That’s the recently retired Ray Dalio, weighing in via his popular LinkedIn page to offer his thoughts on the collapse of Silicon Valley Bank, or SVB, and the regulatory response. SVB, whose client ba...
Tag: coal
SVB is not a canary in the banking coal mine
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Welcome to jobs day. Forecasters think there w...
Britain fires up back-up coal plants for first time ever
The West Burton A coal power plants will be fired up – Christopher Drabble / Alamy Stock Photo Coal power will help keep the lights on across Britain tonight as the National Grid fired up back-u...
Daniel Yergin Talks CERAWeek, Energy Security And The Energy Transition
S&P Global Vice Chairman Daniel Yergin listens during CERAWeek, an international energy conference, … [+] in Houston, Texas, on March 6, 2023. (Photo by Mark Felix / AFP) (Photo by MARK FELI...
Glencore Pays Out $7.1 Billion as Coal Drives Record Profit
(Bloomberg) — Glencore Plc will return more than $7 billion to shareholders in dividends and buybacks after the commodities giant reported another blockbuster profit driven by its coal and tradi...
Billionaire Drops Australia Coal Mine Appeal in Blow for Sector
(Bloomberg) — Australia’s A$133 billion ($92 billion) coal export sector suffered another blow after billionaire Clive Palmer’s Waratah Coal Inc. withdrew an appeal to open what would have been ...
Report Finds That Replacing Coal Plants With Renewables Saves A Lot Of Money
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Getty Images Energy policy think tank Ene...
Inside The Audacious Plan To Use 10,000 Nuclear Microreactors To Wean The World Off Coal
Bret Kugelmass of Last Energy aims to build his first 10 inexpensive, off-the-shelf fission reactors in eastern Europe. Anhour west of Houston, where suburban sprawl surrenders to cow pasture, sits a ...
99% Of U.S. Coal Plants Are More Expensive Than New Renewables. A Coal-To-Clean Transition Is Worth $589 Billion, Mostly In Red States
Nevada’s last coal plant is scheduled to close in 2025 after 40 years of service due to rising operation costs. The closure will dramatically improve air quality, yet the economic impact will be borne...
Biden And Sunak — The Energy Policy Odd Couple
TOPSHOT – US President Joe Biden (R) and British Prime Minister Rishi Sunak hold a meeting on the … [+] sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali, Nov...
The Post-Everything Energy Market
One of the most puzzling aspects of oil market analysis (and policy making more generally) concerns the frequent tendency to assume that short-term and transient developments represent the ‘new normal...
3 Coal Stocks With Attractive Dividend Payouts
Coal is the most burdensome form of energy for the environment. This has led most countries to make efforts to transition from coal to natural gas and renewable energy sources. As a result, some inves...
The Goal, The Roadblocks, And What It All Means For Coal And Gas.
Electrical power transmission lines at evening. Getty Images President Biden’s climate vision is to transition energy from fossil fuels to renewables in the electricity sector of the US economy. One o...
China’s Abrupt Covid Shift Hits Supply Chains From Solar to Coal
(Bloomberg) — China’s reopening is disrupting energy markets as the abrupt shift from Covid Zero shutters industry and upends the usual flow of commodities. Most Read from Bloomberg A dramatic s...
Germany Returns to Coal as Energy Security Trumps Climate Goals
(Bloomberg) — Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its ambitious climate goals. Most Read from Bloomberg Europe’s la...
The Year The Energy Transition Went Off The Rails
A coal miner covered in coal dust with a large hammer drill on his shoulder looking off into the … [+] distance, wearing a aluminum hardhat with a LED light attached looking at the camera while ...
America’s Top 100 Midcap Stocks, Including An Undervalued Coal Stock With An 18% Yield
The price of coal has doubled this year to record highs, minting massive profits for miners. Getty This year has been a rude awakening for investors accustomed to 13-years of gains wherever they looke...
The IEA Hawking Its Wares Again
Montmartre, under snow, 1903. Artist Georges Chenard Huche. (Photo by Heritage Art/Heritage Images … [+] via Getty Images) Heritage Images via Getty Images The International Energy Agency is at ...
U.S. Coal Exports To Europe Up 46% By Weight, 184% By Value
Coal was the nation’s fourth-ranked export by tonnage in the month of October, trailing three other … [+] energy sources: oil, refined petroleum and natural gases. ustradenumbers.com Europ...
Why stock-market investors shouldn’t count on a ‘Santa Claus’ rally this year
Investors, like kids on Christmas Eve, have come to expect Santa Claus will get down the chimney, march over to Wall Street and deliver the rewarding gift of a stock-market rally. This year, however, ...
UK’s Rishi Sunak Bans Fracking But Government Green Lights New Coal Production
NUSA DUA, INDONESIA – NOVEMBER 16: British Prime Minister Rishi Sunak shakes hands with President … [+] Joe Biden of the United States of America during a bilateral meeting at the G20 summ...
Top economist Mohamed El-Erian says crypto is a canary in the coal mine for an era of ‘irresponsible risk taking’—and the fallout could lead to ‘financial accidents’
Crypto investors have collectively lost $2 trillion since November of last year, and the list of casualties in the ongoing Crypto Winter continues to grow. The downturn was only compounded by the coll...
UK’s approval of new coal mine criticized as ‘deeply damaging mistake’
This image, taken in March 2021, shows the site where the new facility would be developed. Christopher Furlong | Getty Images News | Getty Images LONDON — Plans for a deep coal mine in the northwest o...
Indonesian Coal Billionaire Low Tuck Kwong Mines Super-Profits To Become The Country’s Second Richest Person
This story is part of Forbes’ coverage of Indonesia’s Richest 2022. See the full list here. Bayan Resources’ Low Tuck Kwong, whose wealth jumped nearly fivefold in the past year, is confident that coa...
Reports Of My Death Have Been Greatly Exaggerated (apologies To Mark Twain)
An Early Colliery Locomotive’, circa 1930. From ‘The Splendid Book of Locomotives’, by C. Gibbard … [+] Jackson. [Sampson Low, Marston Co Ltd London, circa 1930]. Artist Unknow...
Coinbase Debt Was ‘Canary in the Coal Mine’ for Crypto Meltdown
(Bloomberg) — In the wake of the spectacular meltdown of Sam Bankman-Fried’s crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about...
Apple stock ‘could be the canary in the coal mine’ for China reopening: Strategist
Investors curious about the next move in the broader market would be wise to pay extra attention to shares of multinational tech giant Apple (AAPL). “One of the reasons that has been helping sen...
COP 27 – Five Key Takeaways
Wood Mackenzie’s Energy Transition team. The lead-up to COP27 was inauspicious. Only 26 out of 193 countries had tightened pledges – made a year ago in Glasgow – for 2030 emissions reductions, while t...
Soaring Coal Prices Fuel Shares Of Indonesian Coal Company, Mints New Billionaire
A barge on the river of Mahakam to load coal from the mining area in Samarinda, East Kalimantan. BAY ISMOYO/AFP via Getty Images The share price of Jakarta-listed coal company Prima Andalan Mandiri mo...
Australia’s AGL Energy To Accelerate Exit From Coal Power As Billionaire Activist Installs Board Nominees
Mike Cannon-Brookes, co-founder and chief executive officer of Atlassian Pty Ltd., reacts during the … [+] Financial Review ESG Summit in Sydney, Australia, on Friday, June 15, 2022. Photographe...