Archive for April, 2017

More News and Commentary

100-Day Grade: ‘A Dunce Cap for Trump”

The Independent: One of the President’s favourite policies, judging by the gusto of his rhetoric, is the desire to end what he as described as ‘America’s war on coal’ and put miners back to work. However, Tom Sanzillo, director of finance at the Institute for Energy Economics and Financial Analysis think tank, was dismissive of […]

April 30, 2017 Read More →

Editorial: Coal Jobs Are Not Coming Back

The problem is that coal has declined mostly from competition, not environmental regulation. Coal can’t compete with the abundance of cheap natural gas, much of which is produced right here in Texas. Trump can’t change this dynamic. For example, a 2016 Brattle Group report for the Texas Clean Energy Coalition found that by 2035, 85 […]

April 30, 2017 Read More →
IEEFA Extra: Why Coal Bailouts Won’t Work

IEEFA Extra: Why Coal Bailouts Won’t Work

'Inexorable' Market Forces Have Taken Root

“Anyone who watches the energy markets knows the coal industry is in serious trouble. The political rhetoric around the energy markets is higher than it’s been for years, if not decades. The truth of the matter is that nothing can reverse the market forces that are pushing coal into further decline … there’s really no […]

April 28, 2017 Read More →

Pension Fund Divestiture Grows

Financial Times: The London schemes join a small but growing number of pension funds across the world that have decided to fully or partially divest from companies that generate revenues from oil, gas and coal. Their withdrawal from these sectors comes as concerns mount that carbon-intensive businesses could incur significant financial losses as governments attempt […]

April 28, 2017 Read More →

On the Blogs: More ‘Out of the Money’ Coal Plants

ClimateWire: Many of the U.S. coal plants retired in recent years were geezers by industry standards. They trended old and small, and ran a fraction of the time. But in a vexing sign for the industry, those in the next round of retirements are decidedly middle-aged. Utilities have announced plans to close at least five […]

April 28, 2017 Read More →

Urging State-by-State Strategy, 3 Senators Introduce a Bill to End American Fossil-Fuel Dependence by 2050

Washington Post: Sens. Jeff Merkley (D-Ore.), Bernie Sanders (I-Vt.) and Edward J. Markey (D-Mass.) introduced legislation Thursday that calls on the U.S. to transition off fossil fuels by 2050, hoping to spur action on the state and local level, even as the Trump administration pushes for expanded coal, oil and natural gas production. The 100×50 […]

April 28, 2017 Read More →

FirstEnergy Continues to Be Plagued by Its Coal Entanglements

Cleveland Plain Dealer: FirstEnergy Corp. says its profits in the first three months of the year were down compared to year-ago earnings, primarily because of expenses to settle railroad coal delivery contracts it no longer needs. The company on Thursday after markets closed reported that it earned $205 million, or 46 cents per share, on […]

April 28, 2017 Read More →
IEEFA Op-Ed: 5 Reasons Puerto Rico’s Electric Debt Deal Is a Rip-Off

IEEFA Op-Ed: 5 Reasons Puerto Rico’s Electric Debt Deal Is a Rip-Off

Still Time and Space to Keep This Ruinous Scheme From Proceeding

The new debt proposal announced by Gov. Ricardo Roselló for the Puerto Rico Electric Power Authority (PREPA) and its bondholders on April 6 will make an already untenable economic situation for the island’s residents and businesses even worse. The electric system’s $9 billion debt is only one piece of Puerto Rico’s overall debt of $72 […]

April 27, 2017 Read More →

Skepticism Among Investors on Energy Policy Reversal Pushed by White House

Forbes: The 45th President of the United States might think climate change is a hoax invented by the Chinese, but there is a fair chance that the investors who put money into his hotels and casinos think it is rather more serious than that. New research from the Asset Owners Disclosure Project (AODP) reveals that […]

April 27, 2017 Read More →

On the Blogs: A New Study Pulls Its Punches, but Concedes a Dire Future for U.S. Coal Nonetheless

Bloomberg BNA: Coal will not return to dominance in the energy sector even with President Donald Trump’s regulatory rollbacks, said a new report claiming to be the first empirical study of the issue. The report, released April 25 by Columbia University’s Center on Global Energy Policy, found that implementing Trump’s executive orders to review or […]

April 27, 2017 Read More →