coal

Politicians Try to Rally Support for Coal Despite Economics and Biden Presidential Win

Read time: 10 mins
Mitt Romney

The election results are a stark reminder of just how divided the country remains on many issues. However, in the days since the results were announced November 7, two senators from both parties are finding common ground in a familiar space: opposition to the Green New Deal and support for a dying coal industry.

Robert Murray

Robert E. Murray (Deceased)

Credentials

  • Executive MBA Program at The Ohio State University. [1]
  • Bachelor of Science degree from The Ohio State University in Accounting and Finance. [1]
  • Certified Public Accountant certification from the State of Ohio. [1]

Background

Read time: 45 mins

Trump’s Golden Era of Energy Is Turning to Lead

Read time: 9 mins
 A drilling rig on a former ranch outside of Barstow, Texas, in the Permian Basin

It was just over a year ago that President Trump announced, “The golden era of American energy is now underway,” saying that his policies focused on exploiting oil, gas, and coal were “unleashing energy dominance.” 

What a difference a year makes. On July 10, the Financial Times ran an article with a headline that asked, “Is the party finally over for U.S. oil and gas?” And there is no doubt that it has been quite a party for the last decade. At least, for the fracking executives who have enriched themselves while losing hundreds of billions of dollars investors gave them to produce oil and gas. Meanwhile, profits never materialized.

Lately, prospects for the broader fossil fuel industry look more like lead than gold.

Labor Helps Obama Energy Secretary Push and Profit from 'Net Zero' Fossil Fuels

Read time: 16 mins
President Obama and Energy Secretary Ernest Moniz

Progressive activists have called for a Green New Deal, a linking of the U.S. climate and labor movements to create an equitable and decarbonized economy and move away from fossil fuels to address the climate crisis. But major labor unions and President Barack Obama’s Energy Secretary have far different plans.

On the 50th anniversary of Earth Day, the AFL-CIO and the Energy Futures Initiative (EFI) — a nonprofit founded and run by former Obama Energy Secretary Ernest Moniz — launched the Labor Energy Partnership. Unlike those calling for a Green New Deal, though, this alliance supports increased fracking for oil and gas, as well as other controversial technologies that critics say prop up fossil fuels. It's also an agenda matching a number of the former Energy Secretary's personal financial investments.

Coal Industry Group Asks Federal Lawmakers to Cut Funding for Black Lung Program, Citing COVID-19

Read time: 5 mins

The National Mining Association (NMA) on Wednesday called on President Donald Trump and federal lawmakers to respond to the COVID-19 pandemic by cutting a tax used to support coal miners affected by black lung disease, to cut funding to clean up high-priority abandoned coal mine sites, and taking other steps that would financially benefit the coal mining industry.

Adani Beware: Coal Is on the Road to Becoming Completely Uninsurable

Read time: 6 mins
Coal mine
By John Quiggin, The University of Queensland

The announcement by Suncorp that it will no longer insure new thermal coal projects, along with a similar announcement by QBE Insurance a few months earlier, brings Australia into line with Europe where most major insurers have broken with coal.

U.S. firms have been a little slower to move, but Chubb announced a divestment policy in July, and Liberty has confirmed it will not insure Australia’s Adani project.

Other big firms such as America’s AIG are coming under increasing pressure.

Australia's Controversial Adani Coal Mine Gets Final Government Approval

Read time: 5 mins
Students protest the Adani coal mine at the School Strike for Climate

The Adani Carmichael coal mine — one of the most controversial fossil fuel projects in Australia’s history — has been handed its final environmental approval.

Based in Queensland, the Indian-owned mine has been beset by controversy after gaining its first set of approvals back in 2014, sparking a nationwide “Stop Adani” movement and multiple legal challenges.

US Renewable Energy Capacity Beats Coal for the First Time

Read time: 3 mins
Newport Renewables installs solar panels on the Powers Building in the Rhode Island Capitol Hill complex on June 12, 2017

By Jordan Davidson, EcoWatch. Reposted with permission from EcoWatch.

What's the future of coal? The answer may be blowing in the wind. Or running through our waters. Or, maybe it's at the end of a sunbeam.

Wherever the answer is found, the message is clear. Coal is on a downward trend in the U.S. and renewables are on the rise, according to a new report released by the Federal Energy Regulatory Commission, or FERC.

The report shows that renewable energies had slightly more installed capacity than coal, as CNN reported.

Rename Coal to Save It, Suggests UN Climate Talks Sponsor

Read time: 3 mins

JSW, the coal company sponsoring the UN climate negotiations in Poland, has a plan to revive the coal industry: rename coal.

Daniel Ozon, CEO of JSW, believes that coking coal has been tainted by association with thermal coal, and that investors are backing away as a result.

But he thinks a “fancy new name” for coking coal could help.

Polish Trade Union And Climate Science Denial Group Issue Statement Rejecting Scientific Consensus on Climate Change At COP24

Read time: 3 mins

A Polish trade union has issued a joint statement with a notorious American climate science denial group rejecting the scientific consensus on climate change.

The statement, signed by the Chicago-based Heartland Institute and the trade union Solidarity was released as UN climate talks took place in Katowice, the centre of Poland’s coal heartland region of Silesia.

The talks, known as COP24, are widely considered to be the most important climate meeting since the 2015 summit in Paris and will aim to finalise the rulebook to implement the Paris Agreement.

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