coal News

Texas Cities Struggle to Quit Coal Power as Demand Rises and Market Incentives Favor Fossil Fuels

Two dates in recent memory have shaped the uncertain future of the Fayette Power Project, a coal-fired power plant near La Grange. First, on March 26, 2020, the Austin City Council approved an emissions-reduction plan that called for its city-owned …

Biden EPA to Tackle Coal Industry Carbon With Rules on Other Pollutants

The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court limited the agency’s ability to impose …

U.S. Senators Grill Regulators Over Climate Policy on Natural Gas Projects

Top U.S. senators from both parties on Thursday grilled Democratic energy regulators who recently approved guidelines for approving new natural gas projects that allow consideration of environmental justice, landowner and climate issues. The three Democrats on the five-member Federal Energy …

AIG: Net-Zero Greenhouse Gas Emissions in Underwriting, Investments by 2050

American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050. “AIG is focused on the realities of climate change,” said Peter Zaffino, AIG chairman and CEO, in a statement. “The …

Settlement Bans Coal Storage in California City by 2027

A private port operator in the San Francisco Bay Area that stores coal from Utah before it’s shipped to Asia has been given until 2027 to continue those operations under terms of a settlement. Officials in Richmond, where the port …

California Releases Climate Draft Plan, Axis Accelerates Retreat from Coal

Insurer Axis Capital Holdings Ltd. announced new a policy restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas. Axis committed to stop insuring any company developing coal infrastructure and phase out all coal business. Axis …

Montana Requires $285M Cleanup Bond from Coal Company

Montana environmental regulators have forced the owners of a power plant to provide a $285 million cleanup bond, a move some local organizations hailed as a victory for conservation. But Talen Energy, the owner of the Colstrip Power Plant, filed …

Peabody Reaches Coal Mine Cleanup Deal with 3 U.S. States

Peabody Energy Corp., the largest U.S. coal producer, reached a deal to cover mine clean-up liabilities while in bankruptcy with three U.S. states, court documents showed on Tuesday. Peabody has benefited from a federal program known as self-bonding that allows …

Icebergs, Insurance Hamper Top of the World Shipping Route

The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes of coal, diesel and gas have made the trip but high insurance costs, slow going and strict environmental rules mean …