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Coal shares plunge ahead of Obama's climate-change speech

2013-06-25 02:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Washington Post: Shares of U.S. coal mining companies plunged Monday, battered by weak economic data from China, the overall stock market slide and the prospect that President Obama will announce plans for regulating greenhouse gas emissions from existing coal plants. "It was the triple whammy,' said James Rollyson, a coal analyst with the investment firm Raymond James. In addition, coal company investors were anxious over news Monday that the Supreme Court would review the D.C. Circuit Court of Appeals decision...

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Even without terminals, coal trains will increase

2013-06-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

HeraldNet: If coal export terminals proposed for the Pacific Northwest are never built, the number of trains rumbling through Washington state filled with coal would still increase. Coal is already shipped from British Columbia, and terminals there are expanding. Based on projected numbers, however, those increases would not come close to equaling the combined capacity of the terminals proposed for Cherry Point near Bellingham and two others in the Northwest. Opponents of building coal export terminals...

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Obama gives details on plan to cut carbon pollution, expected to target coal plants

2013-06-22 17:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Fox News: President Obama said Saturday that scientists must design new fuels and energy sources to curb carbon pollution, part of a larger plan that he will announce next week that is expected to include efforts to regulate emissions from coal-fired power plants. The president says in an online video that his plan includes preparing the United States for the effects of such pollution, which has been connected to climate change, and leading other nations in such efforts. The new details and the Environmental...

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Old King Coal: the end is nigh

2013-06-22 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Cental Western Daily: THINGS are happening that will see the end of Old King Coal. He is a luxury we can no longer afford. A recent report titled The Critical Decade 2013-Climate Change Science, Risks and Responses states that Australias fossil fuel industries, including of course coal, should be phased out because of their contribution to climate change. The report recommends that if Australia is to pull its weight in combating climate change, most of its coal reserves will have to be left in the ground. Australia...

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Massive Montana mine has tribes fighting over coal exports

2013-06-22 02:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: A huge new coal-mining project just approved by the federal government pits a Montana tribe against native communities in the Pacific Northwest. The Crow Nation in southern Montana overlaps the coal-rich Powder River Basin. The tribe is sitting on a deposit of up to 1.4 billion tons of coal - more than the United States produces in a year - and on Thursday, the federal government approved the lease of that coal to mining company Cloud Peak Energy. The company has begun preliminary work on a mine...

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