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The Latest Breaking News from Coal

Climate crisis to create ‘acute’ challenges for Australia’s economy, incoming RBA governor says

Michele Bullock uses speech to detail how central bank is preparing for increased risk of extreme weather events

The Guardian - AU

Are Coal Prices Setting Up for an End of the Year Rebound?

After reaching highs in 2022, coal prices have come back down to earth. Climate change has caused the U.S. and Europe to inhibit the production and consumption of all fossil fuels. Still, coal has long been the least favorite hydrocarbon and a four-letter word in the traditional energy market.

Barchart

TNPCB forms five-member panel to probe allegations of pollution around NLCIL thermal plants in Neyveli

TNPCB has formed a 5-member committee to probe pollution risks around NLCIL. The report found high levels of mercury, selenium, and flouride in drinking water from 20 locations. Visible deposition of pollutants of coal dust and fly ash caused respiratory issues, kidney disease, hair fall, and skin problems. Water samples…

The Hindu

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'Fear and desperation': climate protesters sentenced for holding up coal trains

Good behaviour orders, convictions and fines were handed out.

Newcastle Herald

Gujarat power utility made ‘excess payment’ of ₹3,900 crore to Adani: Congress

Gohil accuses Gujarat govt of favouring Adani Group by making excess payment of ₹3,900 crore. Govt denies scam, says payments ongoing & will be adjusted.

The Hindu

Climate change made it in the GOP debate. Some young Republicans say that's a win

Climate change is a top issue for young voters across political parties, but most of the Republican presidential candidates avoided the question.

WEKU

US coal plant closure emphasises health benefits of cleaner air

Decrease in hospital visits for heart problems shows impact could be greater than previously thought

The Guardian - UK

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Why Ambitious U.S. Emissions Reduction Goals Are Increasingly Out of Reach

Amid huge profits for oil majors, pressure builds on banks to cut ties.

Capital & Main

World must shun new coal-fired power stations, warns climate envoy John Kerry

He was speaking at the first Scottish Global Dialogues in Edinburgh on Thursday.

The Independent UK

Ignoring Water Worries, Texas Permits Lignite Mine Expansion

The state has issued only two new coal mining permits in 10 years to a company with a controversial environmental legacy.

Texas Observer

Fossil fuels being subsidised at rate of $13m a minute, says IMF

Oil, gas and coal benefited from $7tn in support in 2022 despite being primary cause of climate crisis

The Guardian - UK

Climate groups argue Eraring is delaying state's clean energy transition

'Bailing out polluting coal-fired power stations with taxpayer funds is unpopular.'

Newcastle Herald

Support for Australia’s UN climate bid should be linked to ceasing fossil fuel expansion, Pacific leaders say

In full-page newspaper ad, current and former leaders call for delay in support for hosting Cop31 until Australia stops pursuing coal and gas projects

The Guardian - AU

Solar and windfarm investment is drying up – and Australia needs a wake-up call on the future of the electricity grid

The energy transition is a race and what’s needed are policies that will drag large-scale renewable power into the system faster

The Guardian - AU

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The Hindu

ED searches premises of Chhattisgarh Chief Minister Bhupesh Baghel’s adviser

ED searches premises of Chhattisgarh CM's political advisor, OSDs & businessman in Raipur & Durg. CM Baghel sarcastically thanked PM & Amit Shah for "priceless gift" on b'day.

The Conversation

Intergenerational report highlights the threat of a hotter, less productive Australia due to global warming

Global warning threatens to have major impacts on Australia’s labour productivity, agriculture and tourism over coming decades, according to the Intergenerational Report, which makes climate change a major focus of its projections for the early 2060s.

The Guardian - AU

Massive economic pain for Australia if temperature rises exceed 2C, intergenerational report predicts

Report says hundreds of billions of dollars and millions of work hours in productivity are at risk due to hotter conditions

StockNews.com

4 Top Notch Coal Stocks to Buy This Week

Despite the global shift toward embracing cleaner energy choices, robust demand from emerging economies should keep the coal industry afloat. Therefore, four top-notch coal stocks, China Shenhua Energy Company (CSUAY), CONSOL Energy (CEIX), SunCoke Energy (SXC), and Hallador Energy (HNRG), could be ideal buys this week. Continue reading….

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Al Jazeera

Explosion at coal mine kills 11 in northern China

At least 11 people were killed following an explosion in the Shaanxi province, authorities say.

The Hindu

Coal scam | Delhi court awards 3-year jail term to former Steel Ministry official

Former Steel Ministry official Gautam Kumar Basak sentenced to 3-yr jail for corruption in coal block allocation. Special Judge Arun Bhardwaj imposed ₹5 lakh fine. Prakash Industries Ltd. accused of furnishing false info on capacity.

The Guardian - US

The US and China must unite to fight the climate crisis, not each other

Cooperation is not only in the best interests of all countries, but is absolutely necessary for the survival of the planet

The Guardian - AU

AGL agrees to keep Victoria’s Loy Yang A power station available until mid-2035

Deal with Victorian government includes $50m to support ‘orderly retirement’ of coal-fired plant to provide certainty to workers, the community and industry

The Conversation

What harm could one coal mine do? Plenty – 1.7 million Hiroshima bombs of heat for starters

This year, the Australian government rejected Clive Palmer’s coal mine proposal – but approved three others. Over 100 more fossil fuel projects are in the decision pipeline.

Barchart

Should You Follow Barclays Into This Coal Stock?

Barclays more than doubled its holdings in Peabody Energy during the second quarter, even as most other institutional investors unloaded shares.

The Conversation

Rising temperatures mean more air conditioning which means more electricity is needed – rooftop solar is a perfect fit

On June 12 this year, the UK’s last remaining coal-fired power station was awoken from a 46-day slumber to meet demand for electricity to run air-conditioning units.

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