User: flenvcenter Topic: Energy-Independent
Category: Fossil Fuels :: Coal
Last updated: Apr 29 2016 08:19 IST RSS 2.0
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New renewable energy projects may find opportunity in old transmission lines 29.4.2016 High Country News Most Recent
A Montana wind energy project plans to make use of existing infrastructure built for coal.
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The Untold Grassroots History of Iowa's Clean Energy Transformation 29.4.2016 Green on
Mark Kresowik will never forget Merle Bell, the Iowa farmer whose property near Waterloo, which had been in his family for more than 100 years , was to be the site of a proposed coal plant. "Merle wanted to see his kids and grandkids inherit their farm, but had been told that he had virtually no choice but to sell his property and watch the coal plant developers bulldoze his family's legacy," said Mark. "Instead, more than 500 of his friends, neighbors, and supporters banded together to protect their land and their lungs, and prevent the dirty project from ever moving forward." When Mark was hired by the Sierra Club in 2006 as our first organizer in Iowa fighting the Bush-era new coal rush, 75 percent of Iowa's electricity came from coal, and there were three more new coal plants on the drawing board, including the project slated for Merle's farm. Fast forward to earlier this month, when Warren Buffett's Iowa-based utility MidAmerican announced it will invest $3.6 billion in a 2,000-megawatt wind project ...
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The Global South: The Heart of the Break Free Movement 28.4.2016 Green on
Communities worldwide, especially in the resource-rich Global South, have been fighting against the environmental, social, economic and political destruction inflicted by the fossil fuel industry for decades. Unfortunately many in power in developing economies still cling to the fallacy that progress is only possible by using fossil fuels, rather than taking the opportunity to leapfrog the mistakes of the Global North. The reality is that true sustainable development is only possible by opting for economies built on renewable energy systems. Our governments should be bold and choose cutting edge renewable energy solutions that are not only cleaner and better for the environment, but also ultimately cheaper as they are fueled for free by the sun and the wind. Faced with a vacuum of action, people worldwide are providing the much needed leadership by intensifying pressure through peaceful civil disobedience on a global scale, demanding a shift to happen. These efforts to mobilise are inspired by many ...
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Can we learn from Europe’s approach to laid-off coal miners? 27.4.2016 High Country News Most Recent
A more secure safety net for workers in transition means higher taxes, a tradeoff many Americans oppose.
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Australian river on fire with fracked coal seam gas 24.4.2016 Sustainable Ecosystems and Community News - ENN
So much methane is bubbling into a river surrounded by hundreds of fracking wells that it's a fire hazard! Local campaigners blame the coal seam gas industry for the gas releases which are spreading along Queensland's river Condamine and gaining in intensity.So much methane gas is now bubbling up through the Condamine River in Queensland, Australia that it exploded with fire and held a large flame.Gas seeping into the river began shortly after coal seam gas operations started nearby and is growing in volume and the stretch of river affected is expanding in length. 
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Barons of Coal, Begetters of Change 19.4.2016 Views
Scott Greytak

Last week, the former CEO of the Massey Energy Company, once the fourth largest producer of coal in the United States, was sentenced to the maximum penalty allowed by law – one year in prison, one year of supervised release, and a fine of $250,000 – for conspiring to willfully violate mine health and safety standards. The core elements of the Massey story, which amount to a virtual case study in the abuse of corporate power, resonates with generations of West Virginians.

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Could a Democratic President End Fracking? 19.4.2016 Truthout - All Articles
President Obama's decision to put a transition to clean energy on hold in favor of another fossil fuel set the stage for a fierce showdown between Hillary Clinton, who seems content to continue down Obama's path, and Bernie Sanders, who opposes fracking and the fossil fuel industry's powerful influence on politics. Kaye Fissinger, a supporter of her town's fracking ban, holds a sign promoting the ban at the site of a planned oil well, in Longmont, Colorado, November 21, 2012. (Photo: Matthew Staver / The New York Times) Love it or hate it, hydraulic fracturing, or fracking, has become central to the United States' energy portfolio. Fracking has unlocked vast domestic fossil fuel reserves over the past decade, and plenty of oil and gas still remains in the ground. Whether it stays there or not is the question now facing the politicians scrambling to curb climate disruption, and the debate over fracking has driven a wedge down the middle of the Democratic Party. The scope of fracking in the United States ...
Also found in: [+] “Sweden has to stop Vattenfall’s dirty deal” 18.4.2016 Newswire

Swedish state-owned energy company Vattenfall is expected to decide today to sell its lignite operations in Germany to Czech investor EPH and investment group PPF. Europe Team Leader Nicolò Wojewoda commented:

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Pipelines or pipedreams? The Leap Manifesto and Alberta's dilemma 16.4.2016 - News for the rest of us
It's clear that the climate is changing. The Paris Agreement on climate change brought together 195 nations representing virtually the entire planet in what many understood was the last chance to achieve a framework agreement that might have a chance to keep climate change within reasonable bounds that would not radically destabilize the planet and human civilization along with it. As Green Party leader Elizabeth May said when I spoke with her about the ...
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Coal Industry 'Up in Smoke' and It's Blaming Everyone But Itself 15.4.2016 Green on
Recently the U.S. Energy Information Administration reported that in 2016, for the first time in history, natural gas will surpass coal as the top source of energy in the U.S. This revelation comes on the heels of a string of bad news for the coal industry over the past few months, with Oregon passing a bill to phase out coal from its power supply, Missouri-based Peabody Energy -- the world's largest private coal company -- indicating that it may soon file for bankruptcy, and the January bankruptcy filing of Arch Coal which owns the second largest U.S. Coal reserves. Faced with these and other harbingers of their own mortality, coal producers have been quick to assign blame for the decline in their financial returns. Their most recent scapegoat is the Department of the Interior, which recently announced a moratorium on new coal leasing on public lands while it issues a comprehensive review of coal mining on federal lands , which accounts for 40 percent of all U.S. coal produced. While the costs of coal ...
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How Carbon Markets Can Take The Sting Out Of Peabody Debacle 15.4.2016 Green on
This story first appeared on Ecosystem Marketplace Five months after it agreed to stop lying to investors about the impact that "climate change and potential regulatory responses" were having on its business - and four months after it was caught funding climate-science denier William Happer - Peabody Energy Corporation became the 50th coal company to declare bankruptcy , and it attributed its dire predicament to "unprecedented factors" beyond its control. "Industry pressures in recent years include a dramatic drop in the price of metallurgical coal, weakness in the Chinese economy, overproduction of domestic shale gas and ongoing regulatory challenges," said the company - once the world's largest publicly-traded coal company - in a press release that also assured investors that "multiple third-party estimates project that both the US and global coal demand will stabilize." The announcement surprised no one and serves as "a harbinger of the end of the fossil fuel era," says Jenny Marienau, who is the US ...
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3 Reasons Why Coal Companies Declaring Bankruptcy Is Bad 15.4.2016 Green on
Peabody Energy made big news this week when it announced it had filed bankruptcy in the United States. It follows a who's-who of other major companies that have already done the same, including Arch Coal and Alpha Natural Resources. But Peabody is significant because it is the second largest domestic producer of coal and because even people who do not pay attention to the energy sector are turning in their seats to watch the coal industry train wreck as it happens. What happened to coal? That depends who you ask, because both the environmental side and the coal side have finely crafted talking points. The environmental side would say that coal was asked to meet basic standards for carbon output and water toxicity and it failed to do so. Coal would say that a coordinated attack coming straight from the White House handcuffed the industry with regulations and then over-subsidized their competitors in the clean energy sector. Neither narrative is completely accurate. But one thing can be agreed on: Peabody ...
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In Light of Peabody’s Bankruptcy Navajos Demand Just Transition 15.4.2016 Newswire

The nation's largest coal company, Peabody Energy Corporation, filed for Chapter 11 bankruptcy protection Wednesday as the coal industry grapples with the fallout of low natural gas prices and the increased enforcement of federal regulations. Peabody has ownership stakes in 26 mines in Australia and the U.S. including the Kayenta Mine located in the Black Mesa region of the Navajo Nation.

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In Energy Politics, Simple Wins, But Simple is Usually Wrong 14.4.2016 Politics on
In presidential politics, ideas that are simple and straightforward seem to be winning voters. When it comes to fossil fuels, politicians have long kept things simple: Republicans tend to be for them, Democrats against them. Bernie Sanders recently made headway against Hillary Clinton by trumpeting his unqualified opposition to fracking to produce natural gas and oil, driving Clinton to the left on that issue . But by lumping all fossil fuels together in this way, we resist an important truth: that a nationwide ban on fracking would almost certainly be bad for health and the environment. The reason is not complicated. It is based on two unassailable propositions. First, in the United States, we rely on the market to supply our energy needs. We use the least expensive fuels to make electricity, within the limits of the law, environmental regulations and requirements of the electric grid. When natural gas is inexpensive relative to coal, we burn more natural gas. When coal is the less expensive fuel, we ...
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Why Peabody’s Bankruptcy Requires a Just Transition 14.4.2016 Views
Jenny Marienau

Peabody Energy filed for Chapter 11 bankruptcy on Wednesday morning. Their executives claimed it was a hard decision, but the right one for the company.

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Hint: It's Not Obama That's Killing The Coal Industry 14.4.2016 Politics on
Peabody Energy, the world's largest privately-owned coal company, filed for bankruptcy  on Wednesday -- and it wasn't because of President Barack Obama's so-called war on coal . Peabody cited "unprecedented industry downturn" in its  its statement  announcing the bankruptcy filing. "Industry pressures in recent years include a dramatic drop in the price of metallurgical coal, weakness in the Chinese economy, overproduction of domestic shale gas and ongoing regulatory challenges," the St. Louis-based company said. Yes, the Peabody statement does cite "regulatory challenges" -- but only after listing much more powerful market forces undermining the industry globally. Peabody Energy joins  Arch Coal , Alpha Natural Resources , and Patriot Coal among American coal companies that have filed for bankruptcy in recent months. While environmental regulations do affect the industry, the major Obama administration rules that coal's defenders claim will gut the industry and shut down coal-fired power plants haven't ...
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4 Things to Know About the Peabody Energy Bankruptcy 14.4.2016 Views
Kelly Mitchell

For 133 years, Peabody has been the bedrock of the U.S. coal mining industry. While coal CEOs have tried to downplay the emerging clean energy economy and the power of grassroots activists globally, the fall of a coal titan speaks for itself.

Here’s what you need to know.

Why did Peabody declare bankruptcy?

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'The Biggest Coal Giant Has Fallen': Peabody Files for Bankruptcy 13.4.2016 Headlines
Nadia Prupis, staff writer

Coal giant Peabody Energy Corporation filed for Chapter 11 bankruptcy on Wednesday, signaling what climate advocates hope is a death knell for dirty energy.

"Peabody Energy's bankruptcy is a harbinger of the end of the fossil fuel era," said Jenny Marienau, divestment campaign manager with the climate advocacy group

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Some Benevolent Green Billionaire Should Buy The Whole U.S. Coal Industry Right Now 13.4.2016 Green on
The U.S. coal industry is in terrible shape. Peabody Energy, the world’s largest private coal company, filed for bankruptcy on Wednesday . Fellow coal giants Alpha Natural Resources, Arch Coal, Patriot Coal and Walter Energy have each filed for bankruptcy since January 2015. More than three dozen smaller coal companies have gone under in the last four years . And the coal companies that aren't bankrupt are worth a fraction of what they used to be. Thanks to falling demand from China, a natural gas boom in the U.S. and a string of debt-fueled mergers, the total value of the U.S. coal industry has fallen by two-thirds in the last five years, from just over $60 billion to $22 billion. Including money coal companies have pledged to restore damaged land brings the total to just under $25 billion.  As a result, one of the most audacious environmental ideas out there is getting cheaper and cheaper to pull off. "The idea is simple," Robinson Meyer wrote last year in the Atlantic: buy up the U.S. coal industry , ...
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Peabody's Bankruptcy: A Giant Falls, But Its Obligations Remain 13.4.2016 Green on
This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy . For market watchers around the globe, this was a decisive movement in the long decline of an industry that once seemed invincible - the New York Times called it " Wall Street's retreat from King Coal ." For those of us who live and work in Appalachia, this is the IMAX version of a movie we've seen many times before, one where coal company executives take the money and run, attempting to leave communities and taxpayers holding the bag for ruined communities, workers, mountains, and rivers. This time, we can't let them get away with it. There's way too much at stake. The transition away from polluting coal to clean energy is essential to protecting the health of our communities and our climate, and the Peabody bankruptcy is one of the clearest signs that there's no reversing that trend. Thanks to to the grassroots leaders who stopped the construction of 184 coal plants, secured the ...
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