12 May 15

More than 200,000 people have voiced their opposition to a loophole that allows US coal companies to avoid paying millions in royalties every year to federal and state governments. 

» read more | by Kevin Grandia | 0 comments
12 May 15

When it comes to climate denier coal executives, there is none more outspoken than Peabody Energy CEO Greg Boyce, who recently reiterated his belief that climate change is, "an environmental crisis predicted by flawed computer models."

Boyce made the "flawed" comment in the roll-out of Peabody's "five point plan" — which is more a grumpy rejoinder to a world keen on replacing coal with renewable energy, than an actual plan.  

» read more | by Kevin Grandia | 0 comments
8 May 15

How about some positive news for a change!  

China is kicking the coal habit, bit by bit.  Peabody Coal is counting on the opposite trend.

For a country that gets 66% of its electricity from coal, this is not an easy feat.   This week, they took action.

» read more | by Kert Davies | 0 comments
8 May 15

China has announced today that it will shut down 1,254 coal mines in 2015. 

According to a statement by the Chinese government, the move is part of the country's efforts to transition to renewable energy sources. 

» read more | by Kevin Grandia | 0 comments
6 May 15

Today at its annual general meeting the Bank of America announced that it is cutting off credit for coal mining projects. 

"Today, our renewable energy portfolio is more than three times as large as our coal extraction portfolio," said Andrew Plepler, Bank of America's Corporate Social Responsibility.

» read more | by Kevin Grandia | 0 comments
4 May 15

A new coal report out today finds that despite growing risk, major banks continue to pump billions into the global coal industry. However, there are growing signs that coal is falling out of grace with major lenders.

» read more | by Kevin Grandia | 0 comments

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