The Energy Department has announced a new initiative that aims to boost the declining coal industry by making about $122 million available to discover new uses for the fossil fuel.
Category: Fossil Fuels
“Potentially Permanent” Death Spiral for U.S. Coal Industry
Sure, today’s news cycle is dominated by the pandemic and systemic racism. Underneath that, however, the world hasn’t stopped grinding forward. The macrotrends that underlie each of our industries haven’t ceased to affect us. As discussed in the Newsweek article, …
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Oil Companies Squashing Pipeline Protestors
The oil companies’ lawyers have been both clever and successful at amping up the attack on would-be pipeline protestors, whether they be indigenous or just garden-variety environmentalists. In March, they were able to have protests viewed as acts of terrorism …
Tagged with: Oil Companies Squashing Pipeline Protesters
Another Nail in the Oil Industry’s Coffin
This is a temporary anomaly in the oil market, brought on by the dramatic reduction in demand due to the pandemic, and the fact that those buying oil at this point have to pay handsomely to store it. In any …
Tagged with: Another Nail in the Oil Industry's Coffin
Big Oil Capitalizes on COVID-19
Here’s a deeply moving article by legendary environmentalist Bill McKibben, covering the greed and criminality of the oil companies and the banks that support them, explaining how they’re capitalizing on the pandemonium caused by the coronavirus to push through their …
Tagged with: Big Oil
Coal Really IS On Its Way Out
Here’s an excellent piece on the rise and fall of coal around the world. Even in places like China, the relative costs of coal versus competitive energy resources has begun to take coal out of the picture. Two key metrics …
Smart Money Exiting Fossil Fuels–As In **Right Now**
Europe’s largest bank, UBS, is pulling out of all deals that involve coal and oil extraction in the arctic.
Is Oil Giant ConocoPhillips Really Working to Reduce Greenhouse Gas Emissions?
Houston-based oil giant ConocoPhillips notes: Between 2000-2016, the natural gas and oil industry invested $108 billion on new technologies to mitigate greenhouse gas emissions — and U.S. emissions are at their lowest level in a generation. We must continue working …
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Activists Demanding UK’s Barclays to ‘Stop Funding the Climate Emergency’ Shut Down Nearly 100 Branches
From this article: In a coordinated action to pressure Barclays to stop financing climate destruction, Greenpeace activists on Monday morning shut down 97 of the British investment bank’s branches across the United Kingdom.
Saying No to Coal Is Saying Yes To Human Wellness and Longevity
It is well established that 13,000+ Americans die annually and hundreds of thousands become ill due to the heavy metals and radioactive isotopes associated with coal-fired power plants. Given that, it’s not clear why a study was required to conclude …
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