Archive for June, 2014

More News and Commentary

IER report intensifies debate over economic importance of coal fleet

IER report intensifies debate over economic importance of coal fleet

By Darren Epps, SNL Financial – “A June 25 report commissioned by the pro-fossil fuel Institute for Energy Research [IER] outlined ominous scenarios if U.S. coal-fired power plants continue to close, saying policies that hurt the U.S. coal fleet could increase wholesale electric rates by as much as 80%. Tom Sanzillo, director of finance for […]

June 27, 2014 Read More →
Report: Prairie State Power Plant bad business deal

Report: Prairie State Power Plant bad business deal

WPSD Local 6: Your news, weather, and sports authority By Robert Bradfield, WPSD News Channel 6- PADUCAH- “The Prairie State Power Plant in southern Illinois was a poor investment for Paducah Power, according to a 32 page report from the Institute for Energy Economics and Financial Analysis. The report says the promises of a low […]

June 27, 2014 Read More →
NC Senate approves ash-pond cleanup schedule for Duke Energy

NC Senate approves ash-pond cleanup schedule for Duke Energy

By Bruce Henderson, News Observer -RALEIGH – “The N.C. Senate gave tentative approval Tuesday to a bill that makes Duke Energy close its 33 coal ash ponds in the state within 15 years, but it blocked a vote on shifting costs away from consumers. The measure passed 45-0 on its second reading after sailing through […]

June 25, 2014 Read More →
How former Citigroup analyst Tim Buckley became the new face of anti-coal activism

How former Citigroup analyst Tim Buckley became the new face of anti-coal activism

Jamie Freed and Nassim Khadem, The Financial Review – MELBOURNE  –   “Meet the new face of anti-coal activism. Tim Buckley, a former head of equity research at Citigroup, once spent his days modelling conglomerates like Wesfarmers, which has a coalmining business. Now he works for the US-based pro-renewable energy group Institute for Energy Economics […]

June 25, 2014 Read More →
Banks want to divest: analyst

Banks want to divest: analyst

By John Conroy, Business Spectator – AUSTRALIA – “A former head of equity research at Citibank, and now director of energy resource studies, Australasia, at pro renewable US group the Institute for Energy Economics and Financial Analysis, says Australia’s big four banks are open to the idea of coal investment but are frightened by the […]

June 25, 2014 Read More →
Press release: Dudgeon Point Coal Export Terminal Development Lapses

Press release: Dudgeon Point Coal Export Terminal Development Lapses

 SYDNEY// 21 June, 2014: The proposal to develop a 180 million tonne per annum coal export facility at Dudgeon Point in Queensland has been cancelled. Dudgeon Point is one of a number of multi-billion dollar Queensland coal export terminal proposals that have been relinquished over the last two years. This highlights the rapid deterioration in […]

June 21, 2014 Read More →
VOICES: NC coal ash bill is Duke Energy’s pass to pollute

VOICES: NC coal ash bill is Duke Energy’s pass to pollute

By Monica Embrey, Institute for Southern Studies – DURHAM – “Once again, the North Carolina legislature has demonstrated its coziness with Duke Energy. A Senate Bill (SB729) introduced this week falls far short of demanding comprehensive cleanup of North Carolina’s coal ash and instead provides the utility with a pass to pollute. In early February, […]

June 20, 2014 Read More →
New EPA Rules Are a Boon for Fossil Fuel Industry

New EPA Rules Are a Boon for Fossil Fuel Industry

By Jessica Desvarieux, TheRealNews.com – BALTIMORE – “Earlier this month, the Environmental Protection Agency presented new rules to regulate emissions from existing coal power plants, which are the largest source of carbon pollution. While many environmentalists have been calling the proposed new rules a victory, Republicans and some Democrats have labeled the regulations a war […]

June 16, 2014 Read More →
Australia: German bank rebuffs Indian firm over reef dumping

Australia: German bank rebuffs Indian firm over reef dumping

By Rowena Dela Rosa Yoon, Asian Correspondent – “The Deutsche Bank of Germany announced it will not lend money to the Indian mining firm Adani Group to finance the development of Abbot Point Terminal I. The decision came after an AGM held on Thrusday…. Adani is one of the last remaining investors standing for the port […]

June 13, 2014 Read More →
With coal mines shuttering, why is Whitehaven betting on Maules Creek?

With coal mines shuttering, why is Whitehaven betting on Maules Creek?

By Paddy Manning, Crickey.com – NEW SOUTH WALES – “Whitehaven Coal’s Maules Creek coal mine in northern New South Wales is back in the news, with conservationists seeking an emergency injunction to stop winter clearing of the Leard State Forest. Whitehaven insists it is sticking to an approved biodiversity management plan, and a verdict is […]

June 12, 2014 Read More →