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Future of Coal Series

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Despite major shifts in the industry and serious worries in coal communities, today coal still supplies nearly 40% of our electricity. According to the Bureau of Land Management, one out of every five homes and business in the US use electricity made from Wyoming coal. But what does the future look like for fossil fuels in a world where there is increasing pressure to keep them in the ground? In this series, we examine the role of coal as an energy source in a world where constraints on carbon emissions are adopted to mitigate global warming. Indeed, the challenge for governments and industry is to find a path that mitigates carbon emissions yet continues to utilize coal to meet urgent energy needs, especially in developing economies.

Future of Coal Series

Australian trade deficit narrows in September, driven by firmer coal exports

Nov 03, 2016 05:25 am UTC| Commentary Economy

Australias trade balance improved during the month of September, driven by strong exports of coal and significantly beating market expectations. This surprise improvement was driven by a spike in resource exports, with...

Future of Coal Series

Australia's coal politics are undermining democratic and Indigenous rights

Oct 26, 2016 09:45 am UTC| Insights & Views Politics

Can Australia achieve fair and open decision-making when big coal players are involved? The case of Adanis proposed Carmichael coal mine suggests the answer is no, and Indigenous land owners are bearing the brunt. The...

Future of Coal Series

The gas industry needs a carbon price to compete with coal

Oct 25, 2016 17:20 pm UTC| Insights & Views

Putting a price on carbon would benefit the Australian gas industry, at least in the short term. It is therefore in the interests of gas producers to lobby for the emissions trading scheme proposed for the electricity...

Future of Coal Series

China’s coal imports likely to remain strong, policy measures to dictate prices

Oct 20, 2016 06:36 am UTC| Economy Commentary

Coal imports in China are expected to remain strong in the near term, despite efforts to limit the impact of capacity closures on utilities, while prices are likely to be dictated by the countrys policy...

Future of Coal Series

Bangladesh is building a dirty and expensive coal plant next to the world's largest mangrove forest

Sep 27, 2016 13:42 pm UTC| Insights & Views

A controversial new coal power plant being built in Bangladesh is already running out of friends. Environmentalists worry it will spell disaster for the worlds largest mangrove forest, while locals worry about pollution...

Future of Coal Series

King Coal is dethroned in the US – and that's good news for the environment

Sep 23, 2016 08:08 am UTC| Insights & Views

This is the worst year in decades for U.S. coal. During the first six months of 2016, U.S. coal production was down a staggering 28 percent compared to 2015, and down 33 percent compared to 2014. For the first time ever,...

Future of Coal Series

Pacific pariah: how Australia’s love of coal has left it out in the diplomatic cold

Sep 23, 2016 08:06 am UTC| Insights & Views

Australias Prime Minister Malcolm Turnbull will have some explaining to do when he attends the Pacific Islands Forum leaders meeting in Pohnpei, Micronesia, this week. Australias continued determination to dig up coal,...

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Economy

Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook

Oil prices held steady during Asian trading on Thursday as investors closely monitored the third round of U.S.-Iran nuclear talks, a key event that could influence the near-term direction of global crude markets. Brent...

Asian Stocks Rise on Nvidia Earnings Boost; Yen Weakens as BOJ Rate Outlook Clouds

Asian stock markets climbed on Thursday after strong Nvidia earnings eased concerns about AI spending and rising costs, supporting a renewed risk-on mood across global markets. Investor sentiment improved as the chipmaker...

Bank of Korea Holds Interest Rate at 2.50% as Growth Outlook Improves Amid AI Chip Boom

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.50% on Thursday, a widely expected decision that signals continued caution as policymakers assess economic conditions. The move reflects growing...

IMF Urges U.S. to Cut Fiscal Deficit to Reduce Trade and Current Account Gaps

The International Monetary Fund (IMF) has urged the United States to address its rising fiscal deficit as a key step toward narrowing the countrys large current account and trade deficits. Following its annual Article IV...

BOJ Signals Possible April Rate Hike as Ueda Eyes Inflation and Wage Growth Data

Bank of Japan Governor Kazuo Ueda signaled that the central bank could raise interest rates in the near term, saying policymakers will closely examine incoming economic data at their March and April meetings. In an...

Politics

Top Democrat Accuses DOJ of Withholding FBI Records in Trump-Epstein Investigation

A senior Democrat in Congress has accused the U.S. Department of Justice (DOJ) of withholding key FBI interview records tied to allegations that former President Donald Trump sexually abused a woman when she was a minor....

FBI Subpoenaed Kash Patel and Susie Wiles Phone Records During Trump Investigations, Patel Says

The FBI subpoenaed phone records belonging to Kash Patel and Susie Wiles during federal investigations into former President Donald Trump, according to statements Patel gave to Reuters. The actions reportedly took place in...

Tommy Robinson Visits U.S. State Department Amid Free Speech Debate

British anti-Islam activist Tommy Robinson visited the U.S. State Department on Wednesday, meeting with at least one American official, according to social media posts and a statement from the department. Robinson, whose...

CIA Posts Farsi Recruitment Message as U.S.-Iran Nuclear Talks Intensify

The U.S. Central Intelligence Agency (CIA) has released new Farsi-language instructions on social media, detailing how Iranians can securely contact the agency. The outreach effort comes at a sensitive moment, as tensions...

Kim Jong Un Vows to Expand North Korea’s Nuclear Arsenal, Signals Conditional Talks With U.S.

North Korean leader Kim Jong Un has pledged to accelerate the expansion of North Koreas nuclear weapons program, emphasizing that future relations with the United States depend entirely on Washingtons stance toward...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand

Samsung Electronics and SK Hynix shares surged to record highs on Thursday after Nvidia reported stronger-than-expected quarterly earnings, reinforcing confidence in sustained artificial intelligence chip demand. The rally...

OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War

OpenAI has reportedly hired Ruomin Pang, a prominent artificial intelligence researcher who most recently worked at Meta Platforms (NASDAQ: META) and previously led Apples AI models team. The move, first reported by The...

Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans

Amazon (NASDAQ: AMZN) is reportedly preparing to invest up to $50 billion in OpenAI, with the final commitment dependent on the artificial intelligence company achieving a major artificial general intelligence (AGI)...

Snowflake Forecasts Strong Fiscal 2027 Revenue Growth as Enterprise AI Demand Surges

Snowflake projected fiscal 2027 product revenue above Wall Street expectations, highlighting strong enterprise demand for artificial intelligence and cloud-based data analytics solutions. The cloud data platform provider...

Pentagon Weighs Supply Chain Risk Designation for Anthropic Over Claude AI Use

The U.S. Department of Defense has asked Boeing Co (NYSE: BA) and Lockheed Martin Corporation (NYSE: LMT) to assess their reliance on Anthropics Claude artificial intelligence model, according to a report from Axios citing...