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Tag Archives: coal
Adani should bow out from Carmichael coal mine
A long list of banks and other funding sources have announced they won’t finance the project. It gets worse. The Carmichael mine is part of a larger plan to develop five megamines in the Galilee Basin. The economics of the rail … Continue reading
Blockade world’s biggest coal exporting port
The science is clear. The only way we can prevent a climate catastrophe, is to keep fossil fuels in the ground. Today an unprecedented gathering of hundreds of every day people from all over Australia are meeting at the gateway of Australia’s … Continue reading
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Tagged breakfree2016, civil disobedience, climate change, coal, Newcastle
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Leave it in the ground – Revenue from new coal and gas projects in freefall, costings reveal
The Greens have a policy of approving no new thermal coal or unconventional gas projects in Australia. That includes new mines, as well as expansions to existing mines. In 2013 the party obtained costings from the parliamentary budget office detailing their … Continue reading
True cost of coal
Contrary to dominant views about the industry, coal-fired power is not the cheapest fuel and its value to the community is dubious. Yet this polluting industry continues to enjoy unjustifiable support…Doctors for the Environment (DEA) has serious concerns about Australia’s … Continue reading
Frydenberg’s coal bubble needs to burst
Frydenberg said he wants to “dispel the fallacy” that the sector is in trouble, but his spin rings hollow. Net profit margins among producers of iron ore, coking coal, thermal coal, and liquid natural gas speak much louder of what’s … Continue reading
Why approval more new coal mines?
mine expansion $745M while parent Peabody USA<US38M!! No doubt a report by Peabody’s “expert”, Deloitte Access Economics, will be brandished about with élan. For the report finds the Wilpinjong<coal mine> expansion has net benefits of $745 million; something which may surprise Peabody’s shareholders … Continue reading
Energy switch: Is renewable electricity now driving coal prices?
It’s official: more money was invested in renewables and more generation capacity added in 2015 than ever before. Conventional wisdom has always been that low fossil fuel prices would make renewables uncompetitive even as the cost of renewable energy continues to drop. … Continue reading
As Coal Industry Teeters, Obama Halts Coal Leasing
The Obama administration, in the first major review of the country’s coal program in three decades, on Friday ordered a pause on issuing coal-mining leases on federal land as part of new executive actions to fight climate change…“We have an … Continue reading
One Of The Largest Coal Companies In The United States Just Filed For Bankruptcy
…second-largest coal company in the United States is unable to pay its debts and provide any return at all to its shareholders….Wyoming has allowed Arch Coal to self-bond to cover its reclamation requirements, meaning that if the company is not financially healthy … Continue reading
