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Federal Regulator Urges States to Deny Coal Development Permits Without Real Insurance

Federal Regulator Urges States to Deny Coal Development Permits Without Real Insurance

The Interior Department’s Office of Surface Mining, Reclamation and Enforcement asked the states to deny coal companies’ ability to explore if they self-bond, which is to basically self-insure.

Bonuses Paid Coal Executives While Rank-and-File Gets Health Benefits Cut

Bonuses Paid Coal Executives While Rank-and-File Gets Health Benefits Cut

A federal judge has given Peabody the Okay to do pay its coal executives about $3 million in bonuses to see them through the bankruptcy process. A different federal judge previously rule Alpha could do the same. Sound unfair?

Peabody Energy

World’s Largest Coal Company Declares Bankruptcy

Peabody Energy, the world’s largest privately owned coal company, filed for US bankruptcy protection today. The company cited “unprecedented” factors for its financial woes, including low coal prices, a weak Chinese economy, “overproduction of domestic shale gas and ongoing regulatory challenges.” Peabody says it will continue to operate its Australian … Read more »

With Coal Here For A Long While, Carbon Capture is the Best Path Forward

Coal is against the ropes and gasping for air. And the industry’s most viable path forward is to look to technology. And that’s exactly what it is now doing, given that it has garnered bipartisan support for legislation that would finance new carbon capture projects through tax credits. Coal, of … Read more »

smog

US Reps to Oil Giants: Did You Fund Climate Change Denial?

CEOs of major fossil fuel companies — including ExxonMobil, Chevron, Shell, ConocoPhillips, Peabody Energy and BP — have received letters from a group of US congress people asking them if they were involved in efforts to “spread disinformation about climate science.” The letter, signed by 45 Democratic representatives, follows a … Read more »

Peabody Energy

Climate Change Investigation into Peabody Finds ‘False, Misleading Statements’ about Risks

Days after launching an investigation into whether ExxonMobil lied to the public and investors about climate change risks, New York attorney general Eric T. Schneiderman says an investigation by his office found that Peabody Energy, the largest publicly traded coal company in the world, violated New York laws prohibiting false … Read more »

AT&T GE Siemens

GE, AT&T, Siemens Support Keystone XL

A diverse group of over 150 companies, including AT&T, Motorola, Siemens, Volvo and Wyndham Worldwide, have urged President Obama to approve construction of the Keystone XL pipeline. Companies signing the letter include many one would expect – fossil fuel companies such as Chevron, ConocoPhillips, Exxon Mobil and Shell; utilities such … Read more »

Policy & Enforcement Briefing: Gas Tank Standards, Train Rules, Chevron Fines

The EPA issued updates on Monday to its April 2012 oil and natural gas standards for storage tanks. The updates will phase in emission control deadlines, starting with higher-emitting tanks first. Storage tanks emitting 6 or more tons of VOCs a year must reduce emissions by 95 percent, with deadlines of April … Read more »

Manufacturers ‘Freaked Out’ about Climate Guidelines

Manufacturers are “very freaked out” by new climate change standards that President Obama will reportedly issue in the coming weeks, Bloomberg reports. According to the news agency, Obama will set guidelines that requires all federal agencies to consider the effects of major projects on air, water and soil pollution. Lobbyists … Read more »

Illinois Coal Power Will Cost ‘Up to 100% More than Wholesale’

The first-year cost of power from the Prairie State Energy Campus, a massive new coal-fired power plant project in Illinois, is 40 percent to 100 percent more than the current cost of power in the Midwest wholesale market, and is expected to remain higher for the next 10 to 13 … Read more »