Sentences with phrase «coal producers say»

Coal producers say they are scaling back operations and laying off thousands of workers due to fierce competition from natural gas, falling coal prices and tougher power plant regulations.

The coal producer said that net income was higher by nearly a sixth from year - ago levels, but adjusted pre-tax operating earnings dropped by double - digit percentages, and overall revenue was down 4 % compared to the first quarter of 2017.

One interesting debate was in Newcastle (NSW) where wine growers are against further coal development as the drought is damaging their vineyards and threatening jobs - but with the coal producers saying new mines are needed for local jobs.

Not exact matches

It's also difficult to buy coal futures, says Peterson, as utilities typically negotiate prices directly with the producer.

The Wyoming - based producer said that coal shipment volumes, realized prices per ton, and net income all fell sharply while average costs per ton of coal sold were markedly higher from year - earlier figures.

Shenhua Group, the country's largest coal producer and the second - largest in the world, for one, said in its latest financial report that the company's profit dropped by 13.7 percent in the first three quarters of 2014 compared with a year ago.

«It was wrong - headed thinking,» said Michael Morris, chief executive officer of American Electric Power Co., the biggest U.S. electricity producer from coal.

Power producers say that the timetable is too stringent and that such a change would disproportionately hurt the Midwest, where most of the power is generated by older coal - fired plants that are targets of the legislation.

Fredrick D. Palmer, executive vice president for legal and external affairs at Peabody Energy of St. Louis, one of the world's largest coal producers, said it was not really necessary to lobby the Bush administration on the issue, because Big Coal's interests and the administration's views were in sync from the stcoal producers, said it was not really necessary to lobby the Bush administration on the issue, because Big Coal's interests and the administration's views were in sync from the stCoal's interests and the administration's views were in sync from the start.

Showing data from financial firm Lazard and other sources, their presentation said natural gas, coal and even some nuclear power plants were the lowest - cost producers of electricity on the planet, cheaper than wind or solar.

Divestment actions must also be based on absolute thresholds that exclude all of the top coal producers and top coal plant operators,» says Schuecking.

Coal producers and some utilities say intermittent power flows can't replace the reliability of fossil - fuel plants.

While Trump's rolling back a policy that may have loomed over coal producers in coming decades, it's going to take more to overcome market forces and raise demand for the fossil fuel to a level that'll put miners back to work, coal executives and analysts say.

[1] The U.S. Chamber of Commerce's Board of Directors, which it says «determine the U.S. Chamber's policy positions on business issues and advise the U.S. Chamber on appropriate strategies to pursue,» includes representation from the fossil fuel industry such as ConocoPhillips and Consol Energy (one of the biggest coal producers in the US), large pharmaceutical companies like Pfizer and Bayer, and the tobacco company Altria (formerly Philip Morris).

That's why we're demanding that Peabody Energy, the world's largest coal producer, and Bank of America, one of its financial partners, be better corporate citizens,» says Ritter - Soronen.

In China, the report says, fossil fuels impose $ 1,790 bn in health costs from air pollution, more than 18 times what the nation pays to oil, gas and coal producers, helping to fuel a public health crisis that is already causing 1.6 million premature deaths every year.