The Biden administration issued final guidance on the bonus tax credit for American communities dependent on fossil fuels. The new rules, issued by the Department of the Treasury and the Internal Revenue Service on April 4, will allow “green” energy companies to secure additional tax credits when investing in local communities economically tied to oil and coal extraction….
Treasury Department and IRS Issue Guidance for Bonus Tax Credit for Fossil Fuel Communities
April 5, 2023
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Feds Reject Proposal to Allow Coal Workers Early Access to Pension Benefits
The federal government has rejected a proposal that would allow coal workers to obtain early access to their Canada Pension Plan (CPP) benefits for workers who face “earlier than planned” retirement due to climate regulations. A letter by Natural Resources Minister Jonathan Wilkinson in response to a parliamentary committee report making the proposal, said the…
Labor Refuses Greens’ Proposal to Ban Coal and Gas Projects in Climate Safeguard Mechanism
Climate Change and Energy Minister Chris Bowen has brushed off the Greens’ proposal to ban coal and gas developments as the centre-left government seeks to pass the climate safeguard mechanism in the upper house. Labor’s safeguard mechanism, which would deal the resource sector a heavy blow, would mandate Australia’s 215 businesses that emit the highest…
‘Populist Rhetoric’: Major Coal Miner Lambasts Government for Limiting Exports
February 12, 2023
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Dreams of creating an “Elysian fields of a renewable economy” have created a potential energy shortfall in New South Wales (NSW) which has forced the government to limit how much coal miners can send overseas, says leading miner Whitehaven Coal. The government is set to impose a quota on mining firms to reserve 10 percent of…
Energy Unreality Grips California, Not the World
January 26, 2023
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Commentary One of the themes in my Epoch Times columns is that a large part of what’s wrong with California is the politicians’ oversized belief in the importance of the state, and of themselves. They keep saying the state soon will be the fourth largest global economy, surpassing Great Britain and Germany, when it’s just…
The Fed’s Jay Powell Is Trying to Have It Both Ways on Climate Change
Commentary Fed-speak, Alan Greenspan once explained, was about practicing the art of constructive ambiguity. Testifying to Congress as Fed chairman, Greenspan would resolve a sentence in a deliberately obscure way that made it incomprehensible, “but nobody was quite sure I wasn’t saying something profound when I wasn’t.” Speaking on Tuesday at a symposium on central bank independence…
Fossil Fuels Once Again the Preferred Source of Reliable, Affordable Energy
Commentary It seems like just the other day that the wrath of the world was coming down on oil and coal. To protect the atmosphere, Canada has been reducing coal-fired power generation for years. It started in Ontario, then moved to Alberta. Saskatchewan is next. New Brunswick is supposed to stop by 2030, but that…
Federal Utility to Build Gas Plant in Tennessee Despite EPA and Biden’s Concerns
January 12, 2023
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The largest public utility in the United States signed a plan this week to move forward with building a natural gas plant to replace a coal-burning plant in Tennessee, a move that has drawn concern from the Environmental Protection Agency (EPA) and President Biden’s clean energy goals. “Following a multi-year, transparent, and public process, TVA…
In ESG Debate, Some See Threat to Livelihood, Traditional Values
January 11, 2023
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Charlie Masters, Kentucky farmer, has watched the prices rise. Diesel fuel and nitrogen fertilizer, two of the most critical ingredients for running his Fleming County beef and produce operation, are still costlier than just two years ago. That’s partly due to recent fluctuations in the prices of oil and natural gas. What’s behind those trends?…
Coal, Gas Lead 2022 Commodities Rally; Recession Fears Greet New Year
SINGAPORE—Coal and natural gas markets were poised on Friday to end 2022 with strong gains after a global energy crisis triggered by the Russia–Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel more gains. Industrial metals, iron ore and rubber are on track to finish in negative territory, pushed down in 2022…
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