"significantly unprofitable": coal and nuclear

[RandomGuy]

Bouton's does a good job of representing the Democrats message to coal country "you're going to lose your jobs and be poor haha screw you, oh but you have to keep voting for us because we can't win without you"

The GOP already declared war on blue voters with the tax cut that targeted blue states to pay for the tax cuts, so let's not kid ourselves about civility, or that the Republican party gives a two squirts of for the country as a whole.

That kind of nakedly cynical backstabbing makes our jobs as Democrats a lot easier. If you and Trump wants to think that coal jobs are where the votes are, I'm cool with that, pander to the dying industry.

I know where the job and economic growth are. Reality doesn't care about your feelings, snowflake.

[Winehole23]

Perry's proposed bailout founders:

One of the Trump administration’s major efforts to prop up ailing coal companies has run aground in the White House, a setback to an industry that had hoped for a major resurgence after Donald Trump won the presidency.Energy Secretary Rick Perry has spent more than a year pushing various plans that would invoke national security to force power companies to keep their economically struggling coal plants running — a goal in line with Trump’s frequent pledges to revive what he calls “beautiful, clean coal.

”

But the White House has shelved the plan amid opposition from the president’s own advisers on the National Security Council and National Economic Council, according to four people with knowledge of the discussions..

https://www.politico.com/story/2018/...e-trump-850528

[Winehole23]

coal jobs not coming back:

[Winehole23]

more bad news: wind and solar generation is cheaper than coal in many parts of the USA:

The cost of new wind and solar power generation has fallen below the cost of running existing coal-fired plants in many parts of the US, threatening to wreck President Donald Trump’s hopes of reviving the mining industry.New estimates published on Thursday by Lazard, the investment bank, show that it can often be profitable for US generation companies to shut working coal plants and replace their output with wind and solar power.The calculations suggest that closures of coal-fired plants are likely to continue, eroding US demand for coal and jeopardising Mr Trump’s ambition to “put our coal miners back to work”.The falling cost of renewable energy is adding to the pressure from cheap gas and stagnant demand for electricity, which have cut US coal power output by more than 40 per cent since 2007.

https://www.ft.com/content/af6915c8-...5-792428919cee

[Winehole23]

thinning margins have strained the mining company as customers for thermal coal continue to dry up. Coal-fired electricity is expected to fall this summer, even though summer months are usually boom times for coal plants as air conditioning bolsters electricity demand. That's because cheap natural gas and a boost in renewable capacity have displaced dirtier, more expensive coal.

https://arstechnica.com/information-...or-bankruptcy/

[boutons_deux]

China, Japan and South Korea, while vowing to go green at home, promote coal abroad

these three countries are facing growing scrutiny for financing dozens of new coal-fired power plants in foreign countries.

Most of the plants are being built in Southeast Asia and Africa,

in emerging economies where the growing demand for cheap, reliable electricity is most easily met by coal, the single largest source of the greenhouse gas emissions blamed for warming the planet.

governments in these countries are looking abroad to protect domestic companies that

manufacture coal plants and supply equipment like steam turbines and boilers.

“The Chinese, Japanese and Koreans have a lot of coal-fired power equipment that will not have a great deal of international value in another three to five years,”

“So they’re looking to partner with countries that can move forward quickly to put new coal-fired power capacity in place.”

https://www.latimes.com/world/asia/la-fg-indonesia-south-korea-coal-energy-finance-20190513-story.html

China in Africa is of course extending its influence beyond coal fired plants

[RandomGuy]

https://arstechnica.com/information-...or-bankruptcy/

https://www.eia.gov/todayinenergy/detail.php?id=37952

[boutons_deux]

btw, I read the Tesla's battery factory is exporting batteries rather than providing to Tesla battery systems and Tesla rooftop systems.

https://www.reuters.com/article/us-t...-idUSKCN1SL1H5

[MultiTroll]

more bad news: wind and solar generation is cheaper than coal in many parts of the USA:

https://www.ft.com/content/af6915c8-...5-792428919cee

$ubscribe to read.

[boutons_deux]

planet is ed and un able

The plastic industry is on track to produce as many emissions as 600 coal-fired power plants





https://grist.org/article/the-plasti...-power-plants/

[Winehole23]

$ubscribe to read.

Dontcha hate it? I sure do.

[CosmicCowboy]

btw, I read the Tesla's battery factory is exporting batteries rather than providing to Tesla battery systems and Tesla rooftop systems.

https://www.reuters.com/article/us-t...-idUSKCN1SL1H5

It's not exporting batteries its exporting solar cells. Those cells are then assembled into panels offshore where it's cheaper and then reimported to the US. They avoid the tariffs that way since the original cells were US.

[boutons_deux]

US power output from renewables exceeds coal for the first time in history


Hydroelectric dams, solar panels, and wind turbines generated

68.5 million megawatt-hours of energy during the month of April 2019,

compared to 60 million for coal.


https://www.theverge.com/2019/6/26/18759933/usa-coal-power-natural-gas-renewables

[benefactor]

Although Trump has touted coal's rebirth, 51 coal plants have closed and eight coal companies have filed for bankruptcy since his election, CBS News reported last month.

Coal’s share of the U.S. electricity mix fell from 48% in 2008 to 27% in 2018 and is projected to be 22% in 2020, according to the Department of Energy.

“We’re retiring a coal plant every month. Coal will all be gone by 2030,” said Bruce Nilles, a managing director at the Rocky Mountain Ins ute, a think tank in Colorado that focuses on energy and resource efficiency.

https://www.yahoo.com/finance/news/p...032519841.html

[boutons_deux]

Is President Donald Trump losing his fight to save coal?

Third major company since May files for bankruptcy

Nearly 2,000 miners across four states may lose their jobs after yet another major coal company filed for bankruptcy this weekhttps://www.usatoday.com/story/news/...cy/1644619001/

[boutons_deux]

As Trash s up offshore wind ...

Shift to renewable electricity a win-win at statewide level

Amid rollbacks of the Clean Power Plan and other environmental regulations at the federal level,

several U.S. states, cities, and towns have resolved to take matters into their own hands and implement policies to promote renewable energy and reduce greenhouse gas emissions.

now in effect in 29 states and the District of Columbia, is to set renewable portfolio standards (RPS),

which require electricity suppliers to source a designated percentage of electricity from available renewable-power generating technologies.

the financial benefits associated with air quality improvements from these policies would more than pay for the cost of implementing them.

"This research helps us better understand how clean-energy policies now under consideration at the subnational level might impact local air quality and economic growth,"

MIT researchers estimated that existing RPS in the nation's Rust Belt region

generate a health co-benefit of $94 per ton of carbon dioxide (CO2) reduced in 2030,

Their central estimate is 34 percent larger than total policy costs.

The team also determined that carbon pricing delivers a health co-benefit of $211 per ton of CO2 reduced in 2030,

63 percent greater than the health co-benefit of reducing the same amount of CO2through an RPS approach.

https://phys.org/news/2019-08-shift-renewable-electricity-win-win-statewide.html

[boutons_deux]

How corporate-friendly bankruptcy laws keep protesting miners from being paid:

‘That train leaves, we ain’t got nothing’

Bankruptcy laws in the United States have grown so corporate-friendly that if a company goes belly-up, employees are going to be the real losers.

Such is the case in Kentucky, where coal miners are preventing a train of coal from moving by holding a sit-in on the railroad tracks.

“We mined the coal and broke our backs to get that coal, so that coal belongs to us until they pay for it.”

“We had just bought a washer, and then the bank pulled the money back out, and it made our account negative,”

Blackjewel could legally take all of their money and run and refuse to pay their workers.

“Let’s call this what it is: legalized looting — looting that makes a handful of Wall Street managers very rich while costing thousands of people their jobs,

putting valuable companies out of business, and hurting communities across the country,”

President Donald Trump promised miners he would save their jobs when he ran for president in 2016.

he has yet to step in to help coal miners.

https://www.rawstory.com/2019/09/how-corporate-friendly-bankruptcy-laws-keep-protesting-miners-from-being-paid-that-train-leaves-we-aint-got-nothing/

Did Trash LIE?

[Winehole23]