coal


King Coal’s Stages of Grief, Part 4: Bargaining for Delay

, senior energy analyst

This week’s post in my ongoing series focuses on the third stage of grief, bargaining. The U.S. coal industry continues to get hammered by a series of terrible earnings reports, an ongoing wave of bankruptcies, and falling bond prices. Since my last post, Alpha Natural Resources has been delisted from the New York Stock Exchange because of consistently and unusually low stock prices, and Arch Coal executed a 10-1 reverse stock split in an effort to delay the same fate. In the bargaining stage, the grieving person typically looks for ways to avoid the ultimate fate, or buy time. For the coal industry, the bargaining stage manifests itself as industry supporters trying to delay any attempt to limit pollution from coal, including action to reduce carbon emissions. Read more >

Bookmark and Share

King Coal’s Stages of Grief, Part 2: Financial Risk and the Economics of Coal

, senior energy analyst

This post continues my series on King Coal’s Stages of Grief, and focuses on more denial—this time about economics. Yesterday the U.S. Energy Information Administration (EIA) noted that the production of coal from mountaintop removal (MTR) mining has decreased by 62 percent since 2008. And last month, Bank of America released its new Coal Policy, committing to phasing out financial support for mountaintop removal coal mining. Read more >

Bookmark and Share

King Coal’s Stages of Grief, Part 1: Facing the Facts

, senior energy analyst

Coming from a coal mining family, I’m well aware of the seemingly vast coal resource underground and how extracting that resource has helped boost local economies, including the one where I grew up. As the reality of climate change sets in, however, and the impacts of burning fossil fuels become all too real, it’s clear that the status quo is not sustainable. Looking at the recent incredible growth in wind and solar, the boom in shale gas from fracking, and headline after headline full of bad news for the coal industry, I began wondering, How does it feel to be a coal miner right now? And more importantly, how do we ensure the future is hopeful for them as well? It’s a deeply personal question to me. Read more >

Bookmark and Share

Lawyers for Coal

, senior energy analyst, Climate & Energy Program

Laurence Tribe – popularly known as “President Obama’s old law professor” – is testifying today against the Clean Power Plan before the House Subcommittee on Energy & Power, on behalf of Peabody Energy. But here he’s not acting as a teacher- he’s a lawyer fiercely advocating for his paying client.  We have a full preview of how he will distort the case against CO2 regulation from the comments he co-wrote with Peabody Energy on December 1, 2014. Read more >

Bookmark and Share

Risking Our Clean Energy Future by Gambling with an Overreliance on Natural Gas

, asst director of research & analysis, Clean Energy

Many U.S. electric utilities are doubling down on natural gas to generate power as they retire aging and polluting coal plants. While this unprecedented shift does provides some near-term benefits, dramatically expanding our use of natural gas to generate electricity is an ill-advised gamble that poses complex economic, public health, and climate risks. Read more >

Bookmark and Share