The world is increasingly turning to coal for low-cost, reliable power to improve standards of living and drive economic growth. This news compendium offers highlights on the importance of energy from coal around the world.
Energy Future is in Innovation, Not Regulation
| Jan. 9, 2014
The United States depends on coal for nearly 40 percent of its electricity supply, with 48 of 50 states using coal for electricity generation to some degree. At the same time, U.S. electricity demand is expected to grow 28 percent by 2040. Coal must be a part of the energy mix to meet that growing demand.
Coal's New Best Friends: An Environmentalist and Obama's EPA
| Jan. 9, 2014
Big coal’s newest best friends? A prominent environmentalist and the White House. That’s not what you usually hear, but coal investors should listen to Armond Cohen, a lifelong environmental organization lawyer and environmental group chief executive, and read the brand new federal rule on carbon capture and sequestration published by the Environmental Protection Agency last Friday.
EPA Moves to Ban Coal Power While China, Europe Embrace It
The Daily Caller
| Jan. 8, 2014
China Approves Massive New Coal Capacity Despite Pollution Fears
The Environmental Protection Agency has finally published its carbon dioxide emissions limits for power plants, which will effectively ban the building of new coal-fired plants unless they install clean coal technology. The Obama administration’s planned shift away from coal comes as Asia and Europe become more reliant on the fuel source to power their growing economies or to bring down power prices.
| Jan. 7, 2014
China approved the construction of more than 100 million tonnes of new coal production capacity in 2013 – six times more than a year earlier and equal to 10 percent of U.S. annual usage – flying in the face of plans to tackle choking air pollution. The scale of the increase, which only includes major mines, reflects Beijing's aim to put 860 million tonnes of new coal production capacity into operation over the five years to 2015, more than the entire annual output of India.
India's Coal Imports Rise 20 Percent to Help Fuel New Power Plants
| Jan. 7, 2014
Rueing the Waves
India's coal imports rose 20 percent to 105.8 million tonnes in April-October from a year earlier as power producers turned to Indonesia to help feed new plants, according to data from mjunction services, an online market operator. Regulatory and bureaucratic delays in adding new mines and expanding existing ones have made India the No. 3 importer of coal, even though it sits on what BP (BP.L) ranks as the world's fifth-largest reserves.
| Jan. 4, 2014
Since October sightseers on the hills above Edinburgh have gawped at a brand new landmark. Across the Firth of Forth, on a test site, stands the biggest wind turbine in Britain. The tips of its blades rise 196m above sea level. Its rotor sweeps an area twice as large as the London Eye. This monster and others like it are bound for the North Sea – part of the biggest and most ambitious offshore wind programme in the world.
Stuck on a Ship of (Cold) Fools
| Jan. 2, 2014
You have to feel a touch of sympathy for the global warming scientists, journalists and other hangers-on aboard the Russian ship stuck in impenetrable ice in Antarctica, the mission they so confidently embarked on to establish solid evidence of melting ice caps resulting from climate change embarrassingly abandoned because the ice is, in fact, so impossibly thick.