IEEFA Energy Finance 2016: Fast-Moving Markets Signal More Change Ahead
Energy markets are changing so fast these days that they bring an inundation of fresh headlines.
Peabody Energy, the worlds largest private sector coal company, is said to be teetering on the precipice of bankruptcy, a development of hugely symbolic importance;
China continues its trend toward less reliance on coal, further weakening global coal markets;
Arch Coal cancels its mammoth Otter Creek mine project in Montana, an indication that the dream of a U.S. West Coast coal export boom is dead;
Institutional investor funds whose managers have chosen unwisely to cling to coal holdings continue to lose money on those investments;
India doubles its tax on coal for the third time in five years, a move that adds some momentum to its electricity-generation transformation;
Coal is the commonality in all these developments, and indeed the coal industrythe decline of the coal industry, that isis making news as never before. Its a story were exploring broadly and in depth this year at Energy Finance 2016, our sixth annual conference in New York City.
Well also be getting in-depth into the rise of renewables, the battle to control distribution of solar energy, the politics of oil, the role of public campaigns in energy-development policy, the overbuilding of natural gas pipelines in the U.S., the movement toward divesture and much more.
Well be posting frequent conference updates in our commentary section here and in our news feed to the right.
Please read along us as our in-house and visiting experts make some energy news of their own this week.
Sandy Buchanan is IEEFAs executive director.
