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US will work to keep new coal plants from being built overseas

2013-10-30 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Hill: The Obama administration on Tuesday said it will seek to discourage the construction of coal plants in foreign countries through the World Bank and other multilateral development institutions. The effort marks the latest step in President Obamas initiative to combat the effects of global warming through executive power in lieu of action from the divided Congress. Under the new policy, the U.S. government will oppose public financing for coal projects in all but the world's poorest countries...

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U.S. lays out strict limits on coal funding abroad

2013-10-29 20:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The United States said Tuesday it plans to use its leverage within global development banks to limit financing for coal-fired power plants abroad, part of Washington's international strategy to combat climate change. The U.S. Treasury said it would only support funding for coal plants in the world's poorest countries if they have no other efficient or economical alternative for their energy needs. For richer countries, it would only support coal plants that deploy carbon capture and sequestration,...

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Reckoning comes to western US coal country

2013-10-29 13:38:20| Climate Ark Climate Change & Global Warming Newsfeed

Nation: It's Friday night in the "energy capital of the nation,' a sprawled-out strip mall in Campbell County, Wyoming, called Gillette. In a bar on Highway 59, the liquor bottles are backlit in neon green, and a bartender covered in glitter slings Budweiser Selects to small groups of big men. Various iterations of dudes beating the daylights out of each other occupy the television screens. The man feeding the jukebox chooses rock, never country. In Gillette, coal is king, and the cattle boom is long over....

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Shanghai to ban coal by 2017

2013-10-28 20:24:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: China's largest city and one of the world's biggest, Shanghai, is set to ban coal burning in just four years, according to a new Clean Air Action Plan. The city-wide ban on coal burning is one effort among many to get Shanghai's infamous smog under control as well as another sign that China has begun to take its pollution problems more seriously. The ban will require the city's 2,500 coal boilers and 300 industrial furnaces to either shut down or shift to cleaner energy by 2015. "The frequency...

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Rio to sell coal mine stake for $1bn

2013-10-28 11:51:23| BBC News | Business | UK Edition

Rio Tinto is to sell its 50% share in Australia's Clermont coal mine to Swiss commodities giant Glencore Xstrata and Japan's Sumitomo.

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