At the same time, another climate drama is playing out with much less attention
as coal companies make plans to export huge quantities to Asia by way of Pacific Northwest ports.
Today's move could potentially boost carbon - intensive industries, such
as coal companies and heavy manufacturers, while reducing demand for low - carbon alternatives.
to support those plants if it fears that,
as the coal companies argue, an entire category of generating resources could retire.
Major investors such as Norway's sovereign wealth fund — the world's biggest — have already begun selling off high - carbon stocks such
as coal companies.
Not exact matches
U.S.
coal exports to Asia have also risen in recent months
as ailing U.S. mining
companies search for alternatives to the weak domestic market.
In northeastern England, a battle is raging between grass roots campaigners and a
company intent on digging a new open cast mine
as world
coal prices soar.
Adani Group, controlled by the billionaire Gautam Adani, said it will now plan to finance the vast Carmichael
coal project on its own, but the
company faces an uphill struggle
as both governments and major banks adopt a harder line towards new
coal projects, citing the impact of
coal - fired power on climate change.
U.S. authorities have repeatedly targeted
companies and individuals from the Chinese city of Dandong, which borders North Korea, in a bid to cut off Pyongyang's major export revenue from selling natural resources, such
as coal.
The direct impact on listed
companies may be limited
as trade between China and its isolated northern neighbour has slowed substantially since the United Nations imposed a ban in September on North Korean exports of
coal, iron, iron ore, lead, lead ore and seafood.
The reason to take a close look at this
company is twofold: it's one of the most diversified miners around, so one commodity's underperformance shouldn't have
as significant an impact on the
company as it would if it was just a
coal or iron ore producer.
NEW YORK, April 1 - FirstEnergy Corp said late on Saturday its nuclear and
coal power plant units filed for bankruptcy court protection
as the
company looks to restructure, sell assets and win government support to cope with competitors using lower - cost natural gas.
Chinese engineering
companies, banks and shipyards are all muscling into LNG, typically the preserve of Western, Japanese and South Korean players,
as government
coal - to - gas switching policies make LNG an increasingly strategic fuel.
The
company, one of the largest metallurgical
coal producers in the U.S., had nearly
as much in debt
as it had assets and, thanks to plummeting prices, its balance sheet was simply under too much pressure.
The United Nations Security Council blacklisted dozens of ships and shipping
companies on Friday over oil and
coal smuggling by North Korea, boosting pressure on Pyongyang
as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts.
Jim Cramer checks in with Vistra Energy CEO Curtis Morgan, who says
coal is on its way out
as his
company looks for other renewable energy sources.
But the struggle continues
as U.S. thermal
coal companies become increasingly desperate to send their product to power plants in Asia.
It expected that
companies with high financial leverage and refinancing demand would take a hit, tipping five stocks
as especially vulnerable: China Eastern Airlines, China Southern Airlines, Yanzhou
Coal, Huadian Power and Huaneng Power.
The Energy sector consists of
companies involved in the exploration, production, or management of energy resources such
as oil, gas, and
coal,
as well
as companies that service these industries.
Southern
Company has been making a lot of the right moves in my opinion from abandoning the Clean Coal Project to looking to position themselves as a clean energy c
Company has been making a lot of the right moves in my opinion from abandoning the Clean
Coal Project to looking to position themselves
as a clean energy
companycompany.
As for the Kemper Clean
Coal project the
company decided to scrap the project and instead decided to turn it into a natural gas powered facility.
And
as coal investors have fled in droves to invest in more profitable
companies and industries,
coal workers have been left with pink slips and mortgages on houses with few buyers in blighted
coal country.
Darin Kingston of d.light, whose profitable solar - powered LED lanterns simultaneously address poverty, education, air pollution / toxic fumes / health risks, energy savings, carbon footprint, and more Janine Benyus, biomimicry pioneer who finds models in the natural world for everything from extracting water from fog (
as a desert beetle does) to construction materials (spider silk) to designing flood - resistant buildings by studying anthills in India's monsoon climate, and shows what's possible when you invite the planet to join your design thinking team Dean Cycon, whose coffee
company has not only exclusively sold organic fairly traded gourmet coffee and cocoa beans since its founding in 1993, but has funded dozens of village - led community development projects in the lands where he sources his beans John Kremer, whose concept of exponential growth through «biological marketing,» just
as a single kernel of corn grows into a plant bearing thousands of new kernels, could completely change your business strategy Amory Lovins of the Rocky Mountain Institute, who built a near - net - zero - energy luxury home back in 1983, and has developed a scientific, economically viable plan to get the entire economy off oil,
coal, and nuclear and onto renewables — while keeping and even improving our high standard of living
What these dry government numbers leave out is the effect on
coal workers and their families
as coal mines close and one major
coal company after another files for bankruptcy.
These forward - looking
companies recognize that using natural gas, efficiency, and renewable energy are more profitable than retrofitting
coal - fired plants — which are seen
as being obsolete, inefficient, and highly polluting.
BHP Billiton said on Thursday jobs could go at its Australian
coal mines
as the
company faces a deteriorating market, the latest sign of global miners scaling back operations due to slowing industrial activity in China.
The drop in shares of another
coal company, Peabody Energy, had not been
as bad
as that of Alpha Natural.
Glencore was formed 40 years ago
as a physical commodities trader (that is, the
company buys and sells vessel - loads of
coal, for example, instead of «paper trading» futures and forward contracts).
In addition to the
Company's mining operations, the
Company markets and broker
coals from its operations and other
coal producers, both
as principal and agent, and trade
coal and freight - related contracts through trading and business offices.
Interior officials said the rule would cause only modest job losses in
coal country and could even create jobs
as companies hire construction crews to haul and store debris.
If
coal is to Australian politics
as pipelines are to Canada's, the head of the country's largest
coal - fueled energy
company has just done the...
The Alberta - based
company's facilities run on a number of different sources, such
as natural gas, wind, and
coal.
Yankuang, China's fourth largest state - owned resources
company, lost 20 billion yuan ($ 4.2 billion) last year
as the price of
coal hit a 12 year low.
The outlook is less clear for railroad
companies exposed to commodities such
as coal and iron ore,
as falling prices raise questions over haulage volumes.
One Rounds was Station Master at the train depot, another ran the
coal company, and Jacob served several terms
as Town Supervisor starting in 1859.
«
Coal is good for air quality»
as an advert, carries a lot more weight if it is endorsed by the World Health Organisation than if it's endorsed by a mining
company.
As of 2008, the company had sold 130 million bulbs; the resulting pollution reduction through energy savings is the same as that of two large coal - fired power plant
As of 2008, the
company had sold 130 million bulbs; the resulting pollution reduction through energy savings is the same
as that of two large coal - fired power plant
as that of two large
coal - fired power plants.
Echoes of «keep it in the ground» One former official interpreted Obama's remarks
as being aimed at either raising the cost of
coal through BLM's leasing process or making it off - limits to
coal companies altogether.
He noted that U.S.
coal companies are already positioning themselves to boost exports, especially to energy - consumptive countries like China,
as domestic demand for
coal continues to drop off.
No jobs will be lost
as the
company weans itself off
coal, Georgia Power spokesman Mark Williams said.
Coal companies should take a proactive strategy and talk about solutions, such
as carbon capture utilization and storage (CCUS) technology, Reavey said.
Vattenfall has high hopes for clean
coal, but the
company regards this process
as a bridge to renewable - energy technologies rather than a permanent solution to climate change.
Without a level playing field and a steady price on carbon,
companies can not assess whether advanced technologies such
as «clean
coal» power plants or electric vehicles will ever make economic sense.
«It should be noted that many of the CEOs in those key state - owned
coal companies are at the same governmental ranking
as top officials in the National Energy Administration,» said Tu.
Banks suggests that reconciling those rights agreements could lead to a shift in the way
coal mining
companies view methane gas, treating it
as a potential source of revenue rather than a fugitive gas to be dealt with
as a safety or environmental concern.
Though the federal government is doubling down on
coal, electric power
companies are embracing less - polluting natural gas, wind and solar power
as the cost of generating electricity from those sources falls.
As electricity use spikes across the country in the summertime when more people use air conditioning, electric power
companies turn to more
coal and natural gas power plants to help meet the demand, reducing renewables» share of total U.S. power generation, Comstock said.
Instead, the
company will use high - sulfur
coal — mined mostly in Pennsylvania, Ohio, and West Virginia — and will then pull the sulfur out
as part of the CCS process.
Though he hasn't provided many specifics, Trump has publicly said he is eager to streamline the process and make it
as easy
as possible for energy
companies to extract fossil fuels from public lands, which are the source of about 24 percent of America's fossil fuels, including about 40 percent of all the
coal produced in the U.S.
Residents there do not know what is owed them by the government,
as it takes away land and awards it to India's biggest energy
companies to generate
coal - fired electricity and power distant megacities, advocates say.
However, in its latest annual report, Peabody Energy Corp., the largest private - sector
coal company, cited divestment efforts
as a business risk.