The new buzz expression for Australian mining companies that are leaving fossil fuel assets behind to chase greater profits is: “future facing commodities.” No virtue signaling here — it’s all about long-term shareholder value. CEO Mike Henry told a Sept. 8 shareholder call: “The divestment of our petroleum business and … [continued]
The idea that it costs a premium to go green and clean is long expired in the electricity industry. A new report from the International Renewable Energy Agency (IRENA) indicates that most of the renewable energy installed in G20 countries last year had lower costs than the absolute cheapest coal … [continued]
Breaking news from the Western Australian government: it is closing coal-burning power plants early, investing billions into renewable energy storage, and investing into attracting new industries and creating new jobs. We know that the economics of coal-fired powers have been coming under pressure for some time now. It’s been cutting … [continued]
Traditionally, conservatives have endorsed fossil fuels as the only viable energy source. Recently, however, momentum has shifted so that more conservatives than ever are publicly embracing the potential for renewables.
Scotland recently demolished its last coal-fired power station, ending coal’s reign in the country with a literal bang – ending decades of reliance on the emissions-heavy fossil fuel. “Today’s event is a symbolic reminder that we have ended coal-fired power generation in Scotland, as we work in a fair and … [continued]
Say it isn’t so, Joe! The Senator has a long history of fighting climate action — how can cleantech solutions now find a place in the mainstream?
Although coal-fired power plants have no mandatory retirement age, power plant owners and operators have reported to EIA that they plan to retire 28%, or 59 gigawatts (GW), of the coal-fired capacity currently operating in the United States by 2035. As of September 2021, 212 GW of utility-scale coal-fired electric-generating … [continued]
Originally published at Green Energy Times. An Old Paradigm The electricity most of us use comes from a system that was designed mostly over a hundred years ago. It was built around concepts that benefited customers of that time. It started with baseload power plants with transmission lines carrying the … [continued]
China has pledged to end financing for foreign coal generating stations.
The hypocrites in Canberra blame the big emitters India and China for climate change, but the coal they are burning is ours. We dig the stuff out of the ground, sell it overseas, and wash our hands of the outcome. We claim to be low-carbon emitters, but it just isn’t … [continued]
