News

HSBC Says No to Financing New Coal Plants

Business Green: HSBC, the biggest bank in Europe, has today announced it will stop financing coal-fired power stations, oil sands and Arctic offshore drilling projects in a move to support the low-carbon economy. Announced ahead of the bank’s annual meeting today, the decision is likely an attempt to ease pressure from activist investors keen to see […]

April 20, 2018 Read More →

FERC to Review Natural Gas Pipeline Permitting Policies

Bloomberg: U.S. energy regulators embarked upon a wide-ranging review of how interstate natural gas pipelines are approved, amid concerns that current guidelines have become outdated following the shale boom. The Federal Energy Regulatory Commission will examine the use of eminent domain, how the need for a pipeline is assessed and the extent to which greenhouse […]

April 20, 2018 Read More →

U.K. Sets New Record for Coal-Free Generation

The Independent: Britain has gone more than two days without using any coal-fired power for the first time in more than a century. The record run of almost 55 hours of coal-free electricity generation between Monday and Thursday is a mark of the fossil fuel’s “rapid decline,” experts said. It is the first time the nation […]

April 20, 2018 Read More →

Walmart Takes Big Steps Toward Meeting Renewable Goals

Solar Industry: Moving closer to its 2025 goal of being supplied globally with 50% renewable energy, Walmart plans to more than double the amount of renewable energy it uses in the U.S. and increase the percentage of global electricity needs supplied by renewable sources above the current 28%. The new initiatives include the expansion of on-site solar […]

April 20, 2018 Read More →

Australia Moves Closer to Resolving Long-Running Energy, Environmental Disputes

Reuters: Australia moved a step closer on Friday to ending a decade of political bickering over climate and energy policy, with broad support emerging for a national power plan that would also include emissions cuts. State energy ministers agreed to push ahead with a detailed design for a National Energy Guarantee, as proposed by the […]

April 20, 2018 Read More →

U.S. Coal Producers About to Lose More Business

S&P Global Market Intelligence ($): U.S. coal producers will soon need to find new customers or mine less coal, as a sizable chunk of the sector’s 2017 deliveries went to customers with plans to retire their operations within four years. About 27.7 million tons, equal to 3.6% of the coal produced in the United States […]

April 20, 2018 Read More →

Renewable Energy Development in India Gets Big Boost From New Green Fund

Reuters: LONDON—Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India. The fund, named Green Growth Equity Fund (GGEF), was launched with an initial war chest of 240 million pounds shared equally by […]

April 19, 2018 Read More →

IRENA: Renewable Energy Investment Can Boost Jobs and Cut Carbon Emissions

Clean Technica: The speed of global renewable energy adoption needs to increase by at least a factor of six if the world is to meet the goals set out in the Paris Climate Agreement, but which would also result in the growth of the global economy and global welfare, according to a new report from […]

April 19, 2018 Read More →

Drop in Domestic Coal Use Cuts Into CSX Revenue

S&P Global Market Intelligence ($): Domestic natural gas competition contributed to a year-over-year drop in coal revenue for CSX Corp. in the first quarter, but the company said it will “run the wheels off the railcars” to move as much export coal as possible to meet high overseas demand. CSX shipped 12.3 million tons of coal to […]

April 19, 2018 Read More →

Trump Team Looks to War Statute to Help Coal Industry

Bloomberg:  Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using the same statute to keep struggling coal […]

April 19, 2018 Read More →