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    Delisting Will Move Westmoreland Coal Step Closer to Bankruptcy, Analysts Say Delisting Will Move Westmoreland Coal Step Closer to Bankruptcy, Analysts SayBloomberg ($): Ailing Westmoreland Coal Co., one of the nation’s biggest coal producers, will be delisted from the Nasdaq Stock Market April 25. That step will spook investors and nudge Westmoreland a step closer to bankruptcy, analysts said. If that happens, environmentalists fear there won’t be enough money left to pay for cleaning up the water and ...
    Two Pipeline Expansion Projects in Appalachia Indicate a Rush Toward Overbuilding Two Pipeline Expansion Projects in Appalachia Indicate a Rush Toward OverbuildingWe’ve published a report today that concludes that two natural gas pipelines proposed for construction from West Virginia into Virginia and North Carolina are indicative of a rush toward industry overbuilding. The study, “Risks Associated With Natural Gas Pipeline Expansion Across Appalachia,” examines the proposed Mountain Valley Pipeline, which would traverse West Virginia into eastern Virginia ...
    IEEFA Update: 2 Out-of-State Potential Navajo Generating Station Buyers Face Long Odds IEEFA Update: 2 Out-of-State Potential Navajo Generating Station Buyers Face Long OddsA research brief published today by the Institute for Energy Economics and Financial Analysis details six business risks that would likely prevent the Navajo Generating Station (NGS) from remaining a viable operation if it is kept open after its scheduled retirement at the end of 2019. The memo comes as talks have surfaced with potential joint ...
    Bank Alleges Fraud in Coal Company Asset Dealings Bank Alleges Fraud in Coal Company Asset DealingsS&P Global Market Intelligence ($): Fifth Third Bank has sued Revelation Energy LLC for failing to make payments on its loans and alleged that the U.S. coal producer may have fraudulently transferred assets in the company's acquisition of two large Powder River Basin mines. The bank wrote in a civil complaint filed in the U.S. District Court ...
    Major Oil Companies Aren’t the Investment They Used to Be Major Oil Companies Aren’t the Investment They Used to BeBloomberg: For generations of investors, ExxonMobil Corp. has been a cornerstone of fund managers’ portfolios alongside the biggest names in corporate America. Not so much anymore. From leading the S&P 500 Index a decade ago, the company has dropped to the ninth-largest in a top 10 now dominated by technology giants. Its rivals Royal Dutch Shell Plc and ...
    Forecast Sees 840 GW Of Global Wind By 2022 Forecast Sees 840 GW Of Global Wind By 2022Reuters: LONDON—Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows. In its annual report on the status of the global wind industry, the GWEC said ...
    IEEFA India: New National Electricity Plan Reinforces Intent Toward 275 Gigawatts of Renewables-Generated Electricity by 2027 IEEFA India: New National Electricity Plan Reinforces Intent Toward 275 Gigawatts of Renewables-Generated Electricity by 2027India’s newest power-sector blueprint, the National Electricity Plan 2018 (NEP 2018), reinforces the government’s commitment to transforming the Indian electricity sector, retaining a core target of 275 gigawatts (GW) of renewable energy by 2027. Meanwhile, a Central Electricity Authority data release that tracks the performance of the sector over the fiscal year to March 2018 shows ...
    Storage, Solar, Efficiency Get Big Boost in New York Storage, Solar, Efficiency Get Big Boost in New YorkGreentech Media: Governor Andrew Cuomo announced new energy efficiency standards for New York on Friday, calling for investor-owned utilities to achieve annual efficiency savings equal to 3 percent of sales by 2025. The new target would accelerate energy efficiency by more than 40 percent over current forecasts and reduce energy consumption by 185 trillion Btu. New York’s ...
    Disputed Enbridge Line 3 Pipeline Heads to Minnesota Regulators for Decision Disputed Enbridge Line 3 Pipeline Heads to Minnesota Regulators for DecisionAssociated Press: Minnesota regulators should approve Enbridge Energy's proposal for replacing its aging Line 3 crude oil pipeline only if it follows the existing route rather than company's preferred route, an administrative law judge recommended Monday. The proposal has drawn strong opposition because Enbridge's preferred route would carry Canadian tar sands crude from Alberta across environmentally sensitive ...
    Westmoreland Coal, Teetering Near Bankruptcy, Wants Montana to Let It Build a Bigger Mine Westmoreland Coal, Teetering Near Bankruptcy, Wants Montana to Let It Build a Bigger MineBloomberg Environment: The nation’s eighth largest coal company is spiraling deeper into financial crisis, but that’s not stopping Westmoreland Coal Co. from chasing a new mine permit in Montana. Environmentalists now dread three outcomes in succession: first, that regulators approve the permit—which would let Westmoreland widen its existing Rosebud Mine near Colstrip, Mont., by another 6,700 acres; ...