Category Archives for American Coal Council
Is Coal Making a Comeback
By Betsy Monseu, CEO
American Coal Council
There is no question that the future is brighter for our nation’s coal industry.
Changes in policy, regulations, and markets are contributing to a stronger domestic coal industry. The U.S. economy is growing again. Global economic activity is increasing. The business prospects of other countries that use our coal for electricity, steel-making, and other industrial purposes are better. U.S. coal exports are up a whopping 70 percent year-to-date through September 2017.
Be A Leader! Tomorrow’s Leadership Council: Preparing Future Coal Industry Leaders Today
The ACC’s Tomorrow’s Leadership Council (TLC) is designed to advance and vest executive talent in the coal industry. The Council provides a meaningful opportunity for up-and-coming executives to enhance their industry knowledge and networks through projects and activities that advance industry-wide objectives as well as professional development goals. Launched in 2009, the TLC program has “graduated” over 120 executives.
4 New Met Mines Planned for Pennsylvania
At least four new underground metallurgical coal mines are planned for Pennsylvania in 2017 as the industry looks to take advantage of rising demand and prices for met coal both domestically and internationally after spending several years in the doldrums.
Rosebud Mining, Corsa Coal, Robindale Energy and AK Coal Resources all are developing new mines in the Keystone state ranging in size from several hundred thousand tons annually to nearly a million tons a year. Much, though not all, of that output will be earmarked for the seaborne export market. AK Coal, however, plans to supply coal from its new Polaris mine in Somerset County to a plant in Middletown, Ohio, owned and operated by its AK Steel parent company.
Four Critical Energy Issues to Watch in 2017
President-elect Trump will likely start rolling back eight years of Obama administration climate regulations and restrictions on coal, oil and gas development
The U.S. may be on the cusp of a stark turning point in energy and climate policy with the election of Donald Trump, who has stocked his cabinet with a majority of people who doubt or reject established climate science.
Top priorities of the Trump transition team and cabinet nominees — many who disregard the connection between global warming and fossil fuel energy use — include rolling back eight years of Obama administration climate regulations and restrictions on coal, oil and gas development.
The American Coal Council Wishes All Happy Holidays
The American Coal Council would like to take this opportunity to wish everyone a very happy and joyous Holiday Season and a wonderful New Year. May the light of the season abide in our hearts and may we be filled with peace..
Coal offers cautious optimism for Trump at first post-election conference
URL: https://www.snl.com/InteractiveX/article.aspx?CDID=A-38623833-12331&KPLT=4
SNL, Christopher Coats, 12/8/2016
At one of the first industrywide gatherings since Election Day, the coal sector offered cautious optimism about the Trump administration’s impact on the industry after years of challenges.
Gathered in New York for the 15th Annual Coal Trading Conference on Dec. 5 and 6, industry representatives offered their takes on election results that, admittedly, few saw coming.
Throughout this year’s presidential campaign, Donald Trump pledged support for the coal industry, promising on several occasions to push back on Obama administration regulations often cited as detrimental to the industry and to “put miners back to work.”
After the Election: What Coal Needs Most
Energy and Environment Monitor, M. Shane Harvey and Jackson Kelly, (11/28/2016)
Energy and Environment Monitor, M. Shane Harvey and Jackson Kelly, (11/28/2016)
URL: http://eem.jacksonkelly.com/2016/11/after-the-election-what-coal-needs-most.html
My colleagues and I have the privilege of working with coal operators every day in the places where coal is mined in this country. From coal basins in Appalachia to Illinois to the Powder River Basin, we have had the pleasure of helping those who mine the coal that powers our homes and makes our steel.
In recent years, the challenges have been numerous, to put it mildly. Undoubtedly, many of those challenges have been market-driven. But, without question, there have been unprecedented regulatory pressures as well.
MRC Documentary Tells the Story of Lives Devastated by the War on Coal
RESTON, VA – The Media Research Center (MRC) announces the launch of its new documentary titled, Collateral Damage: Forgotten Casualties of the Left’s War on Coal. Several organizations, including, Americans for Tax Reform, Competitive Enterprise Institute, Cornwall Alliance, E&E Legal, and The Heartland Institute, have joined the MRC’s effort to tell the story the liberal media won’t tell.
These coalition allies will be sharing social media content and video to their followers using the hashtag #collateraldamage to get the word out about these untold stories.
Reports: Trump to pick Okla. attorney general for EPA
WASHINGTON – Media sources are reporting President-elect Donald Trump will name Oklahoma Attorney General Scott Pruitt to head the U.S. Environmental Protection Agency (EPA). The American Coal Council welcomes the choice of Pruitt.
In his capacity as Oklahoma AG, Scott Pruitt has been a leader in challenging unwarranted regulation and a fighter in opposing overreach by federal agencies. He will change EPA’s focus from environmental activism at any cost to a common sense approach with a balancing of economic and environmental considerations. Attorney General Pruitt is serious about cooperative federalism and has a track record to prove it. He’ll bring the strength of that track record to Washington, DC and return EPA to its job of administering the laws as passed by Congress.
Moody’s Boosts North American Coal Industry Outlook
(17 November 2016) Despite persistent challenges, the outlook for the North American coal industry has been revised to stable from negative, Moody’s Investors Service said in a new report. A combination of fourth quarter 2016 metallurgical coal benchmark prices settling at $200 per metric ton (mt) and natural gas prices hovering around $3/MMbtu has provided immediate relief for the strained sector.
The rating agency has also revised its price sensitivity assumptions for seaborne coal prices. In the medium-term range, met coal has been lifted to $90-$130/mt from $85-$90/mt, and Newcastle Thermal assumptions have been increased to $50-$65/mt from $53-$58/mt.
