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Tag: coal
The Beginning of the End for Australian Coal?
2013-05-01 23:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Yahoo: If you werent familiar with the term speculative bubble before the U.S. economy imploded in 2008, you probably were after the crash. It quickly became part of our everyday lexicon as the government began to bail out many of the institutions that speculated in high-risk financial products during the housing boom. Speculative bubbles are based primarily on exaggerated expectations of future growth, and a new report states that Australia is ripe for a speculative financial implosion. The culprit?...
Tags: end
beginning
australian
coal
Illinois Ranks As Worst Rogue Coal State
2013-05-01 19:12:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: Whether she runs for governor or not, Illinois Attorney General Lisa Madigan would need nine lives to bring the state`s notoriously broken regulatory system into compliance with the nation`s most reckless coal industry. With state coal production soaring against national trends, Illinois cemented its reputation as the worst rogue state for coal operations last Friday, when the rubber-stamping operations of the state`s Environmental Protection Agency (EPA) issued a pollutant discharge permit to...
Tags: state
illinois
worst
coal
Railroads gain as coal shipping rebounds from record low
2013-05-01 17:59:43| Railroads - Topix.net
NEW YORK - Railroads in the U.S. such as Union Pacific Corp. and Burlington Northern Santa Fe may be rolling past the record slump in coal volume as costlier natural gas and summer weather rekindle demand from the nation's power plants.
Tags: low
shipping
record
gain
UK Coal denies fire sale report
2013-05-01 17:33:41| BBC News | Business | UK Edition
UK Coal has denied a newspaper report that it is looking to put itself into voluntary liquidation, after a fire at a colliery in February.
Dirty Banks Exposed for $20 Billion Investment in Dying Coal Industry
2013-05-01 16:58:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: This week, Rainforest Action Network (RAN), Sierra Club and BankTrack released the fourth annual coal finance report card, Extreme Investments: U.S Banks and the Coal Industry. The report finds that in 2012, the banking sector financed $20.8 billion for the dirtiest coal companies, even as U.S. coal consumption for power generation fell 11 percent and as mounting scientific evidence confirmed coals extreme impact on health and climate change. It ranks Bank of America, Citigroup and JPMorgan Chase...
Tags: industry
investment
banks
billion
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