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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

Trump Administration Seeks Court Pause to Reinstate 10% Global Tariffs

The Trump administration has asked a U.S. federal court to temporarily pause a recent ruling that challenged the legality of the administrations 10% global tariff policy while the government continues its appeal process....

Trump Says Iran Ceasefire Near Collapse as Oil Prices Surge

U.S. President Donald Trump said the ceasefire between the United States and Iran is on life support after Tehran rejected key parts of Washingtons proposal to end the ongoing conflict. The latest tensions have raised...

Oil Prices Rise as Dollar Gains Ahead of Key U.S. Inflation Data

Oil prices edged higher on Tuesday while the U.S. dollar strengthened as hopes for a breakthrough in reopening the Strait of Hormuz faded, increasing concerns over global energy supply disruptions. Investors also turned...

US Stock Futures Hold Steady Ahead of CPI Data and Iran Conflict Concerns

U.S. stock index futures traded mostly flat on Monday evening as investors remained cautious ahead of the latest U.S. consumer inflation report and ongoing tensions in the Middle East. Market sentiment was also influenced...

Trump-Iran Tensions Keep Oil Prices Elevated Amid Hormuz Supply Fears

Oil prices held firm during Asian trading on Tuesday after surging nearly 3% in the previous session, as renewed tensions between the United States and Iran raised concerns about global crude supply disruptions. Investors...

Politics

Arcadia Mayor Eileen Wang Pleads Guilty in China Foreign Agent Case

Arcadia Mayor Eileen Wang has agreed to plead guilty to a federal charge of acting as an unregistered foreign agent for the Chinese government, according to U.S. officials. The case has drawn national attention due to...

UAE Allegedly Conducted Secret Military Strikes on Iran, WSJ Reports

The United Arab Emirates has reportedly carried out covert military strikes on Iran, according to a Wall Street Journal report published Monday that cited sources familiar with the matter. The report claims the UAE...

Keir Starmer Faces Mounting Pressure as Labour MPs Demand Leadership Change

British Prime Minister Keir Starmer is facing growing political turmoil after more than 70 Labour lawmakers publicly called for his resignation following Labours disappointing performance in recent local elections. The...

Trump Nominates Cameron Hamilton to Lead FEMA After Previous Ouster

U.S. President Donald Trump has officially nominated Cameron Hamilton to head the Federal Emergency Management Agency (FEMA), reviving the former acting directors role within the Department of Homeland Security (DHS)...

Trump Administration’s National Science Board Dismissal Sparks Warning From Scientists

More than 2,000 scientists have signed an open letter urging the U.S. Congress to reverse the Trump administrations decision to terminate the entire National Science Board (NSB), warning that the move could weaken Americas...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

OpenAI-Microsoft Deal Sets $38 Billion Revenue-Sharing Cap Ahead of Potential IPO

OpenAI and Microsoft have reportedly agreed to place a $38 billion cap on total revenue-sharing payments, according to a report published Monday by The Information. The move is seen as part of OpenAIs broader effort to...

Nintendo Shares Tumble as Weak Forecast and Rising Switch 2 Costs Worry Investors

Nintendo shares plunged on Monday after the Japanese gaming giant posted annual earnings that missed analyst expectations and issued a weaker-than-expected outlook for the current fiscal year. The disappointing forecast...

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...