governor has said Puerto Rico is unable to pay it all back. The Puerto Rico Electric Power Authority, which owns and operates the electrical system on the island, is part of […]

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Investors Have Lost Their Shirts on Peabody; Now Taxpayers Are in the Line of Fire

Investors Have Lost Their Shirts on Peabody; Now Taxpayers Are in the Line of Fire

The Problems Created by a Global Coal Giant Have Become a Public Concern

The U.S. coal sector is in financial distress, a fact that’s been apparent for some time now and is made more evident with this week’s second-quarter earnings report from Peabody Energy. Peabody continues to tank for the main reasons many other major coal producers continue to tank: It made too many top-of-the-cycle, multibillion-dollar debt-funded acquisitions […]

July 30, 2015 Read More →
In Puerto Rico, AES Corp. Gets Away With a Coal-Ash Mess That Wouldn’t be Tolerated in the States

In Puerto Rico, AES Corp. Gets Away With a Coal-Ash Mess That Wouldn’t be Tolerated in the States

Power Plant Dust Blows Through Dozens of Communities

Sometimes I wonder if the peculiar political status of Puerto Rico results in especially bad behavior by some of the outside corporations that do business here. Take AES Corp, a Fortune 500 company that promotes itself as a benevolent leader in the global power-generation industry. AES, which is based in Arlington, Va., just across the […]

Coal Industry Talking Points: Blame Somebody Else

Coal Industry Talking Points: Blame Somebody Else

Yancoal Australia Is a Prime Example of Irresponsible Leadership; Investors, Employees and Taxpayers Are the Ones Who Have a Right to Complain

Yancoal Australia’s recent spin on its announcement around 225 job cuts at its Hunter Valley operations in New South Wales is a searing case in point of a big pure-play coal company blaming somebody else for its troubles. The company’s chief executive, Reinhold Schmidt, went on a rant last week in which he said that […]

July 28, 2015 Read More →
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