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China coal decline continues as economy flatlines

2015-05-15 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: hinas coal consumption fell in the first four months of 2015, continuing a marked decline that saw use of the polluting fuel fall 2.9% last year. Research by Greenpeace indicates coal use in China dropped by nearly 8% on the same period a year earlier Carbon emissions in the worlds top greenhouse gas polluter are also predicted to have dropped by 5%, an amount equal to the total CO2 output from the UK over the same period. Greenpeaces Energydesk team say they based the findings on a variety...

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Victory! University Washington Divests from Coal

2015-05-15 01:59:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: If its wrong to wreck the planet, then its wrong to profit from that wreckage. This quote by Bill McKibben has become the mantra of the fossil fuel divestment movement, the campaign which has sprouted up on hundreds of college campuses across the country with one simple goal: to get universities to stop investing in the same fossil fuel industry that is accelerating us all towards planetary catastrophe. Here at the University of Washington in Seattle, Divest UW has gotten one of the biggest...

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The financial case against Australia's largest coal mine

2015-05-14 23:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The case against building Australias largest coal mine has focused on the threats of runaway climate change and ruin of the Great Barrier Reef. But finances may yet prove the key. Leading economists and City analysts are baffled by plans from Indias Adani Group to build the A$16.5bn (8.4bn, $13.2bn) Carmichael mine and Abbot Point port expansion just as coal prices have collapsed. If the Carmichael project fails to convince investors, it could jeopardise plans for at least eight other...

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London School Hygiene & Tropical Medicine divests from coal companies

2015-05-13 18:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The London School of Hygiene and Tropical Medicine, has sold off investments in coal companies from its 16m endowment in a bid to rid itself of ties to firms that contribute most significantly to climate change. Campaigners say it is the first health research organisation in the world to do so. A spokesperson for the university told the Guardian on Wednesday: The schools investment committee has recently decided to disinvest from coal. We are continuing to review our other energy investments....

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Patriot Coal files for Chapter 11 bankruptcy protection

2015-05-12 16:03:04| Energy - Topix.net

The company made the filing in U.S. Bankruptcy Court for the Eastern District of Virginia. It had emerged from an earlier bankruptcy case in December 2013 in Missouri.

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