coal

Coal Mining's Financial Failures: Two Thirds of World's Production Now Unprofitable

Sixty-five percent of the world's coal production is unprofitable at today's prices, a new research report by Wood Mackenzie, a commercial intelligence company often cited by investment analysts and the coal industry itself, concluded.

Both major types of coal — the coking coal used for making steel and the thermal coal burned in coal-fired electrical power plants — were included in Wood Mackenzie's analysis. The estimate may be conservative, as the group excluded some costs incurred during mining, and focused primarily on the sharp drop in the price of coal.

ExxonMobil, Peabody Coal Lobbying for Bill Preventing Climate Change Accounting in US Trade Deals

The day before global leaders and diplomats passed a climate change deal in Paris at the United Nations climate summit, the U.S. House of Representatives — in a 256-158 vote — authorized the final text of a bill that has a provision preventing climate change to be accounted for in all U.S. trade deals going forward.

That bill, the Trade Facilitation and Trade Enforcement Act of 2015 (H.R.644), now may proceed for full-floor votes in both the House and the U.S. Senate after its conference report was agreed upon. A DeSmog review of lobbying records shows the bill has received heavy fossil fuel industry support. 

Meet The Paris Climate Summit's ‘Big Energy’ Sponsor Engie

BY KYLA MANDEL AND BRENDAN MONTAGUE IN PARIS

French energy giant Engie is perhaps the most prominent and most promoted corporate sponsor of the COP21 climate talks in Paris.

Engie, formerly known as GDF Suez, can be seen everywhere from the launch of India’s Solar Alliance on Monday to a ‘wind tree’ outside the COP21 venue at Le Bourget and the white lock-boxes spread throughout the halls where attendees can charge their devices.

And today the company will lead the charge at the opening of Solutions COP21 where corporates are gathering in central Paris to promote their various climate solutions. Here, Engie will be discussing opportunities for start-ups as well as showcasing a solar-powered race car and an air purifying robot.

Coal Baron Don Blankenship Found Guilty Of Conspiring To Violate Mine Safety Standards

The verdict is in: Don Blankenship, the outspoken coal baron who was CEO of Massey Energy when the 2010 Upper Big Branch disaster in West Virginia claimed the lives of 29 coal miners, has been found guilty of conspiring to violate federal mine safety standards.

It’s a small measure of justice for the families of the fallen miners who packed the front row of the courthouse to hear Judge Irene C. Berger read the verdict.

Blankenship is facing a maximum fine of $250,000 and a sentence of one year in prison on the misdemeanor conspiracy charge. He’ll be sentenced this spring.

Divestment Movement Hits Major Milestone As World Leaders Debate Climate Action In Paris

More than 500 institutions that manage $3.4 trillion in assets have now committed to divesting holdings in fossil fuels, divestment campaign groups announced today in Paris.

As recently as September 2014, just 181 institutions managing $50 billion in assets had made some sort of divestment commitment.

350.org and Divest-Invest, two of the key groups organizing the divestment movement, announced the new additions to the growing list of divestors this morning in Paris at the UN COP21 climate negotiations.

Matt 'King Coal' Ridley's COP21 Claims Create More Heat than Light

GUEST POST BY SOU AT HOTWHOPPER

It's not just deniers who have sunk to a new low. Scientific American has too. The magazine made something of a mockery of a collection of in-depth articles about climate change by including an article from science disinformer Matt Ridley.

I'm told Matt's article is only in the online edition, not the print edition, but it shouldn't have been in either. Matt claimed (despite all evidence that already we are seeing extreme weather disasters from global warming) that 'Climate Change Will Not Be Dangerous for a Long Time'. The publication is timed to coincide with the COP21 conference currently taking place in Paris. 

The misleading headline is really bad and something I'd never expected to see at the once admired magazine. Matt Ridley's article is full of the sort of nonsense you'd expect to read on climate conspiracy blogs. It starts with:

Alberta Climate Announcement Puts End to Infinite Growth of Oilsands

Alberta Climate Change Announcment

The days of infinite growth in Alberta’s oilsands are over with the Alberta government’s blockbuster climate change announcement on Sunday, which attracted broad support from industry and civil society.

This is the day that we start to mobilize capital and resources to create green jobs, green energy, green infrastructure and a strong, environmentally responsible, sustainable and visionary Alberta energy industry with a great future,” Premier Rachel Notley said. “This is the day we stop denying there is an issue, and this is the day we do our part.”

Notley and Environment & Parks Minister Shannon Phillips released a 97-page climate change policy plan, which includes five key pillars.

Coal is Not the Answer to Energy Poverty and Here’s Why

Worldwide, the coal industry is suffering as the demand for its product weakens in the face of a surge in clean, renewable energy options and a world that can no longer afford to continue to consume this dirty fossil fuel.

To deal with this decline in revenue, some coal companies like Peabody Energy are spending millions on advertising, public relations and lobbyists to convince politicians that coal is the answer to the issue of energy poverty in developing nations in Africa, Asia and other parts of the world.

Matt Ridley Lobbied Government on Costs of Climate Change Policies, Documents Reveal

The climate denier and Tory peer whose coal mine was targeted by protesters has been quietly lobbying government, documents newly released under Freedom of Information rules confirm.

Matt Ridley, author of Rational Optimist, benefits financially from millions of tonnes of coal extracted from open-cast mines on his Blagdon Estate, just north of Newcastle.

But he does not mention this vested interest in any of the letters sent to Baroness (Sandy) Verma attacking government subsidies to renewable energy, a commercial rival to coal.

Meet the Climate Change Activists Inside Matt Ridley’s Conscience

They slipped into place under the cover of darkness. With bicycle D-locks around their necks chained to diggers in the middle of the UK’s largest open-cast coal mine, and arms sealed inside concrete-laden, red-sequined tubes at the site’s entrance, this was Matt Ridley’s Conscience calling for the end of coal – the dirtiest fossil fuel of them all.

By dawn, mine workers and lorry drivers, unable to enter the site, turned away. After eight and a half hours of peaceful protest and nine arrests, victory was declared Monday afternoon for having successfully closed operations for the day.

This is what happens when a group of concerned individuals come together to act on climate change. But who exactly are these individuals and why are they calling themselves ‘Matt Ridley’s Conscience’?

Pages

Subscribe to coal