This also
means coal companies just lost a big customer, and will have to look elsewhere to expand their market.
In practice, the subsidies
meant some coal companies paid no state taxes, and actually received significant cash handouts, even as coal jobs declined.
Not exact matches
The phase - out plans apply only to so - called unabated
coal,
meaning a
company that has the technology to reduce emissions can carry on generating power with
coal.
Cele notes that, «the demand from China for iron - ore continues to grow, but at a declining pace, further exacerbating pricing pressure,»
meaning that Vale's considerable investment in nickel,
coal, fertilisers and copper will only partially mitigate the impact of the increase in iron - ore mining capacity globally on the
company.
Presumably that
means divesting from
companies that are engaged directly in
coal, gas, and oil exploration and production, though not their use.
«Simple operation and maintenance
means no daily operator requirements and very little annual plant maintenance, says Mr Bambridge, whose
company's installations of the FAST system have been proven in Australian applications including: Alcoa, BHP - Billiton, Bechtel Pacific, Blair Athol
Coal, Blue Circle Southern Cement, Cadia Gold, Dampier Salt and Wakefield Colliery.
The project —
meant to launch in April but pushed back by renovation delays — looks set to start just ahead of a larger, newly built advanced
coal plant in Kemper County, Mississippi, run by Mississippi Power, a subsidiary of Southern
Company in Atlanta, Georgia.
Limiting climate change to 2 °C
means shutting down
coal power plants — an unpopular proposition for
coal power
companies.
An article in the latest issue of The Economist explores whether acknowledgement that some fossil fuel stocks are unburnable
means companies with big
coal or oil reserves are overvalued, at least on long time horizons.
However, the filings note that the two
companies are expecting the total cleanup costs to be over $ 2.6 billion for DEC and $ 2.5 billion for DEP,
meaning that
coal ash cleanup costs will be a driver of rate increases for years to come.
Backed by powerful oil,
coal, and gas
companies, EPA Administrator Scott Pruitt has proposed repealing America's Clean Power Plan, which would allow these
companies to keep polluting our air and destroying our climate — regardless of what it
means for everyday citizens or our planet.
When a
coal company chief executive officer offers a decarbonization plan, it
means one of two things.
That has a clear implication for our fossil fuel consumption,
meaning that humans can not burn all of the
coal, oil and gas reserves that countries and
companies possess.
I
mean,
coal companies need free labor don't they?
But Walmart's unwillingness to invest in alternatives in much of the country, where grid power is cheap and heavy on
coal, has
meant that the
company's reliance on the dirtiest fossil fuels, and its greenhouse gas emissions, have changed little from the day Scott made this speech.
In total, the power
company has about 8.3 GW of
coal, oil and gas - fired resources currently available, so this would
mean a 44 % reduction in its fossil capacity, and a fleet where wind and solar represent a majority of capacity, if not necessarily generation.
But that would
mean you can show the falling per unit profits for those poor oil and
coal companies.
And the reason is simple — those stricter Clean Air regs would
mean that the
coal companies and utilities would have to seriously upgrade and clean up some of the nation's dirtier, older power plants, and probably take some offline.