Greece to sell coal-fired plants, mines as part of bailout deal

Greece will sell its coal-fired plants and coal mines equal to about 40% of its dominant power utility Public Power Corp’s (PPC) coal-fired capacity, as part of a reform deal the government reached with its foreign creditors. Athens needs the funds urgently, as it needs to repay 7.5 billion euros in debt maturing in July.[…]

The world’s largest miner wants more action on carbon capture

BHP Billiton (ASX:BHP), the world’s largest mining company, is urging governments to provide more support to the industry for developing carbon capture and storage (CCS) projects. The company’s vice president of sustainability & climate change, Fiona Wild, said BHP sees such initiatives as an effective way to reduce global emissions, meet climate targets and support[…]

US coal industry to decline even further in 2017 — IEEFA

Despite a spike in coal prices last year and promises of better times ahead for the sector by President-elect Donald Trump, the US coal industry will continue to decline this year, though at a slower pace than in 2016, a new study shows. According to the Institute for Energy Economics and Financial Analysis (IEEFA), while[…]

Canada's gold miners to embrace green energy to control costs

Canadian gold miners are expected to adopt even more alternative energy this year as the sector continues to focus on paring down costs to remain competitive in a volatile gold price environment, a new report suggests. According to BMI Research, declining ore grades will drive Canadian gold miners costs higher, pushing companies to find fresh[…]

Bill Gates bets on clean energy with $1 billion fund

Microsoft co-founder and billionaire Bill Gates together with almost two dozen of the world’s most wealthiest business leaders, entrepreneurs, and venture capitalists are investing up to $1 billion in a fund to back radical approaches to clean energy. The goal, in Gates’ own words, is to build companies that will help “deliver the next generation[…]

Mining accidents in China to spike as country digs more coal

Coal mining accidents in China are likely to spike in the coming months as the nation, the world’s top producer and consumer, scrambles to mine and burn more of the fossil fuel, authorities have warned. According to the country’s Work Safety Committee of the State Council, a government agency, the recent and sharp rally in[…]

Alpha Natural execs. face fraud charges for failing to disclose $100M in liabilities

West Virginia has accused Alpha Natural Resources executives of potential fraud for not reporting $100 million in liabilities during bankruptcy proceedings. West Virginia regulators argued that had the $100 million cash burden been known, it might have thwarted Alpha Natural Resources’ restructuring agreement approval. The state’s Department of Environmental Protection said the coal miner, which filed for bankruptcy[…]

Alberta inks $1.36bn deal with three firms to shut down coal plants

The Canadian province of Alberta will pay three local coal power producers $1.36 billion over the next 14 years to compensate them for shutting down their plants early as part of the government’s climate change agenda. The province will pay Capital Power Corp., TransAlta Corp. and ATCO Ltd. a total of $97 million per year, beginning next[…]

Finland to ban coal use for energy by 2030

Finland has taken a page from Canada’s books by announcing Thursday it plans to phase out coal by 2030 as the country steps up efforts to cut greenhouse gas emissions. Move is part of broader plans to make Finland’s energy production carbon-neutral and based on renewable biofuels by 2050. The move, part of the Finland government’s energy and[…]

Canada to fully phase out coal power by 2030

Canada’s Liberal government has taken a page from the Obama Administration’s books as it plans to completely phase out traditional coal power by 2030, Environment Minister Catherine McKenna announced Monday. Ottawa also said it would work with the country’s four provinces that still burn coal for electricity — Alberta, Saskatchewan, Nova Scotia and New Brunswick[…]