$22 million lease covers 56 million tons of coal in central Utah U.S. Department of the Interior Secretary Ryan Zinke announced the approval of a $22 million coal lease this week. The lease, located on the Greens Hollow tract in central Utah, was issued by the DOI to Canyon Fuel Company, LLC, a subsidiary of Bowie Resource Partners, LLC. On
The inevitability of coal’s decline–that perception will probably change: Pipes To set the stage for a coal comeback, one factor is already in place Within minutes after his inauguration, President Trump posted a memo on the White House website entitled “An America First Energy Plan.” The memo said: “President Trump is committed to eliminating harmful and unnecessary policies such as
From Forbes The largest coal power plant in the western United States, the Navajo Generating Station near Page, Arizona, may shut down soon due to low natural gas prices, the plant’s operators report. The struggles of the power plant illustrate the changing economics of power generation and new opportunities provided by affordable, low-emissions natural gas. According to the Salt River
As Europe and America consume less coal, China gains greater influence over coal industry In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4% annual growth, with demand in 2016 to be below 2013 levels. Consumption decreased for the first time in 2015 as declines in
Environment Minister Catherine McKenna speeds up Canada’s climate plan; further coal mining jobs in U.S. and Canada at risk Canada will completely phase out coal power by 2030 as part of the country’s goal to meet greenhouse-gas reduction targets. Upon returning from the United Nations-sponsored climate-change conference in Morocco, Canadian Environment Minister Catherine McKenna said coal power in the country
From Power Magazine The Minnesota Public Utilities Commission (MPUC) voted unanimously to support Xcel Energy’s latest long-range plan, which will transform the company’s energy fleet. Xcel expects to more than double its renewable energy portfolio as a result, delivering greater than 60% carbon-free energy to its Upper Midwest (Michigan, Minnesota, North Dakota, South Dakota, and Wisconsin) customers by 2030. The
Coal industry sheds 21% of its West Virginia jobs, no longer state’s largest industrial employer West Virginia shed more industrial jobs over the past twelve months than at any year since the end of the recession, according to a new report in the 2017 West Virginia Manufacturers Register®, an industrial database and directory published by Manufacturers’ News. According to the
The EIA released data today showing that U.S. energy-related carbon dioxide (CO2) emissions totaled 2,530 million metric tons in the first six months of 2016. This was the lowest emissions level for the first six months of the year since 1991, as mild weather and changes in the fuels used to generate electricity contributed to the decline in energy-related emissions.
As the No. 2 U.S. coal miner emerges from bankruptcy, a report in Europe warns of trouble ahead for the U.K. Arch Coal, Inc. (ticker: ARCH) said last week that it has successfully completed its financial restructuring and emerged from court protection with more than $300 million of cash on its balance sheet and a debt level of $363 million—7% of
From Power Magazine Now that the political conventions are over and Americans must choose between two presidential candidates, the rhetoric around coal’s future continues to heat up. What neither candidate is telling you, however, is that no matter who is elected in November, no matter what the makeup of the next Congress is, America’s coal age is over. The answer
Domestic U.S. energy production of 89 quadrillion Btu accounted for 80% of U.S. energy supply: EIA U.S. energy production totaled 89 quadrillion Btu in 2015, according to the latest information from the EIA. Domestic production increased 2 quadrillion Btu, or roughly 2%, year-over-year. The majority of that production – 80% — came from fossil fuels, according to the agency. Gross withdrawals
Global Demand for Electricity Expected to Double over the Next Two Decades Asia accounts for a 45% increase in additional new power units being planned or under construction that are currently active. The global collective push for cleaner fuels is driving a push for more natural gas amid a future wave of gas supply and expected low prices. Coal is
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