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.
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.
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.
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.
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.
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.
Sen. Lamar Alexander, R-Tenn., pledged to push a vote to complete the Yucca Mountain nuclear waste facility in Nevada if Senate Majority Leader Harry Reid, D-Nev., moves to limit filibusters, Roll Call reports.