Archive for June, 2015

More News and Commentary

Mercury and Air Toxic Standards Rule ‘Still Intact’ After Supreme Court Ruling

Annalee Grant for SNL: MATS, U.S Supreme Court: Coal-fired power plant operators should not switch off pollution controls in light of the U.S. Supreme Court’s determination that the U.S. EPA did not properly consider cost when developing the Mercury and Air Toxics Standards rule, the Sierra Club warned. Bruce Nilles, senior director of the Sierra […]

June 30, 2015 Read More →

In Queensland Treasury Assessment, Another Blow to Adani’s Designs on Australia

Lisa Cox in the Sydney Morning Herald: Australia’s largest new coal project, one hailed by Prime Minister Tony Abbott as a poverty-busting “miracle”, is unbankable in the assessment of Queensland’s Treasury, which also has question marks over the development’s transparency. Documents released under Queensland’s freedom-of-information laws show officials at the highest level of the Queensland […]

June 30, 2015 Read More →

New York Earmarks $19 Million to Ease Retirement of Tonawanda Coal-Fired Plant

T.J. Pagnataro in the Buffalo News: The allocation of $19 million in the state budget that’s designed to help communities affected by retiring coal plants was hailed Monday by the local Just Transition coalition. The coalition has been planning for the possibility of the retirement of the Huntley Generating Plant in the Town of Tonawanda. […]

June 30, 2015 Read More →

New York Aims for 50% Renewables by 2030

Scott Waldman on CapitalNewYork.com: Half of New York’s power will come from renewable sources in the next 15 years, under a new state energy plan released Thursday. According to the plan, the state will try to reduce carbon emissions by 40 percent from 1990 levels by 2030. New York now gets just under a quarter […]

June 30, 2015 Read More →

North Carolina Church Defies State Ban on Solar Panels

Zahra Hirji from InsideClimate News: The solar panels gleaming on the roof of Zahra Hirji, InsideClimate Newsare meant to generate power—and controversy—because they defy a state law prohibiting anyone besides major utility companies from selling electricity. It’s not an outright ban on consumer solar panels, but it’s close. And it’s backed by the energy giant […]

June 30, 2015 Read More →

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 →

‘Bonding Woes Cast Cloud Over Coal’

Benjamin Storrow for the Casper Star-Tribune: Concerns over coal companies’ reclamation obligations have cast a shadow over the sector following a ruling by Wyoming regulators last month that Alpha Natural Resources no longer meets the criteria for preferred bonding status. Alpha has appealed that decision, which required the company to come up with $411 million […]

June 29, 2015 Read More →

Obama Promises to Veto GOP Congressional Move Against Clean Air Enforcement

Neela Banerjee on InsideClimate news: Congressional Republicans launched attacks on two fronts against President Barack Obama’s signature plan to cut carbon dioxide from the country’s power plants. The White House said Obama would veto both measures. In a statement issued before the House vote on the opt-out bill, designated the Ratepayer Protection Act, the administration […]

June 29, 2015 Read More →

Bankers See Growth in Yieldcos and Rooftop Solar

Amy Poszywak for SNL: John Eber, managing director and head of alternative energy investing at JP Morgan Capital Corp., said the firm is providing tax equity to a number of yieldcos, has seen a “phenomenal” amount of growth in the short time they’ve been involved and expects that to continue. “I see nothing but a […]

June 29, 2015 Read More →

Australian Fund Manager: Divestiture Is Becoming Mainstream

Clancy Yeates in the Brisbane (Australia) Times: Retirement savings funds will dump coal and other carbon-heavy investments, just as many have ditched tobacco stocks, predicts Local Government Super chief executive Peter Lambert. Last year the $9 billion fund sold all its shares in companies that make more than a third of their revenue from coal, […]

June 29, 2015 Read More →