murray energy

Proposed Bailout of Coal and Nuclear Is Trump Admin’s Attempt to Save Dying Industries

A Caterpillar D9 bulldozer pushes a mountain of coal at a rail/barge terminal on the Tennessee River. Calvert City, September 2010.

Energy Secretary Rick Perry recently ordered the Federal Energy Regulatory Commission to fast-track a rule that purports to make the energy grid more resilient but which in reality will force utility customers to buy more expensive electricity from coal and nuclear plants. A new report by the nonprofit Environmental Working Group (EWG) casts this proposal as a thinly veiled bailout for two industries that are no longer competitive in the electricity generation markets.

According to federal data compiled by EWG, without this bailout, utilities plan to close 75 coal and nuclear plants in the next three years.

Taking a More Comprehensive Look at Coal Subsidies

Earlier this month, Robert Murray, President and CEO of coal giant Murray Energy Corporation, sparred with Tesla founder Elon Musk on the issue of subsidies. Murray called Tesla a “fraud” for failing to achieve a profit despite benefitting from consumer-facing electric vehicle tax credits, and then Musk lobbed back that EVs get “pennies on the dollar” compared to coal.

We reported the exchange here on DeSmog, adding some background on how the coal industry and companies like Murray actually do benefit from a broad range of subsidies. Murray took exception, and sent the following note to the managing editor of DeSmog:

Welfare Coal: These Three Coal Companies Want to Hide How Much Publicly Owned Coal They Mine

Coal mining in Wyoming.

By Joe Smyth, crossposted with permission from Climate Investigations Center

Earlier this year, I looked at just how much the largest U.S. coal mining companies depend on access to subsidized federal coal, most of it extracted from public lands in the Powder River Basin of Montana and Wyoming. The U.S. Interior Department tracks the amount of publicly owned coal mined by each company, but doesn’t publicly report this information.

As I recently learned, even a Freedom of Information Act (FOIA) might not reveal just how much publicly owned coal companies are mining.

Murray vs. Musk: Coal CEO Calls Tesla a “Fraud," Doesn't Mention Subsidies for Failing Coal

On Monday, Robert Murray, President and CEO of coal giant Murray Energy Corporation, called Tesla Motors a “fraud” on CNBC, going on to bash the company for failing to yet turn a profit despite subsidies.

Tesla is a fraud. [It] has gotten $2 billion from the taxpayer and has not made a penny yet in cash flow. Here again, it’s subsidies,” Murray claimed.

Experts Confirm Coal Industry’s “Global Poverty” Campaign Is Bogus

When Peabody Energy isn't busy trying to have the lyrics of a folk song struck from the evidentiary record in a Wyoming lawsuit, the company is aggressively pushing fossil fuels like coal — conveniently, Peabody’s main product — as a solution to global poverty.

As Media Matters has thoroughly documented, however, experts say that not only are renewable energy and mini-grids a far better solution to uplift the world’s poor than centralized production of fossil fuel electricity, but also renewables are more affordable and impose a far lower social cost, to boot.

Wisconsin Climate Change Gag Order Part of Broader Industry-Tied Attacks on Science

On April 7, Wisconsin's Board of Commissioners of Public Lands voted 2-1 to ban those employed by the agency from doing any work pertaining to climate change or global warming while doing public lands related work.

Although the story was covered by multiple media outlets, lost in the public discussion so far is how the vote fits into the broader multi-front industry attack in America's Dairyland-turned-Petro State and which industry interests may have played a role in the vote. 

The historical roots of the vote appear to trace back to an April 2009 congressional testimony given by Tia Nelson, executive secretary for the Board of Commissioners of Public Lands and daughter of former Wisconsin Democratic Governor Gaylord Nelson, in favor of passage of the American Clean Energy Security Act of 2009.

That bill is better known as the controversial and eventually nixed Waxman-Markey climate bill, a bill opposed vigorously by the fossil fuel industry (and some environmentalists, too). 

Did DeSmog's Coverage of Coal Baron Bob Murray v. Fracker Aubrey McClendon Lawsuit Lead To Sealing of Court Records?

On December 12, Magistrate Judge Mark R. Abel issued an order for the U.S. District Court for the Southern District of Ohio to place five sets of court records under seal for the ongoing case pitting coal baron Robert E. Murray against Aubrey McClendon, one of the godfathers of the hydraulic fracturing (“fracking”) boom.

DeSmogBlog published parts of two sets of the five sets of documents ordered under seal by Abel in an October 2014 article about the Murray v. McClendon case. The documents we published revealed a lease for McClendon's new venture — American Energy Partners — for the first time. 

Bob Murray, owner of American Energy Corporation Century Mine in Ohio, sued Aubrey McClendon for allegedly infringing upon his company's copyright in August 2013. He claimed McClendon commandeered the “American Energy” brand.

Both sides have now gone back-and-forth over discovery related issues for months. The dispute has shaken loose many newsworthy documents revealing much about McClendon's new company in particular.

This includes the American Energy Partners lease; a local newspaper advertisement pushing readers to apply for an American Energy Partners job; heavily redacted depositions of officials representing both companies; a redacted document revealing some of the companies to which McClendon's new venture sells the gas it produces; and more.

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.

Heartland's Jay Lehr calls EPA "Fraudulent," Despite Defrauding EPA and Going to Jail

Crossposted from PolluterWatch blog on Jay Lehr.

If you're John Stossel and you want to host a segment to rail against the US Environmental Protection Agency, who ought you call?

It turns out, a man who was convicted and sentenced to six months in prison for defrauding the EPA!

Stossel's guest last night, Jay Lehr, was sentenced to six months–serving three–in a minimum security federal prison back in 1991, and his organization at the time was fined $200,000. So Jay Lehr knows about EPA corruption better than anyone: he was the guy caught “falsifying employee time sheets on a government contract” for EPA, according to the Columbus Dispatch.

Are Coal Mine Employees Forced To Support Romney?

According to a Federal Election Commission complaint filed by the Democratic Party of Ohio, employees for coal mining company Murray Energy have been coerced by their bosses into not only voting Republican, but also helping to fund Mitt Romney’s presidential campaign.

From Eric Dolan of Raw Story:

Two Murray Energy managerial sources told The New Republic that the company pressures employees into giving money to the Murray Energy political action committee (PAC) and to Republican candidates. In addition, internal documents revealed that the company tracks which employees are and are not making contributions. Employees of the company allegedly fear that if they do not make the political contributions and attend fundraisers, they will face repercussions including demotions and being refused bonuses.

This is the second time that a FEC complaint has been filed against Murray Energy.  The first occurred last month when Progress Ohio filed a complaint against Murray for allegedly forcing employees to attend a Romney rally in August of this year.

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