13 April 2016, Inside Climate News, CO2’s Role in Global Warming Has Been on the Oil Industry’s Radar Since the 1960s. Historical records reveal early industry concern with air pollutants, including smog and CO2, and unwanted regulation. The oil industry’s leading pollution-control consultants advised the American Petroleum Institute in 1968 that carbon dioxide from burning fossil fuels deserved as much concern as the smog and soot that had commanded attention for decades. Carbon dioxide was “the only air pollutant which has been proven to be of global importance to man’s environment on the basis of a long period of scientific investigation,” two scientists from the Stanford Research Institute (SRI) told the API. This paper, along with scores of other publications, shows that the risks of climate change were being discussed in the inner circles of the oil industry earlier than previously documented. The records, unearthed from archives by a Washington, D.C. environmental law organization, the Center for International Environmental Law (CIEL), reveal that the carbon dioxide question—an obscure corner of research for much of the 20th century—had been closely studied since the 1950s by some oil company researchers. Read More here
Tag Archives: coal
13 April 2016, Vox, Why Peabody Energy, the world’s largest coal company, just went bankrupt. The US coal industry is imploding. And here’s the biggest casualty yet: Peabody Energy, the world’s largest private-sector coal company, filed for Chapter 11 bankruptcy in St. Louis on Wednesday. It’s hard to overstate what a seismic shift this is. Peabody has been a giant in the mining industry seemingly forever, after starting out in Chicago in 1880 with just a wagon and two mules. A decade ago, coal provided fully half of America’s electricity, much of it dug up by Peabody in Illinois, Kentucky, Wyoming, Colorado. At its peak in 2008, the company had a market cap of $20 billion, supplying coal to 26 countries worldwide. But then came the fall. The rise of fracking and cheap shale gas in the United States, coupled with stricter environmental regulations, has helped push hundreds of coal-fired power plants out of business in recent years. US coal production has nosedived from 1.17 billion metric tons in 2008 to just 752.5 million in 2016. Coal consumption in China, another crucial market, has also cooled off of late. Between 2012 and 2015, Peabody laid off more than 20 percent of its global workforceand started closing some of its US mines. Today, the company is saddled with $10.1 billion in debt and its future looks much bleaker than it once did. Hence the bankruptcy filing. Read More here
3 April 2016, The Guardian, Adani’s Carmichael coalmine leases approved by Queensland. Decision a major step forward for $21.7bn coalmine, which green groups warn will fuel global warming and compound threats to Great Barrier Reef. The Queensland government has granted three mining leases for Adani’s multi-billion dollar Carmichael coalmine, which will be the largest in Australia. Environmental groups say the mine will fuel global warming and compound threats to the world heritage-listed Great Barrier Reef amid one of its worst coral bleaching events on record. The premier, Annastacia Palaszczuk, and the mines minister, Anthony Lynham, made the announcement in Mackay on Sunday. The premier put the value of the project at $21.7bn, and said the approvals meant thousands of new jobs were now a step closer to reality. “Some approvals are still required before construction can start, and ultimately committing to the project will be a decision for Adani,” Palaszczuk said. “However, I know the people of north and central Queensland will welcome this latest progress for the potential jobs and economic development it brings closer for their communities.” She said stringent conditions would ensure the health of the reef and the environment, and the interests of traditional owners. Read More here
31 March 2016, Energy Post, The end of coal: good riddance or dangerous gamble? Scotland has become the first part of the UK to stop burning coal to supply electricity following the closure of Longannet, its largest power station, on March 24. According to Paul Younger, Professor of Energy Engineering at University of Glasgow, the closure of coal-fired power plants in the UK may lead to serious problems with voltage control. Prepare for power interruptions and flickering lights. The closure of Longannet is a sign of the times, with the rest of the UK’s coal-fired power stations on death row after energy secretary Amber Rudd announced late last year that they will all be forced to close by 2025. For many reasons, it is hard to mourn the demise of coal-fired power. Around 12,000 miners are killed around the world each year, most of them digging for coal; abandoned mines cause widespread water pollution; and coal-fired plants pollute the air with the likes of nitrogen and sulphur compounds, as well as the highest greenhouse-gas emissions of any major source of energy generation. In the absence of carbon capture and storage, a technology which would be ready more quickly if the government backed it properly, plant closure may therefore seem sensible – even while we should help those that lose their jobs and regret the loss of skills from the workforce.If we are going to manage without Longannet and all the other gas-fired and coal-fired power stations, we would need at least 970 GWh of storage – more than a hundred pumped hydropower stations of comparable size to those we already have. That would be all there was to say were it not for a few harsh realities of electricity supply. There are two reasons why coal-fired power plants have survived so long. Coal is cheap; only since the US shale-gas boom has it been consistently beaten on price. And coal-fired plants are particularly suited to providing power on demand at short notice, as well as providing crucial stabilisation services for frequency and voltage across the grid. Read More here