News

Competitors Don’t Like West Virginia Governor’s Proposal for Federal Subsidy to Coal Producers in His State

Bloomberg BNA: Coal companies from outside Appalachia, and the Republicans in Congress representing them, are taking a dim view of West Virginia Gov. Jim Justice’s efforts to win a $4.5 billion subsidy for eastern coal. To those non-Appalachian coal companies, Justice’s request for a $15 per ton subsidy to power plants that burn regional coal […]

August 14, 2017 Read More →

U.S. Coal Exec Sees Market Glut Continuing

SNL: “When I look at the market right now … it’s a difficult and challenging market environment,” Foresight President and CEO Robert Moore said on an earnings call. “It continues to be. It has been, and I believe that it will continue to be.” Moore said that while there has been a reduction in utility […]

August 14, 2017 Read More →

Bipartisan Move in Congress to Thwart Trade Petition Aimed at Driving Up Solar-Panel Prices

Washington Examiner: Republican and Democratic lawmakers on Friday defended U.S. installers of rooftop solar panels and made an effort to beat back a pending decision that could make imported solar panels more expensive. Bipartisan letters from 16 senators and 53 congressman were sent to International Trade Commission Chairman Rhonda Schmidtlein, and urged the agency to […]

August 14, 2017 Read More →

Kentucky Coal Producer Armstrong Energy Near Bankruptcy

SNL: With an Aug. 14 deadline looming to make an interest payment, Armstrong Energy Inc. released its second-quarter earnings with warnings to investors that it is likely to default on other debt and faces a real threat of bankruptcy. Armstrong reported a net loss of about $17.2 million for the second quarter, compared to a […]

August 14, 2017 Read More →

Q&A with NY State Comptroller: How Investors Can Manage Climate Risk Now

Environmental-Finance.com: Why is NYS Common Retirement Fund addressing climate risks? Thomas DiNapoli: Addressing climate risk is my fiduciary duty as trustee of the New York State Common Retirement Fund. Climate change is an unprecedented, material risk that affects our portfolio across virtually all asset classes, yet there is little disclosure. We want to know that […]

August 14, 2017 Read More →

Ohio, ‘for Ideological and Political Reasons,’ Ranks 46th in Utility-Scale Wind Capacity

Cleveland Plain Dealer: Ohio businesses, farmers and industries have been installing small, medium and even large wind turbines for more than a decade, and the state is now ranked sixth in the nation for the amount of power these turbines can generate for on-site use or nearby delivery. In an annual market report issued this […]

August 14, 2017 Read More →

Setback to Kinder Morgan’s Canadian Oil Sands Pipeline Project

Reuters: British Columbia will not allow Kinder Morgan Canada Ltd to begin work on public land for its Trans Mountain pipeline expansion until it “meaningfully” consults aboriginal communities, provincial officials said on Thursday.  The $5.5 billion project through British Columbia, which secured federal government approval last year, would almost triple the capacity of the current […]

August 11, 2017 Read More →

Editorial: Countering Trump’s Fiction

Daily Sentinel (Grand Junction, Colo.): As the Washington Post reported in March, at least six plants that relied on coal have closed or announced they will close since Trump’s victory in November, including the main plant at the Navajo Generating Station in Arizona, the largest in the West. Another 40 are projected to close during […]

August 11, 2017 Read More →

Layoffs at Mine That Supplied Costly Kemper ‘Clean Coal’ Experiment

Associated Press: The company that supplies lignite coal to Mississippi Power Co.’s Kemper County power plant says it will lay off 75 workers at the mine. It’s the latest fallout from the suspending the part of the plant that was supposed to gasify coal and remove pollutants. Mississippi Power has said it could lay off […]

August 11, 2017 Read More →

‘We Think Coal Is Going to Zero’

Forbes: Coal-fired power plants employ more people than mines, and they’re shutting down all over the country. Coal-fired plants employed 86,035 people in the U.S. last year. That may not seem like a huge amount in a country of some 150 million workers but it’s 16 percent more than the number employed at mines, according […]

August 11, 2017 Read More →