Attorney Generals from 26 U.S. States have filed court action against the Environmental Protection Agency’s (EPA) Clean Power Plan (CPP). The Clean Power Plan establishes state-by-state targets for lowering carbon emissions. It aims to reduce […]
Tag: Coal
Major Deal To Restrict Coal Usage Might Have Come Prematurely
The United States has reached an agreement with other countries to prevent the public financing of coal plants. The agreement will also limit the development of new coal technology. The American government has said that […]
Citigroup Announces Cut Back On Coal Industry But Keeps Door Open To Other Polluting Fuels
The U.S coal industry already reeling from lower demand for its products received another bit of bad news today when Citigroup announced it will cut back on coal mining project financing. Financial experts say Citigroup’s […]
Glencore Shares Rally Just One Day After Historic Loss
Shares for Glencore have rallied, achieving their biggest gain in the history of the commodity trading and mining company. The value of the shares increased by 17% after the company insisted that it will be […]
Coal Fired Pizza Is Feeding U.S Coal Industry
The U.S. coal industry has found a partial savior in a very unlikely place – pizza parlors. The chief executive officer of Pennsylvania-based Blaschak Coal, Greg Driscoll, says his company is keenly pursuing coal-fired pizza […]
Environmental Regulations And Low Natural Gas Prices Are Devastating America’s Coal Towns
The drop in both demand and production of U.S coal brought about by tougher environmental rules and low natural gas prices is sounding the death knell for many communities in the coal producing Appalachia region. […]
The Largest Pension Fund In The World Will No Longer Invest In Coal Companies
Norway’s mammoth $890 billion government-pension fund, the largest sovereign-wealth fund in the world, is known for its world-leading oversight. Every investment decision is reviewed not only for its potential profits, but also for a large […]