Tag: coal
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Why Investing in Dirty Fuels is a Bad Idea
A mind-boggling sum of about $800 for each person on the planet is invested into fossil fuel companies through the global capital markets alone. That’s roughly 10 percent of the total capital invested in listed companies. The amount of money invested into the 200 biggest fossil fuel companies through financial markets is estimated at 5.5 trillion dollars.…
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EPA to Finalize First-Ever Coal Ash Regulations This Year
Late yesterday, the U.S. Environmental Protection Agency (EPA) announced plans to finalize first-ever federal regulations for the disposal of coal ash by Dec.19, 2014, according to a settlement in a lawsuit brought by environmental and public health groups and a Native American tribe. The settlement does not dictate the content of the final regulation, but…
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Is the U.S. Awash in Decades Worth of Cheap, Abundant Natural Gas and Oil?
We are about to be deluged with news reports that the U.S. is suddenly awash in decades worth of cheap, abundant supplies of natural gas and oil. Why? Because the U.S. Energy Information Administration (EIA) has recently released a preview of their 2014 forecasts in which they predict energy trends within the U.S. through 2040.…
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12 Days After West Virginia Chemical Spill, Company Admits to Second Chemical
By Tina Casey Yep, you read that right. Almost two weeks after a storage tank was discovered to be leaking 7,500 gallons of the coal-washing chemical Crude MCHM into the Elk River/water supply for nine counties in West Virginia, company officials finally disclosed yesterday that 300 gallons of another chemical, “PPH, stripped,” was also part…
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President Obama Gives $1 Billion Game-Changing Gift to ‘Clean’ Coal
In the same days an entrepreneur went on federal trial for fraud over an unproven “clean coal” scheme, President Obama’s Department of Energy (DOE) gave a game-changing approval for a $1 billion gift to continue the unproven FutureGen “clean coal” boondoggle in Illinois. Kind of ironic, ain’t it—if it weren’t so tragic. On the heels of the West Virginia coal-cleaning chemical disaster,…