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Glencore, Sumitomo buy Rio coal mine stake for $1 billion

2013-10-25 16:01:42| Grocery - Topix.net

A gauge of U.S. business investment plans fell sharply in September in a possible sign companies shut their wallets out of concern a budget battle brewing in Washington would damage the economy.

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Greenhouse gas emissions from coal mining and gas up by 13%

2013-10-24 09:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Greenhouse emissions from coal mining and gas production increased by almost 13% in the year to March, offsetting declining emissions from electricity production to leave Australia's annual emissions virtually unchanged. The environment minister, Greg Hunt, claimed the result was "proof' the carbon tax -- that he intends to repeal -- has been a "pointless burden' on the economy. As Australia's coal, gas and coal seam gas production increases, so-called "fugitive' emissions released during mining...

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Analysis: Emerging markets to step up as China cuts coal habit

2013-10-22 06:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Global thermal coal demand will shift away from China in coming years as it switches to cleaner energy, but emerging markets in the region will step in to grab some of that flow as they continue their race to industrialize. During the last decade global coal demand has largely been driven by a booming China, but in a move to curb pollution, the government is keen to switch to cleaner fuels to generate electricity, such as natural gas, nuclear and renewables. Even if China cuts back its coal...

Tags: china analysis step markets

 

EPA coal plant rule could hurt Wisconsin

2013-10-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Journal Sentinel: The U.S. Environmental Protection Agency proposed a rule last month that would require all newly built coal power plants in this country to install a new technology called carbon capture and storage (or CCS). CCS removes the primary greenhouse gas (carbon dioxide) from the power plant's exhaust and pipes it to underground storage reservoirs. This proposal represents the first major step in President Barack Obama's plan to regulate greenhouse gas emissions from power plants, which are the largest...

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Coal executive turned climate change activist fights for seat on BHP board

2013-10-17 09:34:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: A former chairman of the Australian Coal Association, who has accused the fossil fuel industry of stuffing up effective action on climate change, is fighting an insurgent battle to gain a seat on the board of the mining giant BHP Billiton. Ian Dunlop, formerly a senior executive in the oil, gas and coal industries, is attempting to gain shareholder support for his bid to challenge what he claims is utter bullshit from a resources industry that has stymied an urgent transition away from carbon-intensive...

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