Trump promised to rescue the coal industry. It’s not working out that way
6 years, 1 month ago

Trump promised to rescue the coal industry. It’s not working out that way

CNN  

New York CNN Business — The Trump administration attempted a daring rescue of the coal country, but the pro-coal agenda is failing to jump-start a renaissance — and analysts don’t see one on the horizon. “We’re seeing energy Darwinism,” said Matt Gray, senior analyst for utilities and power at London-based think tank Carbon Tracker. “The industry is looking at its aging coal fleet and saying, ‘I can either fix this at great risk or move to renewables and natural gas at much lower costs,’” said Andy Roberts, research director of global thermal coal markets at consulting firm Wood Mackenzie. John Ketchum, NextEra Energy’s chief financial officer, recently called it the “best renewables environment in our history.” Coal still king in 18 states Coal is not going away completely. Under the existing market structure, US energy companies face $78 billion in stranded asset risk from coal, according to a Carbon Tracker study released last week.

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History of this topic

'We don't have power': Trump rambles about energy policy in fact-challenged rant
4 months, 1 week ago

'We don't have power': Trump rambles about energy policy in fact-challenged rant

Raw Story  

Donald Trump spoke extensively about energy when speaking before The Economic Club of New York on Thursday. Claiming a "1929 depression" was coming and the United States was "becoming a third-world banana republic," the ex-president claimed U.S. power plants were being shut down and that Americans were suffering as a result. Read Also: Something broke Trump's brain Trump then said …

China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts
4 months, 3 weeks ago

China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts
4 months, 3 weeks ago

China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts

Associated Press  

BEIJING — Approvals for new coal-fired power plants in China dropped sharply in the first half of this year, according to an analysis released Tuesday, after a flurry of permits in the previous two years raised concern about the government’s commitment to limiting climate change. China leads the world in solar and wind power installations but the government has said …

More than 800 coal plants worldwide could be profitably decommissioned, research group says
6 months, 4 weeks ago

More than 800 coal plants worldwide could be profitably decommissioned, research group says

The Hindu  

More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are scheduled to shut down by 2030, more could close if efforts are made to identify opportunities, the Institute for Energy Economics …

Joe Manchin vows to block 'radical climate agenda,' rakes in oil and gas industry contributions
1 year, 8 months ago

Joe Manchin vows to block 'radical climate agenda,' rakes in oil and gas industry contributions

Raw Story  

This article originally appeared in OpenSecrets. Manchin, chair of the Senate Energy Committee and the top recipient of contributions from the oil and gas industry during the 2022 election cycle, vowed Wednesday to oppose every one of President Joe Biden’s nominees for the EPA “until they halt their government overreach.” “This Administration is determined to advance its radical climate agenda …

EPA says pollution limits proposed for U.S. coal, gas power plants reflect climate crisis ‘urgency’
1 year, 8 months ago

EPA says pollution limits proposed for U.S. coal, gas power plants reflect climate crisis ‘urgency’

LA Times  

Environmental Protection Agency Administrator Michael S. Regan speaks about new proposed limits on greenhouse gas emissions from coal- and gas-fired power plants during an event at the University of Maryland on Thursday in College Park, Md. The Biden administration proposed new limits Thursday on greenhouse gas emissions from coal- and gas-fired power plants, its most ambitious effort yet to roll …

Greenpeace claims China approves significant increase in coal power despite emissions pledge
1 year, 8 months ago

Greenpeace claims China approves significant increase in coal power despite emissions pledge

Firstpost  

The increase in coal-fired power plant licences has raised worries that China may abandon its plans to reach carbon neutrality by 2060 and peak emissions between 2026 and 2030 Beijing, China: Greenpeace claimed Monday that China has permitted a significant increase in coal power so far this year, favouring energy supply over its goal to cut emissions from fossil fuels. …

G-7 pledges put coal on notice, could boost climate aid
2 years, 7 months ago

G-7 pledges put coal on notice, could boost climate aid

Associated Press  

BERLIN — Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond that date. Under pressure to step up their financial aid to poor nations, the G-7 ministers in Berlin said …

Power bills to fall in next two years as political stoush over coal continues
4 years, 11 months ago

Power bills to fall in next two years as political stoush over coal continues

ABC  

It might surprise you after years of spiralling price rises, but your electricity bill is set to fall. Key points: New figures from AEMO show the spot price for electricity fell almost 20 per cent in the last quarter of 2019 There have been periods when generators have had to pay to generate electricity, due to solar power flooding into …

Coal power to be phased out by 2024 as Boris Johnson says UK has duty to fight climate change as first industrialised nation
4 years, 11 months ago

Coal power to be phased out by 2024 as Boris Johnson says UK has duty to fight climate change as first industrialised nation

The Telegraph  

Coal power will be phased out by 2024, Boris Johnson confirmed on Tuesday as he declared that the UK had a duty as the first industrialised nation to lead the fight against climate change. After declaring a “year of climate action” alongside Sir David Attenborough, the Prime Minister has announced plans to bring forward the deadline for ending the country’s …

After confirming withdrawal from Paris climate accord, US eases Obama-era rules on coal pollution
5 years, 2 months ago

After confirming withdrawal from Paris climate accord, US eases Obama-era rules on coal pollution

India Today  

The Trump administration accelerated the pace of its environmental rollbacks for the country's coal-fired power plants on Monday, proposing to weaken two Obama-era rules aimed at cleaning up dangerous heavy metals and ash from coal plants and keeping them from washing into groundwater and waterways. The new proposals - the latest in a series of regulatory breaks granted by the …

New coal plants rising in China despite Beijing’s big climate pledges
5 years, 3 months ago

New coal plants rising in China despite Beijing’s big climate pledges

CNN  

Inner Mongolia, China CNN — On the coal-rich plains of Inner Mongolia, thick white smoke curls from the huge chimney of a thermal coal power plant which the Chinese Communist Party had pledged to stop constructing two years ago. The order came from China’s National Energy Administration as part of a government plan to eliminate millions of tons of “overcapacity” …

Top energy regulator agonizes over the downfall of coal country
5 years, 3 months ago

Top energy regulator agonizes over the downfall of coal country

CNN  

New York CNN Business — Neil Chatterjee, America’s top energy regulator, grew up in the heart of coal country. There’s not a Walmart or Burger King for 30 miles where they can get alternative employment,” said Chatterjee, who was appointed to FERC, which regulates interstate power, in 2017 by President Donald Trump. “The only asset that people in these communities …

Coal power is dying. The market has spoken
5 years, 3 months ago

Coal power is dying. The market has spoken

CNN  

New York CNN Business — President Donald Trump has gutted regulations on the coal industry, falsely claimed that windmills cause cancer and installed a former coal lobbyist to lead the EPA. The economics have been front and center on this transition.” Duke Energy CEO Lynn Good “It’s hard to see any scenario where coal rebounds,” said Joe Aldina, manager of …

Amid urgent climate warnings, EPA gives coal a reprieve
5 years, 6 months ago

Amid urgent climate warnings, EPA gives coal a reprieve

Associated Press  

WASHINGTON — Amid scientists’ increasingly urgent warnings, the Trump administration ordered a sweeping about-face Wednesday on Obama-era efforts to fight climate change, easing restrictions on coal-fired power plants in a move it predicted would revitalize America’s sagging coal industry. It came despite scientists’ cautions that the world must cut fossil fuel emissions to stave off the worst of global warming …

Trump Administration Weakens Climate Plan To Help Coal Plants Stay Open
5 years, 6 months ago

Trump Administration Weakens Climate Plan To Help Coal Plants Stay Open

NPR  

Trump Administration Weakens Climate Plan To Help Coal Plants Stay Open Enlarge this image toggle caption J. David Ake/AP J. David Ake/AP Updated at 3:11 p.m. Sponsor Message Wheeler echoed arguments coal industry supporters have made, saying the Obama administration overstepped its authority under federal law when it issued the more sweeping Clean Power Plan in 2015. Sponsor Message The …

Trump’s rollback of GHG curbs won’t stop shift away from coal
5 years, 6 months ago

Trump’s rollback of GHG curbs won’t stop shift away from coal

Al Jazeera  

Trump’s efforts to stop ‘war on coal’ won’t stop the transition to cheaper electricity generated by wind, sun and gas. President Donald Trump is scaling back sweeping Obama-era curbs on greenhouse gas emissions from power plants burning coal, his biggest step yet to fulfill his campaign promise to stop a “war” on the fossil fuel. The EPA’s final “Affordable Clean …

Utilities rush for the exit door on coal — and there's nothing Trump can do to stop them
5 years, 7 months ago

Utilities rush for the exit door on coal — and there's nothing Trump can do to stop them

Salon  

The keynote speaker at McKinsey’s Global Sustainability Summit in Chicago was Anne Pramaggiore, vice president and CEO of Exelon, one of America’s biggest utilities. Even the Indiana Chamber of Commerce said, “No thanks, we can’t afford coal.” It turns out the state’s business climate has been significantly hurt by providing expensive power bought from outdated coal plants If coal can’t …

Global investment in coal tumbles by 75% in three years, as lenders lose appetite for fossil fuel
5 years, 7 months ago

Global investment in coal tumbles by 75% in three years, as lenders lose appetite for fossil fuel

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But while dependence on coal remains high, with coal-fired power plants currently fuelling around 38 per cent of global …

America’s renewable energy set to surpass coal for the first month ever
5 years, 8 months ago

America’s renewable energy set to surpass coal for the first month ever

CNN  

New York CNN Business — America’s clean energy revolution is on the verge of a tipping point. The renewable energy sector is projected to generate more electricity than coal during the month of April, according to a recent report published by the Institute for Energy Economics and Financial Analysis. “The transition that’s going on in the electric sector in the …

Trump-appointed energy official: Climate change is real and we must lower carbon emissions
5 years, 9 months ago

Trump-appointed energy official: Climate change is real and we must lower carbon emissions

CNN  

New York CNN Business — A top federal energy regulator appointed by President Donald Trump is calling for urgent action to address climate change. Wednesday’s comments by Neil Chatterjee mark a striking contrast with Trump, who has voiced skepticism about climate change and recently suggested wind power causes cancer — despite no evidence to support that. Power emissions drop Natural …

Xcel Energy was a coal-first power company. Now it’s going carbon-free
5 years, 9 months ago

Xcel Energy was a coal-first power company. Now it’s going carbon-free

CNN  

New York CNN Business — Xcel Energy burned coal to generate nearly half its power just a few years ago. “We are leading the industry,” Xcel Energy CEO Ben Fowke told CNN Business. “It’s a product of what our customers and regulators want.” The transformation of Xcel Energy underscores the rise of renewable energy, driven by a sharp decline in …

More bad news for coal: Wind and solar are getting cheaper
5 years, 9 months ago

More bad news for coal: Wind and solar are getting cheaper

CNN  

New York CNN Business — The simple laws of economics threaten to doom America’s remaining coal power plants. Wind and solar costs have plunged so rapidly that 74% of the US coal fleet could be phased out for renewable energy – and still save customers money, according to a report released on Monday by Energy Innovation, a nonpartisan think tank. …

More coal plants have closed under Trump than in Obama’s last term
6 years ago

More coal plants have closed under Trump than in Obama’s last term

CNN  

Monongahela, Pennsylvania CNN — It sits on the banks of the Monongahela River like a monstrous monument to extinction. “He’s lying to them.” Former miner and now mining consultant Art Sullivan says coal miners have the ability to transfer to other fields. Bill Weir/CNN For 52 years, Sullivan worked in mines around the world and, like many in western Pennsylvania, …

Climate change: Environment Minister rejects top scientists' advice on phasing out coal, after UN's warning
6 years, 3 months ago

Climate change: Environment Minister rejects top scientists' advice on phasing out coal, after UN's warning

ABC  

Federal Environment Minister Melissa Price has argued some of the world's leading climate scientists are "drawing a long bow" in calling for an end to coal power in a bid to limit global warming. Key points: United Nations' IPCC warns that global gas emissions must reach zero by 2050 to stop global warming at 1.5 degrees Environment Minister suggests the …

Trump ready to ease rules on coal-fired power plants
6 years, 4 months ago

Trump ready to ease rules on coal-fired power plants

Associated Press  

WASHINGTON — The Trump administration is set to roll back the centerpiece of President Barack Obama’s efforts to slow global warming, the Clean Power Plan that restricts greenhouse gas emissions from coal-fired power plants. The Environmental Protect Agency announced late Monday that acting administrator Andrew Wheeler planned to brief the news media by telephone Tuesday on what the administration is …

Trump administration’s rewrite of Clean Power Plan will be a boon to the coal industry
6 years, 4 months ago

Trump administration’s rewrite of Clean Power Plan will be a boon to the coal industry

LA Times  

The Trump administration is poised Tuesday to unveil a sweeping rewrite of emissions rules for power plants that would be a boon to the coal industry, laying the groundwork for a revival of the most polluting facilities and abandoning Obama-era mandates for reorienting the electricity sector toward clean energy. The Clean Power Plan replacement comes after 27 states challenged the …

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