coal

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.

Has "King Coal" Been De-Throned?

The coal industry is dying, and they are desperately trying to place the blame for their impending doom on someone other than themselves. The world around them is changing, and the industry is absolutely terrified of change.

"Carbon Copy": How Big Oil and King Coal Ghost Write Letters for Public Officials, Business Groups

The Billings Gazette has revealed that coal mining company Cloudpeak Energy ghost wrote protest letters to the U.S. Department of Interior (DOI) on behalf of allied policymakers and business groups. 

Reporter Tom Lutey examined numerous letters written to DOI from Montana-based stakeholders and noticed something unusual: the language in every single letter was exactly the same. That is, the same except for a parenthetical note in one of them instructing the supposed writer of it to “insert name/group/entity.”

The “carbon copied” (pun credit goes to Lutey) letters requested for the DOI to give states a time extension to begin implementing new rules dictating the coal industry give states a “fair return” on mining leases granted to industry by the states. DOI ended up giving King Coal the 60-day extension.

“Last month, coal proponents scored a major victory by convincing the Department of Interior to hold off on its rule making for 60 days so that more people could respond,” Lutey wrote. “Members of the Montana Legislature, along with county commissioners and mayors from Montana and Wyoming communities put the weight of their political offices behind letters asking the DOI for more time. What they didn’t offer were their own words.”

Among those who submitted a “carbon copied” letter originally written by Cloudpeak Energy include the Montana Chamber of Commerce, Billings Chamber of Commerce, Montana Coal Council, Montana Sen. Debby Barrett and the Yellowstone County Board of Commissioners.  

Unlike others, the Montana Chamber of Commerce embarassingly forgot to take out the boilerplate “insert name/group/entity” language. 

Montana Chamber of Commerce Ghostwriting Coal Letter
Image Credit: Quit Coal

Cloud Peak responded by saying this was a “sample letter…included as part of…briefings,” but did not clarify if those allied stakeholders were supposed to send them to DOI in verbatim fashion, as did the Montana Chamber.

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