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 On Thursday, the Biden Admin...
Tag: coal
Australian Mining Billionaire Touts A Green Revolution In U.S. Coal Country — With Skepticism Trailing Close Behind
Andrew Forrest travels the globe trying to persuade leaders of industry and politics — and rank-and-file workers — that despite his polluting past he’s the man to champion green hydrogen as the clean ...
German Coal, French Nukes Throw Europe Deeper Into Energy Crisis
Wind turbines are seen near the coal-fired power station Neurath of German energy giant RWE in … [+] Garzweiler, western Germany, on March 15, 2021. – On March 16, 2021, the group will pre...
Austria Returns to Coal Era in Hedge Against Russian Power Play
(Bloomberg) — Austria is returning to the coal age, reviving use of the dirtiest fossil fuel to generate power as Russia curbs flows of natural gas to Europe. Most Read from Bloomberg State-cont...
3 coal stocks to buy as global demand outpaces supply
Coal prices have been in a strong bullish trend in the past few months as demand continues to outpace supply. Prices have jumped by more than 120% in the past 12 months and analysts expect that this t...
The Canary In The Coal Mine In The Race To Net Zero
Carbon trading, a practice established in the 1990s, is now at a turning point; one where blockchain technologies has the power to make a lasting impact. Already, crypto-backed trading of carbon credi...
EU plans renewables expansion, says coal needed a little while longer
A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gap...
AI For Sustainability, The Billionaire Betting Against Coal And Tesla Facing Lower China Sales
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. Farmwise makes robots that weed vegetable...
The Aussie Tech Billionaire Who Bet Big Against Coal, Making Enemies At Home And Admirers In The U.S.
AGL plans to keep its Loy Yang coal plant, pictured above, in Victoria, Australia, running until 2032. Photo by Carla Gottgens/Bloomberg Wearing blue jeans and a black pair of R.M. Williams boots, wit...
Widjaja Family’s Golden Energy And Resources Completes $1.2 Billion Acquisition Of BHP’s Australian Coal Mines
Coal from a mine is stacked at Hay Point, Queensland, Australia. Fairfax Media via Getty Images via Getty Images Golden Energy and Resources—controlled by the Widjaja family—has completed its acquisit...
China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan
The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claim...
Crypto Miners Now Taking Advantage of Increase in Coal Energy Usage
Despite these obvious negative contributions, some mining companies, though using coal to power their crypto mining operations, are helping the environment in a mutually beneficial setting. The curre...
Russia’s War Is Turbocharging the World’s Addiction to Coal
(Bloomberg) — In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life. In South Africa, more coal-laden ships are embarking on what...
Kerry Praises Europe As ‘The Lead On The Planet’ For The Energy Transition
GLASGOW, SCOTLAND – NOVEMBER 04: Secretary John Kerry, U.S. Special Presidential Envoy on Climate, … [+] launches the First Movers Coalition, the green initiative announced at COP26 by Pre...
China Raises Coal and Gas Output to Records After Prices Surge
(Bloomberg) — China boosted coal and gas output to record levels in March, as the nation turned to its domestic producers for security of supply after international prices skyrocketed in the wak...
Don’t Expect U.S. Miners to Replace Russian Coal in Europe
(Bloomberg) — U.S. coal miners including Peabody Energy Corp. are surging as the European Union proposes banning imports of the fuel from Russia. But it will be difficult, if not impossible, for...
Alex Epstein’s Case For Using More Oil, Coal And Natural Gas
SEPTEMBER 19: Picture taken 19 September 1984 in the North Sea of the Norwegian oil drilling rig … [+] “Statfjord B”. (Photo credit should read STF/AFP via Getty Images) AFP via Gett...
US Bitcoin Mining Firm Utilizes Harmful Coal Waste To Generate Energy For Mining
Stronghold Digital Mining (SDIG), a crypto mining firm in Pennsylvania, in quite a unique way, is powering hundreds of mining rigs by turning waste from old power plants into energy. The mining ...
Coal waste to now power crypto –
Crypto will now be powered by coal waste as per Stronghold Digital Mining The mining process will clean up several cities and countries It is the largest decentralized computer network present today...
US Bitcoin mining firm turns to harmful coal waste for cleaner energy
Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs. The company collects coal refuse...
Coal Waste for Mining Bitcoin – Here’s How This Company Is Changing the Narrative
Stronghold Digital Mining has found a diverse usage for the by-product of coal in a move that will make crypto mining critics rethink. The residue from coal will be used to mine Bitcoin while saving t...
US Bitcoin Miner Generates Its Own Electricity Using Waste From Coal
Stronghold Digital Mining has come up with an innovative way to generate electricity to mine Bitcoin rather than relying on the electricity network in the U.S. The company is reportedly using coal was...
US Bitcoin Miner Uses Coal Waste to Generate Electricity (Report)
Pennsylvania-based cryptocurrency mining company – Stronghold Digital Mining – reportedly employs coal waste to power its hundreds of supercomputers. Thus, the company aims to use a byproduct instead ...
Stronghold Digital Mining Collects Coal Waste to Power Cryptocurrency Mining
Stronghold Digital Mining, based in western Pennsylvania, has found a new, environmentally friendly way to mine cryptocurrency, Reuters reports. Stronghold Digital Mining said it would harvest the byp...
Coal is a ‘stupid investment’: UN chief Antonio Guterres
UN Secretary General António Guterres photographed at the COP26 climate summit in Glasgow, Scotland on Nov. 11, 2021. Jeff J Mitchell | Getty Images News | Getty Images The U.N. Secretary General issu...
Attempt to digitalize coal: the US becoming cryptocurrency mining capital of the world
Development crews are converting an old coal-washing plant in Belfry, Kentucky, to turn it into a Bitcoin mine located deep within the Appalachian mountains. Kentucky also provides each property with ...
U.S. Unveils Battery Strategy in West Virginia to Ease Coal Loss
(Bloomberg) — Energy Secretary Jennifer Granholm and Senator Joe Manchin on Friday announced a program to develop lithium batteries in the U.S. as part of a broader strategy to help Appalachia a...
Kentucky Bitcoin Miners Want to ‘Digitize Coal’
Deep in the Appalachian mountains in Belfry, Kentucky, construction crews are retrofitting an old coal-washing plant and converting the facility into a Bitcoin mine. Former venture capitalist Warren R...
With Coal On The Way Out, Policymakers Have Their Eye On Natural Gas
BUTTONWILLOW, CA – MARCH 22: Gas is flared as waste from the Monterey Shale formation where gas and … [+] oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom ...
Peabody Gets a $534 Million Margin Call on Coal, and Goldman Steps In With a 10% Loan
(Bloomberg) — Locking in a price to sell coal at $84 a metric ton must have seemed like a good bet for Peabody Energy Corp. a year ago. Most Read from Bloomberg Back then, many factories and off...
China Shunning Russian Coal With Banks Nervous Over Sanctions
(Bloomberg) — Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on ...
Montana Coal Mine Becomes Crypto Mining Facility, but Not Everyone’s Happy
Montana environmentalists aren’t happy about a decommissioned coal mine going into business again, this time as a crypto mining facility. Crypto Mining Rubs Climate Friendly People the Wrong Way Known...