Germany is returning to coal as it faces its worst energy crisis in decades, even as it officially pursues its climate change goals. The central European nation is consuming coal at the fastest pace in almost six years, as it becomes one of the few countries to increase imports of the fuel in 2023, reported…
Germany Returns to Coal as Energy Security Trumps Climate Goals
December 22, 2022
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How Bad Energy Decisions Made Europe’s Energy Crisis Worse: IER Analysis
Though many blame the Russian attack on Ukraine as being the main driver of Europe’s energy crisis, the actual reason began well before the conflict, and is linked to bad energy decisions by the bloc, according to an analysis by the Institute for Energy Research (IER). Post the COVID-19 lockdown in 2021, energy demand in…
Bad Energy Decisions Made Europe’s Energy Crisis Worse: IER Analysis
Though many blame the Russian attack on Ukraine as being the main driver of Europe’s energy crisis, the actual reason began well before the conflict, and is linked to bad energy decisions by the bloc, according to an analysis by the Institute for Energy Research (IER). Post the COVID-19 lockdown in 2021, energy demand in…
G-7 Nations to Provide Vietnam With $15.5 Billion to Cut Coal Use
HANOI—The Group of Seven (G-7) industrialized nations will provide $15.5 billion to help Vietnam transition away from coal, the British foreign office said on Wednesday. The deal will be the third agreement of this type reached by G-7 nations. The group signed similar deals last year with South Africa and last month with Indonesia. An…
Report Finds Net-Zero and Ban on Coal, Gas Projects Will Cost Southwest Queensland $47 Billion
Australians living in the rural and regional areas of Queensland will be bearing the brunt of the net-zero agenda and green legal activism, which is putting coal and gas projects at risk of cancellation, costing up to an estimated $47 billion, according to a new paper. It comes as Australia’s major power providers are looking…
Energy Minister Dismisses Concerns Over Gas Price Cap, Opposition Says Plan Doesn’t Address Supply Shortfall
Energy Minister Chris Bowen has dismissed criticism from power companies following government plans to cap the price of gas and coal, but the opposition warned the centre-left Labor government’s plan will restrict supplies. National cabinet on Friday agreed to cap gas at $12 a gigajoule and coal at $125 a tonne for 12 months, as…
America Was Built on Coal. Now Biden Wants to Abolish It
Commentary The one promise that President Joe Biden has faithfully kept is his pledge to “close down” fossil fuels. We get two-thirds of our energy in America from fossil fuels, and almost one-third of our power comes from coal. That’s quadruple the amount of energy we get from wind and solar, which are niche forms…
Railroad Strike Threatens US Power Grid
Commentary If you can’t hear that train a’coming, don’t blame Johnny Cash. Blame the railway workers’ strike that could effectively shut down interstate commerce just as the holiday season begins. The strike could lead to further supply chain disruptions; it’s not just the consumer goods that drive Black Friday and beyond; it’s also the fuel that powers…
US Coal Prices Top $200 as World’s Energy Desperation Intensifies Ahead of Winter
U.S. coal prices soared past $200 per ton last week, according to new data from the Energy Information Administration (EIA). Spot Central Appalachia coal prices climbed to $204.95 per ton for the week ended Sept. 30, up more than 3 percent from the previous week. This price is the highest level since 2005. Newcastle coal…
Rex Murphy: The Choking of Our Energy Industry Is to the Detriment of Both Canada and the World
Commentary What is the number one most essential resource in the world today? Obviously, it is energy. Oil and gas and (yes, it’s making a return) coal during this fretful time have a value enhanced beyond their normal use. And considering that normal use is nothing less than powering the way of life of—literally—all of…
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