Most Popular Stories

    IEEFA Extra: Why Coal Bailouts Won’t Work IEEFA Extra: Why Coal Bailouts Won’t Work“Anyone who watches the energy markets knows the coal industry is in serious trouble. The political rhetoric around the energy markets is higher than it’s been for years, if not decades. The truth of the matter is that nothing can reverse the market forces that are pushing coal into further decline … there’s really no ...
    IEEFA Update: An Increasingly Cursed Australian Coal Project IEEFA Update: An Increasingly Cursed Australian Coal Projectupdate on Adani’s long-festering coal mine project in northern Queensland that plumbs the depths of the Indian conglomerate’s financials and finds them vastly insufficient for the supposed job at hand. Our report— “Adani: Remote Prospect: Carmichael Status Update 2017”—follows on previous work we’ve done around what would be the biggest new coal mine in the world. While ...
    On the Blogs: More ‘Out of the Money’ Coal Plants On the Blogs: More ‘Out of the Money’ Coal PlantsClimateWire: 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 coal plants ...
    Pension Fund Divestiture Grows Pension Fund Divestiture GrowsFinancial 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 to ...
    IEEFA Op-Ed: 5 reasons Puerto Rico’s Electric Debt Deal Is a Rip-Off IEEFA Op-Ed: 5 reasons Puerto Rico’s Electric Debt Deal Is a Rip-OffThe new debt proposal announced by Gov. Ricardo Roselló for the Puerto Rico Electric Power Authority (PREPA) and its bondholders on April 6 will make an already untenable economic situation for the island’s residents and businesses even worse. The electric system’s $9 billion debt is only one piece of Puerto Rico’s overall debt of $72 billion ...
    By Starting a Trade War With Canada, Trump Deals U.S. Coal Industry Another Blow By Starting a Trade War With Canada, Trump Deals U.S. Coal Industry Another BlowBloomberg: 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 move sent ...
    Urging State-by-State Strategy, 3 Senators Introduce a Bill to End American Fossil-Fuel Dependence by 2050 Urging State-by-State Strategy, 3 Senators Introduce a Bill to End American Fossil-Fuel Dependence by 2050Washington 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 Act would ...
    Coal ‘Death Slide’ Manifested Large in Montana Coal ‘Death Slide’ Manifested Large in MontanaKGVO 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 Financial Analysis ...
    Duke Energy Expands Plan to Move to Cleaner Electricity Generation Duke Energy Expands Plan to Move to Cleaner Electricity GenerationAssociated 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, Ohio, Kentucky ...
    FirstEnergy Continues to Be Plagued by Its Coal Entanglements FirstEnergy Continues to Be Plagued by Its Coal EntanglementsCleveland 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 sales totaling ...