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The Latest Breaking News from Coal

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

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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

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 Hindu

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 Conversation

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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

The Guardian - AU

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….

StockNews.com

Explosion at coal mine kills 11 in northern China

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

Al Jazeera

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 Hindu

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 - US

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 Guardian - AU

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.

The Conversation

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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.

The Hindu

Worker killed in freak accident in GDK-11 incline underground coal mine

Krishna Murari, a 40-yr-old contract worker, was killed in a freak accident in the GDK-11 incline underground coal mine of SCCL's RG-I Area in Godavarikhani, Peddapalli district. He was working on the continuous miner panel when a side wall collapsed on him, resulting in his death on the spot. Godavarikhani…

The Conversation

Nearly two-thirds of the top fossil fuel producers in Australia and the world aren’t on track for 1.5℃ climate target

Rapid reductions in fossil fuel production and use are essential to limit global warming to 1.5℃ compared to pre-industrial levels. Our new research shows most of the world’s major coal, oil and gas companies are yet to make meaningful reductions.

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The Guardian - AU

Let’s talk nuclear, the Coalition says – just don’t mention cost or how long it would take

The pace at which you could theoretically deploy the small modular reactor being advocated would mean sitting on your hands until at least the end of the decade

StockNews.com

Top 3 Green Energy Stocks to Own Today

With surging demand for renewables amid growing climate concerns and supportive government policies and funding, the green energy industry is well-poised for robust growth in the upcoming years. Given the industry’s tailwinds, top green energy stocks Alliance Resource (ARLP), Steel Partners (SPLP), and Westlake Chemical Partners (WLKP) could be ideal…

The Hindu

‘Centre approves doubling of two railway lines in SCR’s jurisdiction’

SCR GM Arun Kumar Jain announces two major projects approved by PM Modi: doubling of Mudkhed-Medchal & Mahbubnagar-Dhone sections, Guntur-Bibinagar section. Projects to facilitate new trains, freight transportation, socio-economic development in AP & Telangana. Projects to connect N & W India to S, ease traffic congestion, provide alternative coal &…

The Hindu

Another attraction awaits tourists in Mysuru

Mysuru's vintage steam loco ES-507, built in London in 1926, will soon be unveiled for visitors at the Central Workshop. It was bought by the Mysuru State Railways for ₹1,65,865 and served for 63 years until 1983. It can carry 4 tonnes of coal and 5,490 litres of water. Illumination…

The Independent UK

A plan for how Indonesia will spend $20 billion to transition to cleaner energy has been submitted

A plan for how Indonesia will spend $20 billion to transition to cleaner energy was submitted Wednesday to the government and its financing partners

Newsroom.co.nz

Gentailers' renewables talk all wind

The main power companies make billions in windfall profits and their underinvestment in renewable infrastructure means they pay their shareholders even more cash, says Adam Currie

The Hindu

Tamil Nadu’s daily coal stock availability declines

Tamil Nadu's coal stock availability down to 1.5M tonnes; sufficient to run Tangedco's power plants for 10 days. Renewable energy generation (wind & solar) in Aug (till 10th) 1,328.85M units. Coal India supplied 4.5MMT of coal in 1st Q of 2023-24. Railways likely to increase coal transportation capacity by 185MT…

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