Banks Have Spent $1.5 Trillion On Coal Since 2019
Global leaders have made a number of ambitious climate pledges, but it hasn’t quite ushered in the death of coal just yet. Since 2019, commercial banks have dumped as much Continue Reading
China Battles to Contain Coal Price Surge as Dependency Worsens
China’s dependency on coal is likely to worsen this year as the authorities struggle to rein in prices after the Lunar New Year break. Chinese miners dug up more than Continue Reading
New ‘game-changing’ technology removes 99% of carbon dioxide from the air
Alternative Energy Engineers from the University of Delaware developed a method for effectively capturing 99 percent of carbon dioxide from the air using an electrochemical system powered by hydrogen, a Continue Reading
Japan’s Coal Imports Soar Amid Surging Natural Gas Prices
Japan is set to import the highest quantity of coal in January in just over two years, as utilities scramble to get supplies for power generation amid high spot liquefied Continue Reading
China Is Changing Its Coal Use, and It Affects the Whole World
The Wangting Power Plant in Wangting, Jiangsu province, China. Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Continue Reading
US coal generation share falls to 18-month low in November: EIA
Highlights Coal capacity factor drops to 39.1% Stocks at 21-year low for corresponding month Subbituminous days of burn flat to five-year average Power sector coal stockpiles were 32.3% lower at Continue Reading
Coal Soars to $300 a Ton as Asia Scrambles for Power Plant Fuel
Coal prices are surging as traders in Asia scramble to snatch up winter supply amid fears of delayed deliveries from Indonesia and as a global energy squeeze continues. At least Continue Reading
How coal holds on in America
David Saggau, the chief executive of an energy cooperative, tried to explain the losing economics of running a coal-fired power plant to a North Dakota industry group more than a year ago. Continue Reading
The U.S. Spent $1.1B On Failed Carbon Capture Projects In A Decade
The U.S. Department of Energy has spent $1.1 billion on 11 carbon capture projects at coal-fired power plants and industrial facilities since 2009, most of which turned out to be Continue Reading
Coal To Make Up 85% Of U.S. Power Capacity Retirements In 2022
Retirements of coal-fired electric power generation capacity are set to speed up this year from a relatively low level of retirements in 2021 to the point of accounting for as Continue Reading