coal

House Oversight subcommittee field hearing on green policies and coal

St. Clairsville, Ohio, July 31, 2012, 8:00 am

House Oversight Regulatory Affairs, Stimulus Oversight, and Government Spending Subcommittee field hearing, "The Green Agenda and the War on Coal: Perspectives from the Ohio Valley." EPA Region 3 Administrator Shawn Garvin, EPA Region 5 Deputy Administrator Bharat Mathur to testify.  

Genesee & Wyoming to pay $1.39B for RailAmerica

GREENWICH, Connecticut (AP) — Genesee & Wyoming said Monday that it will buy RailAmerica for about $1.39 billion in a deal that combines the two largest short-line and regional rail operators in North America.

The combined company will operate 108 railroads in the U.S. and abroad. The deal will diversify what the railroads carry, offering protection from prolonged weakness in certain shipments like coal, and make it less dependent on certain big customers. The combination will also allow the two companies to streamline their operations to save money.

White House changed EPA soot proposal

Source: 
The Washington Post

Documents reveal that the White House eased the EPA's proposed soot standards, drawing criticism from environmentalist groups, The Washington Post reports.

CBO: Carbon capture still isn't financially viable

Source: 
The Washington Post

The Congressional Budget Office reports that carbon capture development hasn't progressed enough to be financially sustainable, despite federal grants of $6.9 billion since 2005, The Washington Post reports.

UK company plans novel coal power station

Source: 
Bloomberg

The energy company 2Co seeks to build the first UK coal-fired power station that employs carbon capture and storage technology on an industrial scale, Bloomberg reports.

Consol to lay off 318 in face of weak coal demand

Source: 
Bloomberg

Consol Energy Inc. will stop production at its Fola mine in West Virginia as customers cut back on deliveries, Bloomberg reports. 

Taxpayers lose big in Powder River Basin coal bidding

Source: 
The Washington Post

A new think tank report estimates that the government’s longtime practice of auctioning coal mining rights to a single bidder may have cost taxpayers as much as $28.9 billion over the past three decades, The Washington Post reports.

Rockefeller coal speech falls flat back home

Source: 
Politico

Sen. Jay Rockefeller's speech assailing his home-state coal industry is getting negative reviews back in West Virginia and raising speculation he might not win re-election in two years, Politico reports.

Arch Coal laying off 750 workers in Appalachia

LOUISVILLE, Ky. (AP) — One of the world's largest coal producers said Thursday it would lay off about 750 workers in the Kentucky, Virginia and West Virginia coalfields, the latest setback for an industry struggling to sustain market share as utilities switch to cleaner and cheaper alternatives to generate electricity.

The bulk of the cuts by Arch Coal Inc., almost 600, are in Kentucky. The disappearance of high-paying mining work heightened anxiety in hardscrabble Kentucky towns where officials worried declining demand for coal would result in leaner budgets and more people on unemployment rolls.

New owner seals W.Va. mine where 29 died in blast

The West Virginia coal mine where 29 men died in an explosion two years ago has been sealed shut by its new owners.

The Upper Big Branch mine hasn't operated since the April 2010 blast that was the worst U.S. mine disaster in four decades.

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