This week is shaping up to be rough for the US coal industry. The EPA is holding hearings on plans to dramatically cut carbon-dioxide emissions released from US power plants and the Obama administration just published a report on the economic consequences of waiting to act on climate change. It’s enough to make one wonder… Keep reading →
Here’s an interesting discussion of ExxonMobil’s involvement in the “stranded asset” debate. Robert Rapier seeks to clarify Exxon’s worldview and the company’s response to recent climate action shareholder resolutions. He asks, how much time per day do you devote to planning how you’ll spend your lottery winnings? “You may fantasize about what you would do… Keep reading →
Coal consumption has been increasing in past months as natural gas prices pushed upwards and coal stocks dipped lower. With natural gas the peak-load fuel of choice for many utilities, base load summer cooling could be powered by lots of comparatively cheaper coal – with gas peaker plants firing up when demand surges and thus… Keep reading →
The “our” in this case refers to ExxonMobil. Often considered the face of “Big Oil,” the company is the largest intact remnant of John D. Rockefeller’s Standard Oil empire and the world’s largest US-based oil company in terms of reserves, production and revenue. Love or hate them, Exxon is a well-run company with strict investment… Keep reading →
