coal

All New Electricity Generating Capacity Added In April Was From Wind And Solar

Renewable energy continues to run the table in the United States. The Federal Energy Regulatory Commission’s Office of Energy Projects has released its latest “Energy Infrastructure Update,” and it shows that all of the new electricity generating capacity brought online during the month of April in the United States was from wind and solar.

Groups Petition EPA To Stop Texas From Letting Electric Utility Industry Rewrite Its Own Pollution Permits

NRG Energy has two coal-fired power plant units in Limestone County, Texas, about 115 miles southeast of Dallas. They’re already some of the largest, most polluting power plants in the state, and they’re about to get a whole lot dirtier.

Are We Witnessing The Beginning Of The End For Fossil Fuels?

Bloomberg recently declared the era of fossil fuels irrevocably in decline: “The world is now adding more capacity for renewable power each year than coal, natural gas, and oil combined. And there's no going back.”

The sea change in how we power our economies officially occurred in 2013, Bloomberg’s Tom Randall writes in “Fossil Fuels Just Lost the Race Against Renewables.” That year, there were 143 gigawatts (GW) of renewable electricity capacity added globally, versus just 141 GW of new fossil-fueled capacity.

By Fighting EPA Rules, Congress Valuing American Lives At Less Than $3,800

Since they were first proposed nearly a year ago, Republican lawmakers have relentlessly attacked the EPA’s new power plant emissions standards.

Even this week, Senate Republicans introduced legislation that would not only roll back the new standards but, according to The Hill, would make it nearly impossible for the EPA to rewrite the rules for power plants. Though they claim the new legislation is “bipartisan,” only one Democrat signed onto it: Senator Joe Manchin from the coal state of West Virginia.

The Coal Industry Is a Job Killer

The coal industry performs horribly on jobs. In fact, you could say that the modern coal industry is about as anti-jobs as it gets.

Take Virginia, for instance. Earlier this week, Governor Terry McAuliffe vetoed legislation meant to extend a tax credit for coal producers because of how little it did to spur job creation. In fact, despite coal companies claiming more than $573 million in tax credits between 1988 and 2014, coal-mining jobs in the state fell by more than two-thirds in that time period.

Groups File IRS Complaint Alleging ALEC is a Lobbying Vehicle, Not a Charity

The Center for Media and Democracy (CMD) and Common Cause have filed an 18-page supplemental complaint to the U.S. Internal Revenue Service (IRS) which calls for a termination of the American Legislative Exchange Council (ALEC)'s status as a 501(c)(3) non-profit organization and requests civil and criminal charges be brought against ALEC.

Bank Of America, Once The Largest Funder Of US Coal, To Cut Coal Funding Worldwide

At its annual shareholder meeting in Charlotte, North Carolina last week, Bank of America announced that it was officially committed to slashing its financing of coal.

This is a major policy reversal for the bank. Just a few years ago, Bank of America, then the biggest bank in the US, was the largest underwriter of the US coal industry. From 2009 to 2010, for instance, the bank pumped some $4.3 billion into US coal companies, a fifth of all coal financing by the top 25 banks and financial institutions.

Fossil Fuels from Federal Lands Create One Quarter of Total U.S. Carbon Emissions, New Report Concludes

A newly released analysis by the Climate Accountability Institute concludes that fossil fuels extracted from federal lands release carbon equal to a quarter of all U.S. greenhouse gas emissions. The rate has stayed roughly consistent from 2003 to 2014.

When it comes to coal, the rate was even higher than average last year, the report concluded. “In 2014, two-fifths (40.2 percent) of U.S. coal  production was from leases on Federal Lands;  production on Indian Lands accounted for an additional 1.9 percent of U.S. coal production,” wrote Rick Heede, author of the analysis.

Banks Family Mining Millions in Profit From Climate Sceptic Matt Ridley's Coal

Aristocrat and self-styled climate ‘contrarian’ Matt Ridley has steadfastly refused to disclose how much cash he makes from the large opencast mines operating on his family estate.

The free market advocate has intimated his share of the bounty from the Northumberland mines is small in comparison to the amount taken by the government (which owns the coal).

Lord Ridley told us: “I receive no financial benefit other than a wayleave in exchange for providing access to the land… the wayleave is very small indeed in relation to the value of the coal mined from my family’s land.” 

New Report Speculates on the End of Coal

A new coal report out today finds that despite growing risk, major banks continue to pump billions into the global coal industry. However, there are growing signs that coal is falling out of grace with major lenders.

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