News

Editorial: Propping Up U.S. Coal

New York Times: The fate of this boondoggle rests with the Federal Energy Regulatory Commission, an independent regulator that is not bound to do what the administration wants. Its five commissioners — three Republicans and two Democrats — ought to think carefully before casting their votes. Mr. Perry’s proposal could add around $11 billion a […]

December 8, 2017 Read More →

Study: European Coal-Fired Closures Would Save Billions

WFPL: European power companies could save billions of dollars by stepping up closure of coal-fired power plants as nearly all of them will be loss-making in Europe by 2030, think-tank Carbon Tracker Initiative says. Coal power should be phased out in the European Union by 2030 to meet the Paris Agreement’s target to limit the […]

December 8, 2017 Read More →

Bay Area Transit Agency in Shift to Renewables

San Francisco Examiner: BART will soon be powered almost entirely by renewable energy. The transportation system will be 90 percent powered by wind, solar and other renewables by 2021, after the BART Board of Directors on Thursday approved two 20-year renewable energy power purchase agreements. Though BART’s growing electricity needs will seen that percentage lessen […]

December 8, 2017 Read More →

U.S. Tax Proposals Could Slow National Uptake of Renewables

New York Times: The Republican tax bills moving through Congress could significantly hobble the United States’ renewable energy industry because of a series of provisions that scale back incentives for wind and solar power while bolstering older energy sources like oil and gas production. The possibility highlights the degree to which the nation’s recent surge […]

December 8, 2017 Read More →

Odds Are Against Completion of Australia Mega-Mine Project

The Guardian: Adani’s operations in Australia appear to be hanging on by a thread, as activists prove effective at undermining the company’s chances of getting the finance it needs. China seems to have ruled out funding for the mine, which means it’s not just Adani’s proposed Carmichael coalmine that is under threat, but also its […]

December 7, 2017 Read More →

‘Bearish Fundamentals’ Diminish Hopes for U.S. Coal-Export Renaissance

SNL: The export market for U.S. thermal coal continues to gain strength but is likely only a temporary boost given the bearish long-term fundamentals for domestic consumption, several speakers at an industry event said Dec. 5. Emily Medine, a principal with Energy Ventures Analysis, said at the American Coal Council’s annual Coal Trading Conference in […]

December 7, 2017 Read More →

Capitalizing on ‘New Frontier,’ Biggest U.S. Utility Partners in Energy-Storage Venture

Power Engineering: The nation’s largest utility holding company and a major lithium supplier are partnering up to create a new company designed to connect investors with well-researched opportunities in the energy storage sector. Exelon Corp. and Albemarle Corp. announced Wednesday that they were founding investors in Volta Energy Technologies. The new Napierville, Illinois-based firm seeks […]

December 7, 2017 Read More →

General Electric, Citing Shrinking Demand for Fossil-Fuel Generated Power, Announces 12,000 Layoffs

Reuters: General Electric Co is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. The U.S. company launched the cuts to save $1 billion in 2018, saying it expected dwindling demand for fossil fuel power plants to continue. “Traditional power markets including […]

December 7, 2017 Read More →

Investors Grow Weary of U.S. Shale Losses

Wall Street Journal: Twelve major shareholders in U.S. shale-oil-and-gas producers met this September in a Midtown Manhattan high-rise with a view of Times Square to discuss a common goal, getting those frackers to make money for a change. In the months since, shareholders have put the screws to shale executives in ways that are changing […]

December 7, 2017 Read More →

U.S. Coal, Nuclear Industries Seek Billions in Tax-Credit Bailouts

Axios: Two separate lobbying pushes are underway urging Congress to create new multi-billion dollar tax credits benefiting virtually all coal and nuclear power plants across the United States. The price tags: up to $65 billion for coal and $4.8 billion for nuclear. The efforts show the aggressive lengths companies are going trying to survive in […]

December 7, 2017 Read More →