Now, the company is once again seeking cheap access to
more of our coal, so it can strip - mine it from public lands and export it to lucrative markets in Asia.
It would be kind of ironic if environmentalists succeeded in blocking our use of coal to generate electricity and then China and Asia started using
more of our coal...
Not exact matches
This is, in a nutshell, McConnell's case for reelection: that as Kentucky's heavyweight in Washington, he'll thwart the assault liberals are waging not just on the health care system and the
coal industry but,
more broadly, on the state's way
of life.
Canada's exports to China — and
more broadly, Asia — have long been concentrated in commodities such as
coal, metals, agricultural, and forestry products, with very few exports
of consumer and commercial goods and services.
Businesses large and small have been making the case that they can't afford paying
more for labour going back to when laws were first proposed to curb the use
of seven year - olds in
coal mines or put an end to 16 - hour workdays.
This will help to save
more than one million tons
of CO2 when compared with a «conventional»
coal fired plant.
The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in
coal, oil and gas have now entered the financial mainstream, with
more than 80 %
of the funds now committed to divest being managed by commercial investment and pension funds.
Some mining stocks have risen even
more, spurred by U.S. President - elect Donald Trump's pledges to revive
coal and pull out
of the Paris Agreement on climate change.
China itself is suppressing its appetite for
coal, albeit
more for reasons
of pollution than climate change.
Deripaska's En + Group PLC, which owns part
of Rusal and supplies power and
coal, has also seen its London - listed shares
more than halve in value.
Natural gas would increase from 38 percent
of the capacity mix in 2017 to as much as 59 percent, while
coal would shrink from 21 percent to no
more than 15 percent.
Cold weather drove up the price
of natural gas — making
coal look like a
more attractive fuel option.
In the past,
coal powered much
more of Dominion's generation.
More important, climate activists argue, the export
of surplus
coal negates America's own reductions in greenhouse - gas emissions, simply pushing the problem offshore.
While Peabody was only down about 10 % at the end
of May 2014, the stock got crushed as the government proposed to reduce carbon emissions (stemming from fossil fuels like
coal), which would burn up even
more of Peabody's bottom line.
In addition to tax changes (
more on that below), Trump's plan to grow the economy focuses largely on generating
more jobs in the fossil fuel economy (in
coal and onshore and offshore drilling for oil and gas) and as a result
of new infrastructure projects.
Requiring the reduction
of carbon emissions will make
coal - based energy
more costly, while solar and wind technology are expected to be priced
more competitively, thereby supporting those alternative energy industries, says Jason Blumberg, chief executive and managing director
of Energy Foundry, a Chicago - based cleantech impact venture capital fund.
The temporary foreign worker program was first under fire in the fall
of 2012, when it came to light that approval was granted to Chinese - owned HD Mining International to bring
more than 200 people from China to work at its
coal mine near Tumbler Ridge, B.C.
And it could mean a future viable source
of energy that emits no pollution or radioactivity, burns no fossil fuels, and could be no
more expensive to run than conventional
coal or electric power plants.
«On rooftops from Arizona to New York, solar is saving Americans tens
of millions
of dollars a year on their energy bills, and employs
more Americans than
coal — in jobs that pay better than average.»
Hardest hit has been eastern Kentucky, which has endured the highs and lows
of the
coal marketplace for
more than 100 years.
Literally the fuel
of America's Industrial Revolution and growth,
coal has fallen from providing
more than half
of the nation's electricity as recently as 2000 to 30 percent in 2017.
The legislation provided financial support for four
more months
of healthcare benefits for
coal miners, through April, but Manchin and other Senate Democrats wanted at least a year.
Progress in a few areas has been solid: slashing
of bureaucratic red tape has led to a surge in new private businesses; full liberalization
of interest rates seems likely following the introduction
of bank deposit insurance in May; Rmb 2 trillion (US$ 325 billion)
of local government debt is being sensibly restructured into long - term bonds; tighter environmental regulation and
more stringent resource taxes have contributed to a surprising two - year decline in China's consumption
of coal.
The European Commission is unlikely to show interest, as it has experimented in the past with largely unsuccessful subsidization
of CCS and now sees support for
coal as contrary to trends in its larger,
more influential member states.
Here's what that could entail: calling off talks to buy
more B.C. hydro supply to offset the shuttering
of Alberta's
coal plants.
A slowdown in the growth
of China's
coal demand, due to
more tepid economic growth and fuel substitution, has sent the prices that Australia fetches for its thermal
coal plunging from US$ 125 a tonne in early 2012 to around US$ 70 a tonne.
Contrast that with Alliance Resources Partners, which sold nearly 9 million
more tons
of coal than Teck on an equivalent basis last year, but only pulled in $ 1.9 billion in revenue and generated $ 692.7 million
of adjusted EBITDA.
Solar pv has dropped 70 % in cost in the last 6 years and has become competitive with
coal (which is dropping in price as commodity) making it
more and
more expensive to get out
of the ground.
In a region where
more than a 1,000 workers were recently laid - off from the
coal mines, projects like this offer a much - needed economic boost that helps diversify the local economy and buffer, as the mayor
of Tumbler Ridge said, the «devastating shocks» from the regular boom - bust cycle
of the traditional resource sectors.
Promises to bring back
coal as a viable part
of the U.S. energy policy have sent
coal stocks soaring, and if government policy succeeds in driving
more domestic manufacturing and production, then
coal producers like Natural Resource Partners could see demand keep climbing.
The
coal regs come with benefits too, which federal officials estimate will
more than offset the costs by a margin
of $ 7 billion.
«We see a Chinese economy gradually shifting from construction to consumption, and so, we will transition,» said Mackenzie adding that «We imagine we will continue to creep our exports
of steelmaking materials like metallurgical
coal and iron ore, but we're much
more likely to make major investments in what we feel are the next phase
of China's growth in energy and in food.»
Nationally, China will have closed
more than 2,000 small
coal mines from 2013 to the end
of 2015.
Since China and the United States together constitute
more than half
of global
coal production, a peak
of coal use in these nations can be sufficient to ensure that the peak in
coal use is now behind us.
But he said moving to meet climate targets is becoming
more affordable because while policy is still important the energy market is transforming so fast that «market forces have taken over», market forces around wind and solar power and batteries «are just accelerating regardless
of what anyone else does» and decisions by companies like AGL Energy to close their Liddell
coal power station «are being made on economic grounds».
Just over a decade ago,
coal - fired power generated
more than 50 %
of U.S. electricity.
The major reason for this is the strong profitability
of the industry — the price
of both the ingredients (iron ore,
coal, freight, fluxes etc.) and the finished steel has decreased, but the costs
of producing a ton
of steel fell
more, so the profit margins have actually improved.
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
Therefore greater efforts are needed by government and industry to embrace less polluting and
more efficient technologies to ensure that
coal becomes a much cleaner source
of energy in the decades to come.
Solar power might be an undeniable part
of our future — the industry created double the amount
of jobs as
coal did last year and accounts for nearly 40 %
of new electric capacity added to the grid,
more than wind or even natural gas — but SolarCity itself isn't.
To examine transport infrastructure developments
more closely, a detailed survey
of the infrastructure associated with major
coal and iron ore ports was undertaken.
Plus,
more EPA mandates have driven the cost
of mining and using
coal much higher.
Think
of it another way, in the last 7 year cycle FCA had an average FCF
of $ 36 million a year, and now FCA is expanding into different rail cars types and the refurbishment / rebuilt market,
more gigawatts
of coal fired power plant capacity will begin construction in 09 then was build in the last 7 years and FCA has $ 162 million in cash from the 05 IPO.
More than a third of the oil, gas and coal production and more than 10 % of hydroelectric power exported to the United Sta
More than a third
of the oil, gas and
coal production and
more than 10 % of hydroelectric power exported to the United Sta
more than 10 %
of hydroelectric power exported to the United States.
Embedded below are the videos
of Chanos» interview on CNBC: Video 1 on China Video 2 on tech stocks Video 3 on natural gas and
coal Video 4 on what he looks for in short selling For
more from this hedge fund manager, head to Chanos» recent China presentation.
Solar created one out
of every 50 new jobs in the U.S. last year, and the sector now employs
more Americans than
coal.
«Previous governments in Alberta and Ottawa offered to provide a subsidy
of $ 779 milliontoward the $ 1.4 - billion price tag for TransAlta's proposed
coal - fired carbon capture and storage project, but even with taxpayers shouldering
more than half the cost, there wasn't a viable business case and the project was shelved.
In other cases, the story is
more nuanced: For example, oil and gas extraction firms benefit, while the producers
of petroleum and
coal products lose, echoing the tension between refiners and oil - shale producers.
The stark drop in natural gas prices from an all - time high
of more than $ 15 per 1,000 cubic feet in 2005 to near $ 4 today results from a range
of factors including the global economic downturn, competitive
coal prices, unusually warm winters, the improvement
of hydraulic fracturing («fracking») drilling techniques, and the production
of natural gas as a byproduct when drillers frack for petroleum.