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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

UAE Central Bank Probes Banque Misr Over Iran Links

The Central Bank of the United Arab Emirates has launched an urgent investigation into Banque Misrs UAE branches following a U.S. move to restrict the lenders access to the dollar clearing system over alleged financial...

Canadian Dollar Slides as Fed Rate Hike Bets Boost US Dollar

The Canadian dollar weakened on Friday and was on track for its sharpest weekly decline in more than two months, as a stronger U.S. dollar overshadowed surprisingly robust Canadian economic growth. The loonie traded near...

Bessent Defends US Yen Intervention Over Treasury Market Risks

U.S. Treasury Secretary Scott Bessent has defended Washingtons decision to support the Japanese yen in late July, arguing that severe currency volatility could threaten global financial stability and ultimately push U.S....

US Dollar Hits Two-Week High After Hawkish Fed Speech

The U.S. dollar climbed to a near two-week high on Friday after Federal Reserve Chair Kevin Warsh delivered a hawkish message at the Jackson Hole Economic Policy Symposium, strengthening expectations for a September...

Oil Prices Slip as Venezuela Supply Prospects Weigh on Market

Oil prices edged lower on Friday as traders assessed reports that the United States was nearing a deal for long-term access to Venezuelan crude reserves, potentially opening the door to billions of dollars in investment...

Politics

King Haakon VIII Honors Late Father Harald in First Address

King Haakon VIII of Norway paid an emotional tribute to his late father, King Harald, in his first address to the nation since ascending the throne, praising him as a devoted parent and a monarch who championed unity and...

Iceland Counts Votes in Close EU Membership Talks Referendum

Iceland began counting ballots late Saturday after voters took part in a closely contested referendum on whether the country should reopen European Union membership negotiations, reviving a decades-long debate over...

South Korea Leveraged Chip ETF Trading Plunges After New Rules

South Korean retail investors are rapidly retreating from leveraged exchange-traded funds linked to Samsung Electronics and SK Hynix after regulators imposed stricter trading requirements, Bloomberg reported Sunday....

Finland’s Stubb Says Russia Unlikely to Attack NATO

Finland President Alexander Stubb has played down concerns that Russia could launch an attack against a NATO member, arguing that Moscow would have little reason to challenge the worlds most powerful military alliance....

Nepal Declines Foreign Rescue Aid After Deadly Flash Flood

Nepal has said it does not currently require foreign search-and-rescue assistance following a devastating flash flood that killed nearly 500 people and left hundreds of foreign nationals missing. The disaster struck...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....

Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns

Nvidia has temporarily halted some deals tied to a recently introduced financing program for artificial intelligence cloud companies, amid internal concerns that the arrangement could attract greater antitrust scrutiny,...

Google Changes EU Spam Policy Amid Antitrust Scrutiny

Google has revised its spam policy in Europe after concerns from European Union regulators raised the possibility of a significant antitrust fine for Alphabet, the search giants parent company. The company said Friday that...

U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China

The U.S. government is investigating Singapore-based Apex Logistics over allegations that the freight company helped transport Nvidia AI chips and computer systems to China despite U.S. export restrictions, Bloomberg...
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