Thursday 21st November 2019
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Tag Archives: coal

Global coal production shows 2016 record low

Coal

Is it the end of an era for coal? Production of the fossil fuel dropped by a record amount in 2016, according to BP Plc’s annual review of global energy trends. China, the world’s biggest energy consumer, burned the least coal in six years and use dropped in the U.S to a level last seen in the 1970s, the company’s data ...

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Experts predict Trump’s promise to bring back coal jobs ‘will not be kept’

Trump-coal

Lifting a moratorium against leases for coal mining on public lands will not create demand for coal as power companies continue to shift to natural gas and other energy sources, experts say President Trump lifted a moratorium on federal coal leases on Tuesday, March 28, 2017 paving the way for excavation of a fossil fuel on public land in the ...

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Wind energy surpasses hydroelectric power in U.S., coal in Europe

Offshore_wind_turbines

The wind certainly blows across the world and, not unexpectedly, its impact is being felt – and in more ways than one. In America, wind power has achieved its second strongest quarter ever for newly installed energy generating capacity, according to a new report released last Thursday (February 9, 2017) by the American Wind Energy Association (AWEA). Wind surpassed hydropower ...

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Paris Agreement: Deutsche Bank pulls out of coal projects

coal-plant

Deutsche Bank, the biggest bank in Germany, has said it will stop financing coal projects as part of its commitments under the Paris agreement to tackle global warming. “Deutsche Bank and its subsidiaries will not grant new financing for greenfield thermal coal mining and new coal-fired power plant construction,” it said in a statement. Existing exposure to such projects will ...

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Natural gas expected to emit more GHGs than coal

Gas

The U.S. is expected to reach a major carbon emissions milestone this year: For the first time, carbon dioxide emissions from burning natural gas for electricity in the U.S. are set to surpass those from burning coal – the globe’s chief climate polluter. Emissions from burning natural gas are expected to be 10 percent greater than those from coal in ...

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Video: Government moves to intensify coal mining

Government move to intensify mining activities in Nigeria

Coal is likely to become a popular source of energy in Nigeria as the nation moves to intensify mining activities and boost production, contrary to global plans to transit to clean energy sources.

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Norway’s SWF drops 52 firms with ties to coal

Marthe Skaar

Norway’s $860 billion Sovereign Wealth Fund (SWF) has unveiled the first list of miners and power producers to be excluded from its portfolio following a ban on coal investments. The 52 companies being barred include American Electric Power Co. Inc., China Shenhua Energy Co. Ltd., Whitehaven Coal Ltd., Tata Power Co. and Peabody Energy Corp., according to a statement from ...

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Norway’s $830 billion Sovereign Wealth Fund pulls out of coal

Martin Norman

Norway’s $830 billion Sovereign Wealth Fund pulled out of 27 firms with links to coal last year as part of a policy to combat climate change, prompting campaigners to urge other big investors to follow suit. The fund, the world’s biggest, also said it sold holdings in 11 companies because of concerns about the destruction of tropical forests to make ...

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Coal plants close as US electricity industry’s consumption drops 34%

Obama-GCF

The biggest source of climate pollution dropped to 34% of US electricity generation and co-author of a new report says: ‘These are permanent changes’ America’s use of coal for electricity dropped to its lowest point in the historical record in 2015, delivering a new blow to an industry already in painful decline. The dirtiest of fossil fuels and America’s biggest ...

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Insurer, Allianz, embraces wind energy, divests from coal

Nicolò Wojewoda

Munich, Germany-based European insurance and asset management firm, Allianz, has announced that it will pull the plug on investments in coal companies and increase investments in wind energy. Allianz is one of the largest financial institutions in the world, managing €2 trillion. They estimate the decision will result in a shift of €4 billion. 350.org Europe campaigner Nicolò Wojewoda comments: ...

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