Sentences with phrase «of coal assets»

Though they were ultimately voted down, large blocks of stockholders voted for a resolution that would have forced Southern to respond directly to climate change by preparing a study for how the company can help keep global warming below 2 degrees centigrade, and another to study how its business may be affected by the potential stranding of its coal assets.

As the comparison to global coal budgets illustrate above, Australia will have a vast oversupply of coal assets in a carbon - constrained world, therefore running the risk of being left with significant stranded assets.

Amy Hojnowski, a senior campaign representative with the Sierra Club, said in a statement that «PacifiCorp's inability to acknowledge the actual risk of its coal assets has kept the west from meeting its true clean energy potential.

HSBC says $ 20bn of coal assets at risk (RenewEconomy).

Wesfarmers in November 2016 announced that it was evaluating «strategic options» for both of its coal assets in Queensland and New South Wales, with the miner reportedly placing a price tag of A$ 2 - billion on the assets.

Analysts estimate Bunnings will account for at least 50 per cent of Wesfarmers» earnings and about 60 per cent of its value after Coles is demerged and the sale of the coal assets is completed.

It is hard to find a winner in the coal - mining industry these days but some investors were quick to spot a Perth - based winner yesterday in the form of Wesfarmers, which saw the value of its coal assets boosted by a deal in the Hunter Valley of NSW.

Not exact matches

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.

Street Talk believes that good thing could arrive within the next week, in the form of final approval for the two miners to carve up the Hunter Valley coal assets that once belonged to Rio Tinto.

According to S&P, coal is poised to see a shrinking share of the world's power generation market, which could lead to some coal reserves becoming stranded assets.

Using blockchain tokens to record and exchange ownership of assets and rights is going to transform industries in the same way electricity transformed coal - powered factories; not to mention streamlining how information is shared across supply chains.

One feature hindering investment in both the NSW and Queensland coal industries is the fragmented ownership of the supply - chain assets; a large number of mines share mostly state - government - owned rail and port infrastructure.

Holdings in the Holmes Macro Trends Fund (MEGAX) and Emerging Europe Fund (EUROX) as a percentage of net assets as of 6/30/2015: Peabody Energy Corporation 0.00 %, Arch Coal Inc. 0.00 %, Freeport - McMoRan Inc. 0.00 %, Newmont Mining Corp. 0.00 %, Barrick Gold Corp. 0.00 %, Valcambi SA 0.00 %, Delta Air Lines Inc. 0.00 %, Alaska Air Group Inc. 0.00 %, JetBlue Airways Corporation 0.00 %, Ryanair Holdings plc 0.00 %, Aegean Airlines SA 0.00 %, Pegasus Hava Ta??

«At this point in time what it does show is people out there are prepared to invest substantial amounts of money in coal assets and Rio's predominantly foreign owned already - that's another issue to remember - and I've been reading a couple of comments and I think even the unions are in support of this one.

Deputy Prime Minister Barnaby Joyce has given conditional backing to Rio Tinto's decision to sell two of its major Australian coal mining assets to Chinese controlled miner Yancoal which is yet to gain Foreign Investment Review Board approval.

-- Net loss of $ 3.0 billion after impairments of $ 14.4 billion, primarily relating to aluminium businesses as well as coal assets in Mozambique.

Doug Ritchie, who led the acquisition and integration of the Mozambique coal assets in his previous role as Energy chief executive, has also stepped down by mutual agreement.

In Mozambique, the development of infrastructure to support the coal assets is more challenging than Rio Tinto originally anticipated.

And given the current cost competitiveness of natural gas, there is little reason for utilities to include coal in the planning mix for new generation assets, Barnett said.

Furthermore, the relatively quick process of converting coal - fired plants to biomass - fired generation is an attractive benefit for power generators whose generation assets are no longer viable as coal plants due to the expiration of operating permits.

Furthermore, the relatively quick process of converting coal - fired plants to biomass - fired generation is an attractive benefit for power generators whose generation assets are no longer viable as coal plants due to the expiration of operating permits or the introduction of taxes or other restrictions on fossil fuel usage or emissions of GHGs and other pollutants.

The new company will get most of BBL's aluminum, manganese and nickel assets plus some coal assets.

Westmoreland Coal spent hundreds of millions for coal assCoal spent hundreds of millions for coal asscoal assets.

Rio Tinto has decided to sell off some of its assets, including its thermal coal facilities.

Even a wedge of natural gas has some value in this view, since it displaces a huge volume of long - lived coal generation assets, which increases the odds that zero carbon sources will be able to muscle in later.

«Our asset - level model outlines a phase - out of coal - fired power consistent with the Paris Agreement.

The oil price collapse, which follows a drop in global coal prices, shows that the global fossil fuel sector is presently one of the world's riskiest asset classes.

«A speedy exit from coal investments by the finance industry is not just a question of avoiding stranded assets, but of maintaining a livable world.»

It has been shown that most of the world's coal deposits can not be burnt if global warming is to be kept below 2 °C; most of the world's coal deposits will become stranded assets — especially those that are not financially viable without government assistance;

Only 7 % of the people in sub-Saharan African countries who lack access to energy live in countries with producing coal assets.

In their Wall St. Journal op - ed this week, Al Gore and one of his business partners characterize the current market for investments in oil, gas and coal as an asset bubble.

In a world where carbon emissions will increasingly have to be constrained, coal, as the dirtiest of the fossil fuels, is the energy asset most vulnerable to becoming «stranded» — the most vulnerable, in other words, to seeing its market value collapse well ahead of its previously anticipated useful life.

I suspect the coal assets are still largely there but the tradition of mining has gone.

Yet, for example, only 7 % of those without access to energy in Sub-Saharan Africa live in the handful of countries with producing coal assets, CTI finds.

These charges would subsidize risky capital investments in the Company's coal assets — several of which have been determined by other owners to have value and be unreliable.

American ice cream maker Ben & Jerry's has partnered with climate activism group 350.org Australia to launch a campaign to freeze fossil fuels investments, by encouraging Australians to lobby their local governing bodies to ensure that none of its assets are in coal, oil and gas.

In sum, generation additions (plus removal of coal costs) are in the order of $ 35 billion and additional investments relate to transmission and distribution assets.

In a joint statement issued ahead of the G20 conference in China this weekend, insurers with more than USD$ 1.2 trillion in assets under management warn that support for the production of coal, oil, and gas is at odds with the nations» commitment to tackle climate change agreed in Paris last December.

The financial think - tank says the fate of US coal should serve as a warning to investors in other fossil fuel markets worldwide who fail to prudently read a structural shift away from hydrocarbons and blindly continue to invest in assets that are in increasingly in danger of becoming stranded.

This process is being amplified by a flight of capital, as investors fear that expensive coal mines and coal - burning power plants may become «stranded assets,» with no markets.

Jeremy Grantham, a billionaire fund manager who oversees $ 106bn of assets, said his company was on the verge of pulling out of all coal and unconventional fossil fuels, such as oil from tar sands.

Panellists: Peter Freyberg, Head of Global Coal Assets, Glencore John Scowcroft, Executive Adviser for EMEA, Global CCS Institute Hans Ten Berge, Secretary General, Eurelectric Dr Gabriel Marquette, General Manager of EUROGIA2020, the Eureka Cluster for low - carbon energy technologies Jason Channell, Managing Director, Citi Research Paula Abreu Marques, European Commission, Head of Unit, Renewable Energy and CCS Policy

The price of metallurgical coal has fallen 75 percent since the deal, and Peabody was forced to take a $ 700 million writedown on its Australian metallurgical coal assets last year.

Fortum has already signed an agreement to buy a 47 % share of Uniper currently held by E.ON, a German utility that spun off its coal, oil, gas, and nuclear assets to form Uniper in January 2016.

The Bank of England has also recognised that a collapse in the value of oil, gas and coal assets as nations tackle global warming is a potential systemic risk to the economy, with London being particularly at risk owing to its huge listings of coal.

This process is being amplified by a flight of capital, as investors fear that expensive coal mines and coal - burning power plants may become «stranded assets,» with no markets, as renewables ramp up and limits on CO2 emissions begin to bite.

This approach helps utilities refinance the costs of stranded coal generation assets and redirect savings toward cheaper renewable energy to replace generation capacity, while directing funds to communities or workers affected by coal closures.

While NTPC is among the top 10 coal utilities globally with 44 GW coal - fired capacity, it is perhaps one of the Indian utilities most at risk from stranded assets.

The call for investors to divest from coal assets, one of the most carbon - intensive energy sources, has been primarily based on the harmful social and environmental outcomes linked with carbon emissions.

My Clean Break column today takes a closer look at efforts by Ontario Power Generation to convert some of its coal - fired generating assets into biomass - burning power plants, including potentially several units at its Nanticoke Generating Station — North America's largest coal plant.