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The Latest Breaking News from Coal

3 Top-Rated Stocks Still Up More Than 50% In 2022

The prospects of more aggressive interest rate hikes to fight the multi-decade high inflation and the fears of a subsequent recession have put the stock market under immense pressure. However, despite the current market downturn, fundamentally sound stocks RCM Technologies (RCMT), Alpha Metallurgical (AMR), and Urban One (UONEK) are up…

StockNews.com

‘High-risk’ energy overhaul could prop up fossil fuels, experts warn

Australian consumers may end up paying to extend the lifespan of fossil fuels unless a planned overhaul of the electricity market is handled carefully.

The New Daily

Philippines moves closer to building world's largest solar project

Solar Philippines has submitted offers to contract most of its planned 10 gigawatts of projects, including the world’s largest, as the Southeast Asian nation seeks to meet rising demand for electricity while shifting away from coal.

Bangkok Post

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Chris Bowen says states can decide how to provide backup energy generation but must meet 2030 target

The Energy Security Board recommends paying generators to keep extra capacity in the national grid to reduce the risk of blackouts

The Guardian - AU

Australia has a once in a lifetime opportunity to break the stranglehold fossil fuels have on our politics

In the wake of the Green and Teal wave that crashed through the federal parliament, attention has inevitably turned to what the new crossbenchers will say and do about climate policy.

The Conversation

Snowy Hydro's water problem shows how weather is a driver of the energy crisis

Weather extremes have deepened the man-made power crisis in ways that were hard to predict and at times even harder to imagine. Both Snowy Hydro and coal-fired power stations have been impacted by summer rains. And two weeks of extreme cold has only brought the power system closer to the…

ABC News

Greens hit back at proposed power plan

Adam Bandt has labelled the Australian energy market "a broken system" after companies withheld power due to supply not being in their economic interest.

AAP

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New 'capacity mechanism' could pay coal and gas generators for reliable electricity supply

A draft plan for a new "capacity mechanism", aimed at ensuring stability in the national electricity grid, could see coal and gas generators paid for reliable power supply.

ABC News

In the Solomon Islands, Wong takes first tentative steps in repairing a strained relationship

Foreign Minister Penny Wong was no doubt expecting a cooler reception than her three previous visits to the Pacific when she touched down in Honiara last Friday. The Solomon Islands government website had not even listed the Australian minister’s visit – but it did note the first visit of a…

The Conversation

‘Stakes never higher’: energy board releases capacity market blueprint

Energy Security Board says fossil fuel generators might need to be paid to stay in business to retain capacity

The Guardian - AU

Coal Minister urged to revise pension

Several pensioners getting less than ₹1,000 per month for the last 24 years

The Hindu

Experts reject 'reheated' energy blueprint

A 'reheated' proposal by regulators to pay coal plants and renewable generators to guarantee supply to the struggling electricity grid has come under fire.

AAP

Government directs GENCOS to buy rakes to ensure smooth coal supply during monsoon

The government is making rake arrangements anticipating production and supply issues during the approaching rainy season

The Hindu

‘Fault all round’: Peter Dutton aims to deflect blame for Australia’s energy crisis

Liberal leader says Coalition made ‘huge investments’ in renewables when in power and blames states for locking up gas reserves

The Guardian - AU

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ABC News

WA forges ahead with renewables transition as other states face energy crisis

Power has been a hot topic in Australia this week, although for starkly different reasons depending on which side of the country you're on. But what does it all mean for West Australians?

Bangkok Post

India snaps up cheap Russian oil and coal

NEW DELHI: India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters.

Reuters

Exclusive: India's Russian coal buying spikes as traders offer steep discounts

India's purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters.

Reuters

Shelling traps 77 miners in Donetsk region - RIA, citing separatists

Shelling has trapped 77 miners in a coal mine in the Donetsk region of eastern Ukraine after power to the mine was cut off, Russia's state RIA news agency reported on Saturday.

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Tribune News Service

Idaho Power is pulling out of coal, with plan to exit 50-year-old Wyoming plant

As it proceeds toward a clean-energy future, Idaho Power plans to exit a nearly 50-year-old Wyoming coal plant sooner rather than later, in part by converting parts of the coal plant to natural gas.

The Guardian - AU

Energy regulators had their hands full keeping the lights on this week – but the next crisis might not be far off

Aemo was still issuing alerts on Saturday morning as system reaches limit

The Guardian - AU

‘Very different place’: new campaign over mining taxes ‘unlikely’ to succeed in Queensland

Queensland Resources Council has denounced plans to raise royalties, launching new offensive

The Conversation

NSW's biggest coal mine to close in 2030. Now what about the workers?

The clock is now ticking on New South Wales’ largest coal mine. BHP has announced it will close its Mount Arthur mine in the Hunter Valley in 2030 – 15 years ahead of its scheduled end of life.

AAP

WA urged not to delay on renewable energy

Western Australia faced looming shortfalls in its power supply capacity even before the state government committed to phasing out coal, a new report says.

ABC News

NSW Energy Minister Matt Kean granted temporary emergency powers to force coal to electricity generators

NSW Energy Minister Matt Kean says the temporary powers are part of a "toolkit" in case he needs to act to secure the state's energy supply.

The Guardian - AU

Russia, why aren’t you listening? Australian journalists wake up to sanctions but ABC’s Matt Bevan left out

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