Tag Archives for jobs
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.
By Roger Bezdek, for the U.S. Department of Energy
(WASHINGTON) – The U.S. coal industry is distressed, and the fate of U.S. coal mining regions and jobs figured prominently in the 2016 Presidential election. EIA forecasts that coal will continue to decrease as a source of U.S. electricity production through 2050. The economic and societal costs of coal mine closures are large, and the decline of the coal industry has taken a heavy toll. For example, the increased poverty associated with coal job losses is startling, and in some eastern Kentucky counties poverty rates exceed 30% and child poverty rates approach 50%.
BEIJING — Coal prices in China may continue to rise during the upcoming heating season, despite the endeavors of regulators to stabilize them, due to strong demand and overcapacity reduction, experts said.
“From now on to the end of the heating season next spring, coal prices will not show a downturn trend, with demand rising continually, if there are no strong measures from regulators to guarantee supply,” said Zhang Likuan, senior analyst at the China Coal Data Exchange Center.
Energy Business Review
By Tim Pierce
WASHINGTON, DC — Ukraine received its first shipment of anthracite coal from the U.S. Wednesday, part of an $80 billion deal between President Donald Trump and Ukrainian President Petro Poroshenko.
This shipment carried 62,000 tons of the total 700,000 tons set to be delivered to Ukraine by the end of the year, the Financial Times reports.
“As agreed with President Trump, first American coal has reached Ukraine. It is a significant contribution to our energy security and a vivid proof of mutually beneficial strategic cooperation between our two nations,” Poroshenko wrote in a Facebook post. “While it continues to steal Ukrainian coal from Ukrainian Donbas, Russia has lost yet another tool for its energy blackmailing.”
New York (September 19, 2017) – President Trump has announced his picks to fill out the Tennessee Valley Authority board of directors. The slate includes a coal executive and a leader at Oak Ridge National Lab.
The one nominee from Tennessee is Jeff Smith, who gets praise from both of the state’s senators. Smith was deputy director of operations at Oak Ridge. Republicans Lamar Alexander and Bob Corker say they still need to get to know the other nominees.
By H. Sterling Burnett
One of the main reasons President Trump pulled the United States out of the Paris climate agreement is the treaty is a “bad deal for America.” Among many other problems, it would cost a significant number of jobs. In support of his claim, Mr. Trump cited a study by NERA Economic Consulting that estimates if the United States were to meet its carbon-dioxide emissions reduction obligations under the Paris climate agreement, it would cost the economy nearly $3 trillion and the United States would lose 6.5 million industrial jobs by 2040, including 3.1 million in the manufacturing sector.
By Stephen Moore
Quick: what was the number one source of electricity production in the U.S. during the first half of 2017? If you answered renewable energy, you are wrong by a mile. If you answered natural gas, you were wrong by a tiny amount.
According to the Energy Information Administration, which tracks energy use in production on a monthly basis, the single largest source of electric power for the first half of 2017 was… coal. See chart.
By Timothy Gardner and Nina Chestney
WASHINGTON/LONDON (Reuters) – U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump’s administration to claim that efforts to revive the battered industry are working.
The increased shipments came as the European Union and other U.S. allies heaped criticism on the Trump administration for its rejection of the Paris Climate Accord, a deal agreed by nearly 200 countries to cut carbon emissions from the burning of fossil fuels like coal.
By William F. Shughart II
The Kemper County, Miss., power plant, once heralded as the future of clean coal, has become the poster child for its struggles.
Over-budget and mired in technical problems, the Southern Company, Kemper’s builder, recently announced that it’s giving up on the plant’s advanced coal-gasification systems. Instead, the plant will be powered solely by natural gas.
Renewable energy advocates and climate hawks had been expecting the announcement for months and reacted with predictable derision and high-fiving. But their gloating is foolish.