News

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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Coal ‘Death Slide’ Manifested Large in Montana

KGVO Billings: There has been a mighty effort to save Colstrip Units 1 and 2 and stave off the elimination of hundreds of jobs, and millions in tax revenue, however one energy economist says the effort is futile because coal is in a death spiral. David Schlissel is with the Institute For Energy Economics and […]

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FirstEnergy Continues to Reel From Bad Bets on Coal

E&E News: Months after announcing plans to exit the competitive generation business, FirstEnergy Corp. continues to be punished by a long-term bet the company made on coal years earlier. In a Securities and Exchange Commission filing yesterday, the Akron-based utility said an arbitration panel ruled it breached a coal delivery contract by cancelling a decade […]

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