«The Port Authority has absolute power to approve
expanded coal exports from publicly owned Port lands, and it refuses to acknowledge that those decisions have an impact on surrounding communities.
Obama has authorized expanded coal mining in Montana, and there will be a push to
expand coal export terminals for exports to Asia.
Not exact matches
As U.S. domestic demand for
coal decreases, the pressure to
expand U.S.
coal exports increases.
As domestic demand increases for both thermal and metallurgical
coal, China is expected to curtail
exports, possibly
expanding markets for other regional players like India, Australia and Indonesia.
For example, Abbot Point could be
expanded further to accommodate the Alpha North
Coal Project, another recently approved scheme to extract and export coal from the Galilee ba
Coal Project, another recently approved scheme to extract and
export coal from the Galilee ba
coal from the Galilee basin.
But
expanding coal - fired power generation in the
exporting provinces is likely to degrade air quality in western regions, escalating inequality and increasing the environmental and ecological stress between power importing and
exporting provinces.
It was reported that the agreement deal, which will give Peabody access to multiple terminals, will
expand the company's Gulf Coast
coal export capacity to a range of 5 million to 7 million tons per year between 2014 and 2020.
In the US,
coal producers increased
exports to counter the domestic downturn and sought to
expand overseas production capacity which could supply the booming Asian region.
Peabody's strategy has been to seek an involvement in
coal projects in Mongolia with the aim of
exporting to the Chinese market,
expand its Australian operations, enter the Indonesian market and look to
expand exports from its Powder River Basin mines in the U.S. to supply the Pacific market.
Coal exports will
expand exponentially, liquefied natural gas will flow out of northern ports, the public will be massaged toward accepting oil pipelines either through the north, the south or both.
The switch has been driven by falling
coal prices as Asian demand has slowed, the US has replaced some
coal with shale gas and mining capacity has
expanded in top
exporting nations like Indonesia and Australia.
So a increase of interconnector capacity in itself s unlikely to
expand coal power
export.
And when Obama is ousted new
coal exporting facilities will be built and old ones
expanded so hold on to your
coal stocks.