«Three of France's biggest banks have taken the unusual step of writing letters committing not to
fund coal projects in Australia's Galilee Basin, in a potential blow for the three big projects slated for the region.
Ten years later, it's entirely normal for financial institutions to announce that they will no longer
fund coal projects, and for major national governments to join an alliance with the self - explanatory title Powering Past Coal.
The World Bank Group has just agreed to stop
funding coal projects.
They are working to protect communities from toxic coal ash, end mountain top removal, get the World Bank to stop
funding coal projects, put existing mining protections into action, eliminate dirty coal subsidies, halt the development of liquid coal, and expose false solutions like carbon capture and sequestration.
Not exact matches
Local company Prairie Mining has raised $ 15 million from UK - based CD Capital for the development of its Lublin
coal project, with the potential for the private equity
fund to invest a further $ 68 million.
Junior miner Jameson Resources says it has received firm commitments for a $ 2 million capital raising to
fund work at its flagship Crown Mountain coking
coal project in British Columbia.
They also want the pact to protect multilateral
funding for international
coal projects through bodies like the World Bank.
Over a year which has seen large banks halt
funding for fossil fuel
projects, major institutions divest from oil, gas and
coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.
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
Through a # 3.5 million contribution to the European Union Near Zero Emissions
coal Initiative, the government is part -
funding a
project in China testing CCS technology.
Similar examples of the federal government at work range from the creation of an industry for producing natural gas from
coal seams to the ongoing Advanced Research
Projects Agency — Energy (ARPA - E), a small - scale
funding agency with outsized ambitions.
Perhaps that's why Southern Co., has announced it will no longer
fund a proposed
project to use such amines to capture CO2 at a
coal - fired power plant in Alabama, despite securing $ 295 million from the federal government to do so (or roughly 100 times what UTC received).
Although injection into deep rock formations has proceeded without difficulty at a pilot
project at the Mountaineer
coal - fired power plant in West Virginia — 3,000 metric tons have been stored so far, says Gary Spitznogle of American Electric Power, which owns the facility — public opposition halted a similar government -
funded project in Ohio.
Reduced spending for «clean
coal» research The White House spending plan cuts
funding for DoE's fossil - energy program, directing
funds toward «clean
coal»
projects and eliminating spending for oil technology research.
The U.S. Department of Energy (DoE) has invested more than $ 3 billion since 2001 to
fund multiple CCS
projects being conducted by seven regional partnerships, including demonstrations of ammonia capture technology at the massive
coal - fired Pleasant Prairie power plant in Kenosha County, Wisc., and the R. E. Burger plant in Shadyside, Ohio.
To support its research into the recovery of REEs from
coal and
coal byproducts, the U.S. Department of Energy's National Energy Technology Laboratory (NETL) in December 2015 awarded the Birmingham - based organization $ 1 million in Phase 1
funding for the
project.
NETL is providing
funding for a total of 10
projects that focus on developing cost - effective and environmentally benign methods for recovering REEs from domestic
coal.
New York (catalogue) Original Gagosian Gallery, New York New Portraits Blum & Poe, Tokyo (catalogue) Fashion Nahmad Contemporary, New York (catalogue) 2014 New Figures Almine Rech Gallery, Paris (catalogue) New Portraits Gagosian Gallery, New York It's a Free Concert Kunsthaus Bregenz, Bregenz (catalogue) Canal Zone Gagosian Gallery, New York Richard Prince / Roe Ethridge Gagosian Gallery, New York (catalogue) 2013 Monochromatic Jokes Nahmad Contemporary, New York (catalogue) Protest Paintings Skarstedt Gallery, London (catalogue) Untitled (band) Le Case D'Arte, Milan Richard Prince: New Work Jürgen Becker, Hamburg (catalogue) Cowboys Gagosian Gallery, Beverly Hills (catalogue) Sadie Coles HQ, London 2012 White Paintings Skarstedt Gallery, New York (catalogue) Four Saturdays Gagosian Gallery, New York 14 Paintings 303 Gallery, New York (catalogue) Prince / Picasso Picasso Museum, Malaga (catalogue) 2011 The Fug Almine Rech Gallery, Brussels (catalogue) Covering Pollock Guild Hall, Easthampton The Magic Castle 1968 - 1969 Le Consortium, Contemporary Art Center, Dijon (catalogue) Gagosian Gallery, Hong Kong de Kooning Gagosian Gallery, Paris (catalogue) American Prayer Bibliothèque nationale de France, Paris (catalogue) Bel Air Gagosian Residence, Los Angeles 2010 Pre-Appropriation Works, 1971 — 1974 Specific Objects, New York T - Shirt Paintings: Hippie Punk Salon 94, New York (catalogue) Tiffany Paintings Gagosian Gallery, New York (catalogue) 2009 After Dark Gagosian Gallery, New York 2008 Canal Zone Gagosian Gallery, New York (catalogue) Galerie Patrick Seguin, Paris (catalogue) Continuation Serpentine Gallery, London Four Blue Cowboys Gagosian Gallery, Rome Gagosian Gallery, London Spiritual America Walker Art Center, Minneapolis 2007 Spiritual America Solomon R. Guggenheim Museum, New York (catalogue) Panama Pavilion 52nd Venice Biennale, Venice Fugitive Artist: The Early Work of Richard Prince, 1974 - 77 Neuberger Museum of Art, Purchase Canaries in the
Coal Mine Astrup Fearnley Museum, Oslo (catalogue) 2006 Cowboys, Mountains, and Sunsets Sprüth & Magers, Cologne The Portfolios Jürgen Becker, Hamburg Cowboys & Nurses John McWhinnie at Glenn Horowitz, New York 2005 Hippie Drawings Sadie Coles HQ, London (catalogue) Whitechapel Gallery, London Barbara Gladstone Gallery, New York Check Paintings Gagosian Gallery, Beverly Hills (catalogue) 2004 American Dream, Collecting Richard Prince for 27 Years Rubell Family Collection, Miami (catalogue) Sammlung Goetz, Munich (catalogue) Galerie Eva Presenhuber, Zurich (catalogue) Women Regen
Projects, Los Angeles (catalogue) 2003 Nurse Paintings Barbara Gladstone Gallery, New York (catalogue) Upstate Sabine Knust, Munich New Work Glenn Horowitz Bookseller, East Hampton Publicities Hydra Workshop, Hydra Island (catalogue) Nurse Paintings Sadie Coles HQ, London 2002 Barbara Gladstone Gallery, New York (catalogue) Principal Painting and Photographs Kunstmuseum Wolfsburg, Wolfsburg Painting Kunsthalle Zürich, Zurich Patrick Painter, Inc., Santa Monica 2001 Museum für Gegenwartskunst, Basel (catalogue) Publicities Sadie Coles, HQ, London (catalogue) Regen
Projects, Los Angeles Photographs 1977 - 1979 Skarstedt Fine Art, New York (catalogue) Galerie Micheline Szwajcer, Antwerp Neue Galerie im Höhmann - Haus, Augsburg 2000 Princeville Partobject Gallery, Carrboro Barbara Gladstone Gallery, New York Photographs, Paintings Jablonka Galerie, Cologne 4x4 MAK, Vienna Up - state MAK Center for Art and Architecture, Schindler House, Los Angeles 1999 Paintings 1988 - 1998 Sadie Coles HQ, London 1998 Regen
Projects, Los Angeles Joke Paintings Skarstedt Fine Art, New York Psychoarchitecture: Richard Prince, Martin Kippenberger Anton Kern Gallery, New York Barbara Gladstone Gallery, New York Sabine Knust - Maximilian Verlag, Munich Stills Ltd., Edinburgh 1997 The White Room Jürgen Becker, Hamburg; Parco, Tokyo White Cube, London Museum Haus Lange / Museum Haus Esters, Krefeld Cowboys and Cowgirls Espace d'Art Yvonamor Palix, Paris 1996 Sabine Knust - Maximilian Verlag, Munich Passion Play Haus der Kunst, Munich New Works Jablonka Galerie, Cologne 1995 Paintings Barbara Gladstone Gallery, New York Theoretical Events, Naples Regen
Projects, Los Angeles 1994 Photographs 1977 - 1993 Kestner Gesellschaft, Hanover (catalogue) Offshore Gallery, East Hampton 1993 Galerie Micheline Szwajcer, Antwerp Fotos, Schilderijen, Objecten Museum Boijmans Van Beuningen, Rotterdam Girlfriends Jablonka Galerie, Cologne (catalogue) Barbara Gladstone Gallery, New York San Francisco Museum of Modern Art, San Francisco First House Stuart Regen
Projects, Los Angeles 1992 Kunstverein and Kunsthalle, Dusseldorf Whitney Museum of American Art, New York (catalogue) Protest Paintings Sabine Knust - Maximilian Verlag, Munich Beaver College Art Gallery, Glenside Works on Paper Le Case d'Arte, Milan 1991 Barbara Gladstone Gallery, New York Galleri Nordanstad — Skarstedt, Stockholm Galerie Ghislaine Hussenot, Paris Stuart Regen Gallery, Los Angeles 1990 Jokes, Gangs, Hoods Galerie Rafael Jablonka and Galerie Gisela Capitain, Cologne Galerie Micheline Szwajcer, Antwerp Arthur Roger Gallery, New Orleans 1989 Spiritual America IVAM Center del Carme, Valencia (catalogue) Sculpture Barbara Gladstone Gallery, New York Paintings Jay Gorney Modern Art, New York Barn Gallery, Ogunquit Daniel Weinberg Gallery, Los Angeles 1988 Galerie Rafael Jablonka, Cologne Barbara Gladstone Gallery, New York (catalogue) Centre National d'Art Contemporain de Grenoble, Grenoble Le Case d'Arte, Milan Galerie Ghislaine Hussenot, Paris Messages to the Public: Tell Me Everything Public Art
Fund, Times Square, New York 1987 Galerie Isabella Kacprzak, Stuttgart Daniel Weinberg Gallery, Los Angeles 1986 International with Monument, New York Feature Gallery, Chicago 1985 International with Monument, New York Richard Kuhlenschmidt Gallery, Los Angeles 1984 Riverside Studios, London Feature Gallery, Chicago Baskerville + Watson, New York 1983 Le Nouveau Musée, Lyon (catalogue) Le Consortium, Contemporary Art Center, Dijon Institute of Contemporary Art, London Richard Kuhlenschmidt Gallery, Los Angeles Baskerville + Watson, New York 1982 Metro Pictures, New York 1981 Metro Pictures, New York Richard Kuhlenschmidt Gallery, Los Angeles 1980 Artists Space, New York CEPA Gallery, Buffalo
There is not a single similar institution in the U.S. — oh, you might point to the National Renewable Energy Laboratory, managed jointly by Bechtel and Battelle (oil pipelines and «clean
coal» - FutureGen
projects), but they get their
funding slashed every year, more or less — and they cancelled their most promising biofuel program, algal biofuel, back in 1997 — good luck with that.
Once the nation is committed to action, the government and private sector could concentrate their thinking on whether very large - scale infrastructure investments would need to be supported with public
funds ----
projects such as solarization of the grid, new
coal power plants with carbon capture and sequestration, etc..
The fishermen have pursued inquires, especially after reports have highlighted increases in respiratory problems and other health issues coinciding with the start of the
coal plant and its operating time, but the only answers they have received were more reports from those who
funded the
project, which protect the operations of the plant.
Genome Alberta announced C$ 25.2 million (US$ 22.2 million) in public / private
funding over four years for two new genomic research
projects, one targeted at enhanced recovery of fossil hydrocarbon resources from oil sands and
coal beds through biological processes, the other focused on discovering plant genes that can be sequenced and used... Read more →
In May 2016 Arch
Coal gave its 38 % share in the proposed Millennium Terminal to the
project's last remaining supporter, Lighthouse Resources (previously known as Ambre Energy North America), which in turn is owned by Resource Capital
Funds.
The DOE this week put out a request for information on how to accomplish such
projects, following on its announcement earlier this year that it wants to establish
funding opportunities for new
coal technologies in an effort to prop up the industry.
The NGO called for
coal projects to be excluded from the
fund and renewable or energy efficiency schemes be given priority.
The World Bank - created and financially backed Indonesia Infrastructure Guarantee
Fund (IIGF) awarded its first government guarantee of US$ 33.9 million to the Central Java Power
Project, a 2000 MW ultra-super critical
coal plant.
In 2013, the World Bank placed severe restrictions on the
funding of
coal power
projects, as did the EU shortly thereafter.
The only other American
project to receive
funding is another Tenaska effort, a plan still in its early stages to retrofit with carbon capture technology a
coal - fired power plant in Louisiana.
And why is the $ 100B climate
fund being used to being used to block
coal power stations and waste massive amounts of money on next to useless renewable power
projects.
OCBC and DBS have
funded 26
coal power
projects in Asia worth more than US$ 2 billion over the last six years, according to data from Market Forces.
Despite vocal commitments to help tackle climate change, six key multilateral banks (MDBs) financed over $ 7 billion in
coal, oil, and gas
projects in 2015, and
funded a total of $ 83 billion in fossil fuels from 2008 - 2015.
In late, January 2008, Burgeson arranged for a meeting the following month between Barbour, Bodman, and officials of Southern Company and Mississippi Power to discuss moving a federally -
funded «clean
coal»
project from Orlando, Florida to a remote corner of eastern Mississippi.
Several financial institutions have recently announced they will stop
funding new
coal power
projects, with HSBC being the latest.
Clean
coal projects depend on Department of Energy
funding because banks aren't enthusiastic about making loans to back such expensive, unproven technology, Bloomberg reported in July.
The bank's
funding for
coal projects fell to $ 20 million in 2014, from $ 500 million in 2013, the report found.
Rainforest Action Network (RAN) is going after the banking sector to get them to cut financing of new and existing
coal plants and to
fund clean energy
projects such as wind and solar.
Well -
funded opponents of the
project backed by Koch brothers
coal money, according to Cape Wind spokesman Mark Rodgers, claimed National Grid's PPAs should be made on a strict «least - cost basis.»
NEWS: Bank says it will stop
funding new
coal mines or plants in the 30 OECD nations, but could still back
projects in developing world
The Asian Development Bank and the International Finance Corporation combined a few years ago to loan nearly $ 1 billion to help
fund the Tata Mundra
coal project.
NRG has partnered with JX Nippon and the US Department of Energy to
fund their «Petra Nova»
project: a retrofit of NRG's «WA Parish»
coal - fired power plant outside of Houston, Texas with a post-combustion CO2 capture and storage (CCS) system.
Hailed by many as the path to producing «clean
coal,» there are currently about 100 research
projects pertaining to CCS in progress around the U.S. and
funded by the Department of Energy.
Released earlier this week, the request for information from the DOE's Office of Fossil Energy — the first step in a process that could eventually see
projects funded with taxpayer dollars — seeks «input on the development of small - scale, modular
coal - based power plants of the future.»
And what, if anything, does it have to do with Morgan Bazilian, the banker who manages the UN's $ 400 million venture capital
fund for
coal burning
projects in Africa?
The US Department of Energy's National Energy Technology Laboratory (NETL) has issued a new
Funding Opportunity Announcement (FOA) soliciting research
projects that will address key challenges related to the utilization of
coal - biomass mixtures for co-production of power and hydrogen, fuels, and / or chemicals.
The agency is now looking to
fund the 4,800 MW Kusile
coal project in South Africa.
The U.S. government continues to aggressively
fund coal - related
projects despite all that is known about
coal's impacts on health, climate and the economy.
They have not providing
funding for the pilot
coal - to - hydrogen
project to be built in Victoria but are providing a site and the needed
coal.
Instead of
funding coal plants, oil refineries or roads that cut through pristine forests as some observers had feared, new southern - led infrastructure lender the New Development Bank (NDB or BRICS bank), has earmarked its first US$ 811 million batch of loans for renewable energy
projects... Read More
Between 2007 and 2013 public financial institutions provided at least $ 51 billion in
funding for
coal projects abroad.
specifically barring the state's Transportation Commission from using public
funds to subsidize
projects that would help build new
coal transportation facilities.