coal

Wed, 2014-10-01 13:00Chris Rose
Chris Rose's picture

Tide Turning Against Global Coal Industry: New Report

Coal plant

Coal, the fossil fuel that largely sparked the industrial revolution, may be facing the beginning of the end — at least in terms of generating electricity.

There are increasing signs of the demise of the world’s dirtiest fossil fuel, from a global oversupply to plummeting prices to China starting to clean up its polluted air.

Last week, the Carbon Tracker Initiative published an analysis — Carbon Supply Cost Curves: Evaluating Financial Risk to Coal Capital Expenditures — identifying major financial risks for investors in coal producers around the world.

Saying the demand for thermal coal in China, the world’s largest emitter of toxic greenhouse gases, could peak as early as 2016, the analysis also highlights $112 billion of future coal mine expansion and development that is excess to requirements under lower demand forecasts.

Thu, 2014-09-25 07:00Farron Cousins
Farron Cousins's picture

West Virginia Officials Worried Freedom Industries Skimping On Chemical Spill Cleanup

In early January of this year, a chemical storage facility run by Freedom Industries ruptured and leaked thousands of gallons of chemicals into West Virginia’s Elk River. The leak occurred less than 2 miles from a water treatment plant that serves as many as 300,000 nearby residents. 

Almost 9 months after the spill occurred, West Virginia officials are concerned that Freedom Industries is dragging their feet on the cleanup.

The West Virginia Department of Environmental Protection (DEP) said that the company needs to be focused on actually cleaning up the spill instead of focusing on entering a “voluntary” remediation program.

The comments came a few days after Freedom Industries submitted an updated remediation proposal to the DEP outlining their plan to start digging and testing soil and water samples in the future. To date, the company has not even finished demolishing their outdated and dangerous storage tanks that caused the spill in the first place. 

Tue, 2014-09-23 05:00Steve Horn
Steve Horn's picture

Peabody Energy Booted From S&P 500, King Coal on the Defensive as Market Signals Industry Decline

King Coal and industry multinational Peabody Energy (BTU) have taken a beating in the markets lately, and it has some executives in the dirty energy industry freaking out

On September 19, Dow Jones removed Peabody Energy from its S&P 500 index, considered a list of the premier U.S. stocks for investors. The St. Louis Post-Dispatch cited the downward trajectory of the company's market capitalization as the rationale behind the ouster of Peabody from the S&P 500 index. Peabody will now join the JV leagues in the S&P MidCap 400.

Peabody's downfall symbolizes ongoing market trends within the coal industry overall.

“The total market value of publicly traded U.S. coal companies has rebounded slightly in recent months, but remains nearly 63% lower than a total of the same companies at a near-term coal market peak in April 2011,” explained SNL Energy in April. 

“A perfect storm of factors, including new federal regulations impacting coal-burning power plants, cheap competing fuels, railroad service issues and weak global markets has kept pressure on a number of coal operators since the industry's 2011 near-term peak.”

A new study published this week by the Carbon Tracker Initiative — best known for its work accounting for a “carbon budget” and unburnable carbon — raises further questions about the future of coal's global market hegemony. It's another blow to the coal industry as the United Nations convenes this week's Climate Summit in New York City to discuss climate disruption, in no small part driven by antiquated coal-fired power plants.

Thu, 2014-09-11 17:36Farron Cousins
Farron Cousins's picture

Pennsylvania Prisoners Poisoned By Coal Ash

Life in a prison is probably not the safest environment for a person.  But for prisoners in Pennsylvania, life just got a lot more dangerous.

According to a new report, inmates at State Correctional Institution Fayette in LaBelle, Pennsylvania have been experiencing a significant increase in cancer rates.  The report, which was put together by the Abolitionist Law Center and the Human Rights Coalition, says that the culprit is a nearby coal ash dump.

The Pittsburgh Post-Gazette has the details:

11 prisoners died from cancer between January 2010 and December 2013, another six have been diagnosed with cancer and eight more have undiagnosed tumors or lumps.

Also, more than 80 percent of 75 prisoners responding to the investigators experienced respiratory problems, 68 percent said they experienced gastrointestinal problems and half have skin rashes, cysts and abscesses. Twelve percent, nine of the 75, reported being diagnosed with a thyroid disorder at the prison or having their existing thyroid problems get worse. Many of the prisoners have multiple, overlapping symptoms, the report said.

The death rate at the Fayette correctional facility is the third highest in the state.  However, the two prisons with higher mortality rates also house large populations of elderly inmates, making Fayette the highest death rate among preventable causes.

Mon, 2014-09-08 12:46Ben Jervey
Ben Jervey's picture

Massachusetts District Attorney Makes History: Recognizes Necessity of Defending Climate

This morning, a District Attorney in Massachusetts made history as he recognized the “necessity defense” of climate-related civil disobedience, and reduced the charges for two activists charged in their Lobster Boat Blockade.

Some quick background. Back in May 2013, Ken Ward and Jay O’Hara boarded their lobster boat, navigated to the shipping channel at the coal-fired Brayton Point Power Plant in southeastern Massachusetts, and dropped anchor. For six hours, the two climate activists and fishermen blocked the “Energy Enterprise” steam ship from delivering Appalachian coal from reaching the power plant.

The “Henry David T,” Ward and O'Hara's boat, blockading the coal ship. Photo: LobsterBoatBlockade.org

The two were arraigned later in the year on four charges in relation to their act of civil disobedience, including conspiracy.

This morning, Ward and O’Hara were due in court, and their lawyers — along with a number of climate experts in Fall River to present testimony to the trial — had intended on using the “necessity defense” to argue that their actions were necessary to combat the greater threat of climate change.

Ward and O'Hara had sought to become the first American climate activists to use this “necessity defense”, arguing that “the blockade was necessary in light of the imminent threat of climate change.” They had planned to call former NASA climatologist James Hansen and environmentalist Bill McKibben to the stand as expert witnesses.

Scheduled for two days, the court proceedings were over in a less than an hour, as Bristol County District Attorney Sam Sutter immediately dropped the conspiracy charge, and reduced the other charges to civil infractions.

“The truth is that taking these sorts of actions is necessary in light of the drastic news that continues to be described by the science. This decision by the District Attorney is an admission that the political and economic system isn’t taking the climate crisis seriously, and that it falls to ordinary citizens, especially people of faith, to stand up and take action to avert catastrophe,” said O’Hara.

Tue, 2014-09-02 23:56Guest
Guest's picture

UK Scientist Unveils Plan to Make Renewables Cheaper Than Coal Within 10 Years

Sir David King WEC

This is a guest post by Alex Kirby originally published by Climate News Network

Three weeks before the UN Secretary-General's extraordinary meeting of world leaders in New York to tackle climate change, a leading British scientist unveils plans for a global low-carbon fund on a par with the Apollo Moon programme.

There are prospects of significant progress in the response of world governments to climate change, according to a former UK Government chief scientist, Sir David King.

“There are signs that a leadership role is beginning to emerge”, he told a conference in London held by the Green Economy Coalition.

Sir David also announced that he and a colleague are working with governments to raise funds to help all countries, including developing countries, to switch to renewable energy. Their scheme hopes to raise nearly as much as the cost of the Apollo programme, NASA's moon-landing project.

Sun, 2014-08-31 08:00Steve Horn
Steve Horn's picture

Legal Case: White House Argues Against Considering Climate Change on Energy Projects

Just over a month before the United Nations convenes on September 23 in New York City to discuss climate change and activists gather for a week of action, the Obama White House Council on Environmental Quality (CEQ) argued it does not have to offer guidance to federal agencies it coordinates with to consider climate change impacts for energy decisions.

It came just a few weeks before a leaked draft copy of the Intergovernmental Panel on Climate Change's (IPCC) latest assessment said climate disruption could cause “severe, pervasive and irreversible impacts for people and ecosystems.”

Initially filed as a February 2008 petition to CEQ by the International Center for Technology Assessment, the Sierra Club and the Natural Resources Defense Council (NRDC) when George W. Bush still served as President, it had been stalled for years. 

Six and a half years later and another term into the Obama Administration, however, things have finally moved forward. Or backwards, depending on who you ask. 

NEPA and CEQ

The initial February 2008 legal petition issued by the plaintiffs was rather simple: the White House's Council for Environmental Quality (CEQ) should provide guidance to federal agencies it coordinates with to weigh climate change impacts when utilizing the National Environmental Policy Act (NEPA) on energy policy decisions. 

A legal process completely skirted in recent prominent tar sands pipeline cases by both TransCanada and Enbridge, NEPA is referred to by legal scholars as the “Magna Carta” of environmental law.

Magna Carta; Photo Credit: Wikimedia Commons

CEQ oversees major tenets of environmental, energy and climate policy. It often serves as the final arbiter on many major legislative pushes proposed by Congress and federal agencies much in the same way the White House's Office of Information and Regulatory Affairs (OIRA) does for regulatory policy. 

Sun, 2014-08-31 05:00Farron Cousins
Farron Cousins's picture

Swapping Farmland For Coal Trains: Union Pacific’s Texas Land Grab

Railroad giant Union Pacific has some big plans for a tiny Texas community.  According to locals in the Brazos River Valley, the railroad company is hoping to turn some of the most fertile farmland in Texas into a massive, 72-line rail yard.

Union Pacific’s plan would consume as much as 1,800 acres of farmland in the region, effectively putting numerous family-owned farming operations out of business.  The toxic loads that Union Pacific’s trains would be hauling in and out of the area on a daily basis would then threaten the remaining farms in the region.

The Brazos River Valley, named after the Brazos River, is considered some of the richest farmland in the state, thanks to the city’s namesake river feeding fresh water and nutrients to the area.  Taking this land out of the hands of farmers — many of whom are the descendants of early generation of farm settlers in the area — would not only have devastating effects on the local economy, but they could also put a huge hole in the nation’s food supply.

But Union Pacific is not concerned with the well being of the Brazos Valley community or their environment, and they are hoping to move forward with their plan.  And the land grab only represents half of the danger. 

According to a letter from the Brazos River Bottom Alliance that was sent to state and federal representatives, there will be no environmental review of the project:

Thu, 2014-08-21 14:00Graham Readfearn
Graham Readfearn's picture

Advertising Watchdog Says Peabody Energy 'Clean Coal' Advert Was Misleading

CLEAN COAL, it's the two-word catch phrase the coal industry has used for years as it tries to convince the world its climate changing energy source has a future.

While the term “clean coal” is rightly met with ridicule and derision by many, up until this week it has been allowed to stand — at least in the world of advertising.

But now the UK’s advertising authorities have told Peabody Energy that it can no longer freely dangle its “clean coal” mythology in front of consumers without explaining itself.

The advert, devised by global PR agency Burson-Marsteller, claimed that Peabody was using “today’s clean coal technologies” to “improve emissions”.

In an adjudication, the Advertising Standards Authority said:

Notwithstanding the fact that “clean coal” had a meaning within the energy sector, we considered that without further information, and particularly when followed by another reference to “clean, modern energy”, consumers were likely to interpret the word ”clean” as an absolute claim meaning that “clean coal” processes did not produce CO2 or other emissions. We therefore concluded that the ad was misleading.

The ASA said that the complainant, environment group WWF, had argued the term “clean coal” was misleading and that it “implied that the advertiser's impact on the environment was less damaging than was actually the case”.

Fri, 2014-08-08 05:00Steve Horn
Steve Horn's picture

Green Billionaires Club? David Vitter Owns Stock in Coal Utilities Fighting EPA Carbon Rules

On July 30, the Republican minority of the U.S. Senate Committee on Environment and Public Works, headed by Sen. David Vitter, released a report titled “The Chain of Environmental Command: How a Club of Billionaires and Their Foundations Control the Environmental Movement and Obama’s EPA.”

Critics of the report say it is propaganda designed to skewer the Obama EPA and environmental philanthropists for “conspiring to help the environment.”

Vitter's chief source of campaign cash is the oil and gas industry and he recently called the billionaire Koch Brothers “two of the most patriotic Americans in the history of the Earth.” 

What the 92-page report leaves out is that Vitter — an esteemed member of the Senate “Millionaires Club” — owns tens of thousands of dollars in stocks of the electric utility Wisconsin Energy Corporation (We Energies), which owns major coal-fired power plants in both Oak Creek, Wisc. and Pleasant Prairie, Wisc.

We Energies says it stands to lose economically if the proposed Obama EPA carbon rules are implemented, citing the potential risks related to legislation and regulation in its most recent U.S. Securities and Exchange Commission (SEC) Form 10-Q.

“Any legislation or regulation that may ultimately be adopted, either at the federal or state level, designed to reduce GHG emissions could have a material adverse impact on our electric generation and natural gas distribution operations,” We Energies stated on the form.

“Such regulation could make some of our electric generating units uneconomic to maintain or operate, and could adversely affect our future results of operations.”

We Energies CEO Gale Klappa also voiced dissatisfaction with the proposed rule during his company's most recent earnings call, saying the company will submit comment to the EPA as part of the public comment period.

Pages

Subscribe to coal