Subject

More News and Commentary

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Read More →

Duke Energy Expands Plan to Move to Cleaner Electricity Generation

Associated Press: Any jump in coal production promised by President Donald Trump will not come from the largest U.S. electricity company, which is planning a steady move out of the fuel still key to producing power. Duke Energy Corp. reports Thursday that about 34 percent of the electricity used by customers in the Carolinas, Florida, […]

Read More →

By Starting a Trade War With Canada, Trump Deals U.S. Coal Industry Another Blow

Bloomberg: U.S. coal has become entangled in a trade war between the U.S. and Canada over lumber. British Columbia Premier Christy Clark urged Canadian Prime Minister Justin Trudeau in an open letter Wednesday to ban U.S. coal shipments from the country’s westernmost province in retaliation for the Trump administration’s new tariffs on softwood lumber. The […]

Read More →