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Coal formation linked to assembly of supercontinent Pangea
2016-01-23 00:02:00| Climate Ark Climate Change & Global Warming Newsfeed
ScienceDaily: The consolidation of the ancient supercontinent Pangea 300 million years ago played a key role in the formation of the coal that powered the Industrial Revolution and that is still burned for energy in many parts of the world today, Stanford scientists say. The findings, published in this week's issue of the journal for the Proceedings of the National Academy of Sciences, contradicts a popular hypothesis, first formally proposed in the 1990s, that attributes the formation of Carboniferous coal...
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China to shut down 4,300 old coal mines, ban new coal mines
2016-01-22 18:32:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: In December 2015, China announced a three-year ban on new coal mine approvals, starting 2016. China the worlds biggest coal producer and consumer is also planning on a number of other drastic measures to cut down coal from the countrys energy mix. In the next three years, China will aim to close 4,300 small and inefficient coal mines, remove outdated production capacity of 700 million metric tons and relocate 1 million workers, local media reported Thursday. The Chinese government plans to...
The Coal Miner `On Everybody's List' as Next Bankruptcy Victim
2016-01-22 16:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Plummeting coal prices have pushed almost half the debt issued by U.S. coal companies into default, and for miners and their investors theres no end in sight. Patriot Coal Corp., Walter Energy Inc. and Alpha Natural Resources Inc. have all filed for bankruptcy in the past year. Now that Arch Coal Inc., the second largest coal miner in the U.S., has joined their ranks, investors are wondering if the biggest, Peabody Energy Corp., could be next. Peabodys shares have been sliced roughly in half...
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Chinas Coal Production Falls 3.5% To 3.68b Tonnes: Reaction
2016-01-22 14:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Chinas coal imports are a their slowest rate of growth since 1998. At the beginning of January China declared no new coal mines for the next three years. And China`s coal production has fallen by 3.5%. This is the reaction to the latest news. Luke Sussams, senior researcher at the Carbon Tracker Initiative said: "Carbon Trackers latest analysis concluded that no new coal mines are needed in the next decade globally to stay within 2C of global warming. China has aligned with this trajectory,...
Tags: production
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coal
Judge in climate suit tells feds to re-examine coal mine
2016-01-22 14:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Federal officials must re-examine a 117 million-ton expansion of an eastern Montana coal mine after a judge sided with environmentalists who sued over the project's potential to make climate change worse and cause other environmental damage. U.S. District Judge Susan Watters gave the Interior Department nine months to look again at the proposal for the Cloud Peak Energy's Spring Creek mine near Decker, Montana, along the Wyoming border. In its prior review, the agency "failed to take a hard look"...
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