• China’s New Coal Boom Stuns Markets

    • Date: 04/11/16
    • Bloomberg

    China’s drive to reduce overcapacity and streamline its coal industry has sent prices of the bulk commodity soaring. Efforts initially aimed at reversing a four-year collapse and help miners repay debts have pushed coal higher and faster than anyone anticipated. The fuel burned in power stations has doubled, while the coal used in steel making has more than tripled. The […]

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  • China Will Still Be Building One Coal Power Plant A Week in 2020

    • Date: 03/11/16
    • Reed Landberg, Bloomberg

    Asia’s demand for coal is likely to increase for years to come even though countries including China, Japan and India have agreed on steps to limit fossil-fuel pollution damaging the climate. That’s the conclusion an analysis of Bloomberg New Energy Finance delivered at its conference in Shanghai on Wednesday. The charts below from a presentation […]

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  • The World Is Swimming In Cheap Oil; Stockpiles Show Largest Jump On Record

    • Date: 02/11/16
    • Alison Sider and Neanda Salvaterra, The Wall Street Journal

    Oil dips to $45 as US crude stockpiles show largest jump on record Oil prices dropped sharply Wednesday as weekly inventory data revealed a much larger-than-expected increase in crude-oil stockpiles. U.S. crude futures fell $1.58, or 3.39%, to $45.09 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.55, or 3.22%, […]

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  • Back To Black As U.S. Coal Trains See 50% Rise In Transport

    • Date: 28/10/16
    • Gregory Meyer, Financial Times

    The amount of the fossil fuel carried on trains is up nearly 50% from April Coal is hitching a ride on US rails again. The bulky fossil fuel has been under siege by environmental rules and competition from cheap shale gas. Railroads, the only practical way to haul coal across land, suffered collateral damage. But the story […]

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  • Victims of the South Australia Statewide Blackout to Sue Wind Farm Operators

    • Date: 23/10/16
    • Eric Worrall, Watts Up With That

    During the recent statewide blackout in South Australia, there is no doubt that unstable output from wind farms triggered the cascade of events which caused the power outage. The question is – are wind farm operators liable for the economic harm their “product” caused? Lawsuit looms over South Australia wind shutdown South Australian businesses left […]

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  • French Reactor Outages Drive Coal Boom Across Europe

    • Date: 21/10/16
    • Oleg Vukmanovic and Susanna Twidale, Reuters

    France’s stricken nuclear power sector has become a key driver of European power prices, fuelling gains across markets and pushing coal back into the limelight as winter nears. Data shows France burned more coal, oil and gas in September than at any time since 1984 while utilities in Germany continue to lean heavily on coal-fired electricity […]

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  • Former Greenpeace Leader Goes All Out For Fracking

    • Date: 21/10/16
    • Valerie Richardson, The Washington Times

    A former Greenpeace leader butted heads Tuesday with the anti-fracking movement by insisting that hydraulic fracturing is needed to help fight global warming. Stephen Tindale, who was executive director of Greenpeace U.K. from 2000 to 2005, said that fracking, used to extract natural gas and oil from underground rock, helps combat greenhouse-gas emissions by reducing reliance on coal. “[T]oday […]

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  • Energy Analysts Dismiss ‘Carbon Bubble’ Warning

    • Date: 19/10/16
    • Ed Crooks, Financial Times

    Oil and gas companies are valued largely on reserves that will be produced over the next 15 years, meaning that their investors are not vulnerable to longer-term changes in energy markets, a leading industry adviser has said. Daniel Yergin of IHS Markit rejected warnings of a “carbon bubble” that could destabilise financial markets as policies to combat […]

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