Category Archives for Export
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.
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.”
Editor’s note: This guest editorial, prepared by Dennis Drebsky with Nixon Peabody, LLP, takes a decidedly different look at coal use forecasts. While many energy experts are predicting declines in coal use, Drebsky argues that the sheer size of the Chinese energy market, along with the affordability and reliability of coal, and the Chinese focus on economic development entails a long-term Chinese reliance on coal-based energy.
China is the world’s largest producer and consumer of coal. However, there have been repeated predictions that China’s use of coal will substantially decline during the next decade due to environmental concerns. That China should be a prime target of these concerns should be no surprise since China produces and consumes almost as much coal as the rest of the world combined. A recent survey found that China accounts for 46 percent of the world’s coal production and 49 percent of consumption. To put this in context, China produces nearly four times as much coal as the second largest producer, the United States. Coal accounts for approximately 70 percent of Chinese energy consumption and this use has held steady, if not increased, during the last 30 years.
The Coal Alliance is another group that has recently formed to advocate for the use and export of Canadian coal.
The Coal Alliance brings together representatives from the coal industry, including mines, marine terminals, railways, industry associations, organized labour and others who support the mining and shipping of coal in British Columbia.
Our objective is to ensure British Columbians have the facts about the coal industry – how coal is safely moved and the benefits coal provides to the world around us.
We believe BC’s coal industry is an important part of our province and something all British Columbians should be proud of.
Business owners are predicting major job losses and economic damage due to the EPA’s proposed NSPS rule governing CO2 emissions from new coal plants.
Coal – whether mined in Virginia, West Virginia or elsewhere in the United States – generates affordable, reliable electricity. The major economic engines of our region that employ our family members, friends and neighbors – our military installations, NASA’s Langley Research Center, government agencies and the Port of Virginia – are aided by the affordability and reliability of coal-fired electricity.
Coal also provides the same affordable, reliable and domestically sourced electricity to millions of Virginia homes.
— Mike Niven (@mike_niven) March 18, 2013
— ACC (@AmericanCoal) March 6, 2013
— Steve Fiscor (@SteveFiscor) March 5, 2013
Since much of the media attention surrounding coal mirrors the marketing of the radical green industry, it’s unlikely that most have heard about a growing sector of the U.S. coal industry.
While overall coal production remained essentially flat, coal exports in 2010 grew to 7.5% of US coal production and 2011 numbers were expected to easily outpace the previous year.