Archive for June, 2017

More News and Commentary

IEEFA Swamp Watch: A New Coal Mine, the Russians, an Amsterdam Connection, and Trump …

IEEFA Swamp Watch: A New Coal Mine, the Russians, an Amsterdam Connection, and Trump …

Paringa Resources, Run by a Friend to the President, Aims to Add to an Oversupplied Market

Word is that a new U.S. thermal coal mine—the first since the election of Donald Trump—will break ground in Kentucky in July. Paringa Resources Limited, based in Evansville, Ind., says it has raised enough money to start construction on the proposed Buck Creek Complex Poplar Grove Mine. The company has announced also that it has […]

June 30, 2017 Read More →

Op-Ed: Why Puerto Rico Oversight Board Said No to an Electric Company Debt Restructuring That Went Easy on Creditors

Wall Street Journal:   In July 2016, Puerto Rico defaulted on its more than $70 billion of debt, putting at risk those liabilities as well as more than $50 billion in public pension obligations. Just before the default, Congress had enacted the Puerto Rico Oversight, Management and Economic Stability Act, or Promesa, which established the […]

June 30, 2017 Read More →

Oil Producers Aren’t Interested in Keystone XL Anymore

Wall Street Journal/Dow Jones Newswires: Keystone XL is facing a new challenge: The oil producers and refiners the pipeline was originally meant to serve aren’t interested in it anymore. Delayed for nearly a decade by protests and regulatory roadblocks, Keystone XL got the green light from President Donald Trump in March. But the pipeline’s operator, […]

June 30, 2017 Read More →

On the Blogs: The Risk in Partnering With Westinghouse

TheQuint.com: The Narendra Modi government sought to revive a 20 billion dollar deal for a nuclear power plant with US-based firm Westinghouse on 28 June. However, the track record of the company does not inspire confidence, say experts. The deadline for finalising contractual arrangements with India was June 2017 and it hasn’t been met yet. […]

June 30, 2017 Read More →

On the Blogs: Judge Rules Coal Industry Lawsuit Is a Diversion

ThinkProgress.org: The Fourth Circuit Court of Appeals on Thursday overturned a lower court’s ruling and determined that the Environmental Protection Agency (EPA) is appropriately analyzing the economic impact of regulations under the Clean Air Act. The case was originally brought by Murray Energy Corporation and a group of subsidiaries and other coal companies, who alleged […]

June 30, 2017 Read More →
IEEFA Report: Kayenta Mine Is Unlikely to Find  New Customers Once Navajo Generating Station Closes

IEEFA Report: Kayenta Mine Is Unlikely to Find New Customers Once Navajo Generating Station Closes

A ‘Buyer Beware’ on Peabody Energy Property; Regional Demand for Coal Is in Decline; Export-Market Possibilities Are Bleak; Previous Recent Mine Deals Have Failed

June 29, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today concluding that Peabody Energy’s Kayenta mine in northeast Arizona is not likely to find new customers or markets once its sole customer, Navajo Generating Station, closes. The Navajo Nation Council voted this week to approve a deal with […]

IEEFA Update: Rejection of PREPA Debt Restructuring That Favored Bondholders Is a ‘Good Day’ for Puerto Rico

'A Course That Will Help the Commonwealth Resolve Its Larger Fiscal Problems’

June 28, 2017 (IEEFA.org) — Analysts at the Institute for Energy Economics and Financial Analysis said today the decision on Monday by a federal oversight board to reject a creditor-friendly debt-restructuring deal for the Puerto Rico Power Authority (PREPA) was in the best interest of the U.S. commonwealth and its residents. The supervisors of the […]

Southern Co. Terminates Marquee U.S. ‘Clean Coal’ Project

Associated Press: One of the nation’s largest utilities, faced with an ultimatum from Mississippi regulators, said Wednesday that it will suspend efforts to complete a first-of-its-kind coal-fueled power plant. The move is a blow in efforts to develop coal plants that emit less carbon dioxide, which could be key to improving the health of the […]

June 29, 2017 Read More →

G20 Group Calls for Companies to Disclose Climate Risk

Reuters: A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are concerns in the financial community that assets are being mispriced because the full extent […]

June 29, 2017 Read More →

On the Blogs: U.S. Isolationism on Energy Policy Is a Gift to China

Quartz.com: There’s nothing soft and fuzzy about China’s green-energy strategy; like in everything they do, they mean business. With the cost of building large-scale solar plants dropping by as much as 40% since 2010, it makes economic sense for it to phase out coal burning and increase solar production capacity fivefold, adding another 1,000 major […]

June 29, 2017 Read More →