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A Well-Publicized and Misguided Energy Efficiency Critique

From the University of Chicago, a Narrow Study That Misses the Big Picture

A recent study out of the University of Chicago questioning the cost-effectiveness of home energy efficiency programs captured the imagination of the press last week. Much of the coverage, unfortunately, was only marginally informed. The study itself was narrow but the accompanying policy brief and press statements generalized to a much broader conclusion, saying that […]

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Global Coal Markets: When Does a Seasonal Trend Become a Structural Decline?

Global Coal Markets: When Does a Seasonal Trend Become a Structural Decline?

China Is Losing Its Appetite for Imports; India Is About to

The latest data out of China is worth talking about even if it sounds like we’re repeating a story from last month. The country’s coal imports were down 41 percent year-on-year again in May, and coal imports this year are now down 44 percent year compared to 2014. So coal imports into China—the world’s recent former […]

July 1, 2015 Read More →
In Norway’s Divestiture, Coal’s Shabby Finances Matter; Executive Intransigence Is a Factor Too

In Norway’s Divestiture, Coal’s Shabby Finances Matter; Executive Intransigence Is a Factor Too

“Does 'Never' Work for You?” Industry Leaders Seem to Be Saying. “How Is 'Never'?”

In all the blur of coverage around Norway’s decision to direct its pension-fund managers to divest further from coal holdings, the most compelling argument to do so was sometimes overlooked. To me, nothing says get out of coal more than the financial angle. Coal companies have already lost billions of dollars over the past few […]

June 30, 2015 Read More →
Railway Executive Sees Powder River Basin Coal for What It Is: A Stranded Asset

Railway Executive Sees Powder River Basin Coal for What It Is: A Stranded Asset

Burlington Northern Santa Fe Executive Chairman Acknowledges a Reality That Coal Companies Have Been Reluctant to Admit

Nine years ago, Burlington Northern Santa Fe Railway Company embarked on a campaign to improve its freight service in and out of the coal-rich Powder River Basin of Montana and Wyoming. Times were good, the coal industry was booming, and BNSF was getting political pressure to beef up its Powder River Basin infrastructure to help […]

June 29, 2015 Read More →
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