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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 […]

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More Headline Risk Around Alberta’s Oil-Sands Industry

More Headline Risk Around Alberta’s Oil-Sands Industry

Questions Multiply on Future of Canadian Projects

July hasn’t been a very good media month for Alberta’s oil-sands industry, and not just because of all the coverage given the fifth anniversary of the Enbridge Inc. spill in the Kalamazoo River of northern Michigan. The Wall Street Journal had a one-two oil-sands punch with separate articles on the same day last week, one […]

July 27, 2015 Read More →
Wyoming Regulators Say Peabody Complies with Self-Bonding Requirements, but They Don’t Say How

Wyoming Regulators Say Peabody Complies with Self-Bonding Requirements, but They Don’t Say How

Sunlight Can Unmask the Truth

Wyoming’s Department of Environmental Quality recently affirmed Peabody Energy’s alleged ability to self-bond, that is, pay for the vast cleanup costs associated with its mines in the Powder River Basin rather than stick taxpayers with the bill. To the naked eye, however, Peabody—or for that matter Arch Coal or Alpha Natural Resources—is in no position […]

July 23, 2015 Read More →
The Financial Case for CalPERS and CalSTRS to Get Out of Coal

The Financial Case for CalPERS and CalSTRS to Get Out of Coal

A Fading Industry Digs Its Heels in Against Market Forces That Are Gaining Global Momentum

[This commentary first appeared in today’s Sacramento Bee] Getting CalPERS and CalSTRS to do the right thing and pull back from risky coal investments will require the type of political initiative being shown by California lawmakers who are pushing for just such a move. Senate Bill 185, which would require the state employees’ and teachers’ […]

July 22, 2015 Read More →
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