Archive for June, 2013

More News and Commentary

Report- Stranded: Alpha Coal Project in Australia’s Galilee Basin

Report- Stranded: Alpha Coal Project in Australia’s Galilee Basin

Stranded: Alpha Coal Project in Australia’s Galilee Basin – pdf

June 19, 2013 Read More →
GVK’s $10bn Alpha Coal Project financially unviable

GVK’s $10bn Alpha Coal Project financially unviable

“Indian infrastructure firm GVK’s $10bn Alpha coalmine, port and rail project in Australia’s Galilee basin is financially unviable, according to a report by US-based Institute for Energy Economics and Financial Analysis (IEEFA). The report, titled, ‘Stranded: A financial analysis of GVK’s proposed Alpha Coal project in Australia’s Galilee basin’, stated that the project is uneconomical […]

June 19, 2013 Read More →
US Taxpayers & The Great Barrier Reef Coal Scam

US Taxpayers & The Great Barrier Reef Coal Scam

WASHINGTON: “A scathing new report out today outlines just how risky some of the world’s largest coal export projects are. Funnily enough, they’re not the risks environmentalists care about – the fact that they’re going to be built inside the great barrier reef for instance. No, what the report is concerned with are the risks […]

June 19, 2013 Read More →
GVK’s Australia coal project financially unviable: report

GVK’s Australia coal project financially unviable: report

HYDERBAD: “The US-based Institute for Energy Economics and Financial Analysis (IEEFA), in a report on GVK’s $10-billion Australian coal project, has stated that it is financially unviable. The report, titled ‘Stranded: A financial analysis of GVK’s proposed Alpha Coal project in Australia’s Galilee basin,’ observes that the Alpha coalmine, port and rail project is uneconomical […]

June 18, 2013 Read More →
GVK’s Australia coal project ‘a quagmire, not an investment’ says report

GVK’s Australia coal project ‘a quagmire, not an investment’ says report

MUMBAI, INDIA: “Infrastructure firm GVK’s $10 billion Alpha coalmine, port and rail project is uneconomic and represents an unacceptable level of risk to potential investors reveals a report by US-based Institute for Energy Economics and Financial Analysis (IEEFA) titled “Stranded: A financial analysis of GVK’s proposed Alpha Coal Project in Australia’s Galilee Basin.” The report […]

June 18, 2013 Read More →
Testimony of Catherine Kunkel on behalf of West Virginia Citizen Action Group, before the WV Public Service Commission

Testimony of Catherine Kunkel on behalf of West Virginia Citizen Action Group, before the WV Public Service Commission

Testimony of Catherine Kunkel on behalf of West Virginia Citizen Action Group, before the WV Public Service Commission, Case No. 12-1655, June 18, 2013

June 18, 2013 Read More →
Press Release- Investor Alert: GVK’S US$10 billion Australian coal project uneconomic, an unacceptable risk

Press Release- Investor Alert: GVK’S US$10 billion Australian coal project uneconomic, an unacceptable risk

Financial analysis of GVK Alpha Coal Project in Queensland’s Galilee Basin concludes “probability of success remote”, “no investor should take part”. SYDNEY, 19 JUNE 2013:  “A new report released today by US-based Institute for Energy Economics and Financial Analysis (IEEFA) — ‘Stranded: A financial analysis of GVK’s proposed Alpha Coal Project in Australia’s Galilee Basin’ […]

June 18, 2013 Read More →
Green Groups Seek Higher U.S. Coal Fees After Audit

Green Groups Seek Higher U.S. Coal Fees After Audit

WASHINGTON- “The Sierra Club and the Natural Resources Defense Council said the U.S. Interior Department should charge companies that mine coal more after an audit found the federal government may be missing out on millions of dollars in payments. The Bureau of Land Management… didn’t fully account for coal’s export potential and may have missed […]

June 12, 2013 Read More →
Taxpayers Losing Money, Safety at Risk, Report Says; Congressman Will Ask IG to Testify at Hearing Next Week on PWB Coal

Taxpayers Losing Money, Safety at Risk, Report Says; Congressman Will Ask IG to Testify at Hearing Next Week on PWB Coal

  WASHINGTON – ‘Rep. Ed Markey (D-Mass.) today expressed disappointment that taxpayers are likely still losing money due to a faulty lease process in the Western U.S.’s main coal supply area in Wyoming’s Powder River Basin, according to a report released today by the Department of Interior’s Inspector General. The report also found deficiencies in the enforcement and […]

June 12, 2013 Read More →
US coal sold too low, taxpayers lose millions -government watchdog

US coal sold too low, taxpayers lose millions -government watchdog

WASHINGTON- ‘U.S. officials who administer a federal coal program have undervalued the fuel, costing taxpayers $62 million in some recent mining leases alone, said a government report released on Tuesday. About 40 percent of the coal sold in the United States is drawn from federal land and the program is administered by the Interior Department’s […]

June 11, 2013 Read More →