coal

U.S. thermal coal producers watched their domestic customer base shrink in 2020 as utilities continued to announce coal-fired power plant closures and transition to less expensive renewable and…

Government to open more coal mines to boost power supply and jobs, but plan sparks fears over harm to wildlife and rising carbon emissions In contrast to the growing number of countries seeking to…

U.S. coal production bounced back in the first half of 2021 from early pandemic lows set in the first half of 2020, but average quarterly employment in the sector has not similarly recovered.

China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions. State-owned firms proposed 43 new coal-fired…

In South Africa, Eskom has announced the closure of several of its coal-fired power stations in the coming months and years. The state-owned company wants to rely on the renewable energies that have…

AGL Energy (AGL.AX), Australia’s leading power producer and biggest carbon emitter, expects to speed up plans to shut its coal-fired plants, but the phase-out is unlikely to happen before 2040, Chief…

Serbia is under pressure to lose its energy security, President of Serbia Aleksandar Vučić said, adding he would not allow the country, which is now an exporter of electricity, to become the biggest…

Brazil is offering a lifeline to its coal industry even as the world’s scientists make it crystal clear that fossil fuel use must stop to avoid the worst effects of climate change. Brazil’s Mines…

Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the…

Ayala-led Bank of the Philippine Islands (BPI) aims to stop by 2033 all lending to coal-fired power projects—which form 45 percent of its current power generation portfolio—and channel more funds to…

Some of the world’s biggest financial and investment firms are hatching a plan to speed up coal power plant closures in Asia, according to an exclusive report published yesterday by the Reuters news…

Italy’s biggest bank Intesa Sanpaolo ISP.MI on Tuesday said it would end with immediate effect the financing of coal mining with a view to phasing out exposure to the sector by 2025. Answering…

Australia’s second largest superannuation fund has completely divested from thermal coal and ploughed $1 billion into renewable and low-emission technology in the year since it declared it would…

As finance shifts from coal, China is looking isolated as the last enabler of coal-fired power overseas. A review of coal power proposals in countries with large remaining project pipelines…

BlackRock Inc. rejected almost five times more board directors at companies, including Berkshire Hathaway Inc. and Exxon Mobil Corp., during the recent proxy season because they failed to act on…

Shareholder activist group Market Forces has asked the corporate watchdog to investigate whether coal company New Hope misled investors by claiming that coal would “remain a significant part of the…

Vistra on July 19 said it would close its 1.3-GW Zimmer coal-fired power plant in Ohio on May 31, 2022, five years earlier than previously announced, after the plant failed to clear the PJM capacity…

Institutional forces continue to prop up the fossil fuel economy, while both the market and public opinion are leaving it behind. This is as foolish as it is dangerous, writes Tom Steyer As far as…

China’s biggest bank is stepping away from a plan to invest US$3 billion in the 2,800-megawatt Sengwa coal project in northern Zimbabwe, according to an email the bank sent to climate campaign groups…

San Miguel Corp., one of the Philippines’ largest power generators, will drop new coal projects from its expansion plans as it prepares for a transition to a low-carbon future. “This has not been…