The largest source of primary energy, coal

Oil, gas, coal, nuclear (PWR, EPR, hot fusion, ITER), gas and coal thermal power plants, cogeneration, tri-generation. Peakoil, depletion, economics, technologies and geopolitical strategies. Prices, pollution, economic and social costs ...
moinsdewatt
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by moinsdewatt » 13/04/16, 19:01

Coal: Peabody the largest American producer files for bankruptcy

By latribune.fr 13/04/2016,

Peabody Energy, the largest producer of coal in the United States suffers, like its competitors, from the fall in the prices of raw materials. Through this procedure, he hopes to renegotiate his debt with his creditors and restructure.
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http://www.latribune.fr/entreprises-fin ... 64032.html
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moinsdewatt
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by moinsdewatt » 16/04/16, 13:12

Coal outflow: Norwegian sovereign wealth fund excludes 52 companies

AFP Apr 14, 2016

Asked to come out of coal, the Norwegian public pension fund, the largest sovereign wealth fund in the world, proceeded to the exclusion of its 52 first companies in this capacity, announced Thursday the Bank of Norway.

In June, the Norwegian Parliament had enriched the ethical rules which frame the management of the enormous woolen stockings by requiring it to disengage from the mining companies or energy groups for which the coal represents more than 30% of the turnover. business or activity. The measure came into effect on February 1.

As such, the fund, which weighs approximately 7 billion crowns (111 billion euros) has therefore withdrawn from the capital of 765,5 mining and energy companies, mostly American and Chinese, notably Peabody Energy, the most major US coal producer, which filed for bankruptcy on Wednesday.

The list also contains several Indian groups including Reliance Power, Reliance Infrastructure and Tata Power, three Japanese groups and some European companies. "Other rounds of exclusions will follow in the course of the year," the Norwegian central bank, responsible for managing the fund, said in a statement.

If the Norwegian initiative had been welcomed by environmentalists last year against the background of mobilization against climate change, some regret that the three main coal producers in the world - Anglo American, BHP Billiton and Glencore - could there escape to the extent that coal represents less than 30% of their turnover.

The exclusion of coal has been added to a list of ethical criteria which prohibits the Norwegian fund from investing in particular in companies guilty of human rights violations, manufacturing "particularly inhuman" weapons or even producing tobacco. On its own initiative but for purely economic reasons, the fund - which controls 1,3% of the global market capitalization - has sold in recent years its shares in dozens of other groups present in coal, judging that their impact on the environment was detrimental to their financial viability.


http://www.connaissancedesenergies.org/ ... tes-160414
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moinsdewatt
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Re: Re:




by moinsdewatt » 26/07/16, 18:58

CHINA HAS EXCEEDED ITS COAL PIC

July 19 2016

China's peak coal is a thing of the past. That's the belief of Tim Buckley, director of energy financial studies at the Institute for Energy Economics and Financial Analysis. The institute has just published a study which highlights the fact that "the pace of transformation of the Chinese electricity sector continues to accelerate. The demand for electricity has decoupled from economic activity, and China continues to diversify its energy mix and reduce its consumption of coal faster than anyone expected ".

According to the latest figures from the Chinese National Bureau of Statistics, released on Friday July 15, coal production in the country fell 16,6% in June compared to last year. Compared to 2015, this drop was 9,7% over the first 6 months of the year. Over this period, industrial production increased by 6%. China consumes and produces almost half of the world's coal.

http://www.novethic.fr/breves/details/l ... arbon.html
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dirk pitt
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Re: The largest source of primary energy, COAL




by dirk pitt » 27/07/16, 10:40

very interesting and according to some, this "peak" would not be really "physical" or "geological" but also economic.
Here is a very interesting article on the relationships between peak and energy prices, in particular on this example of the Chinese coal peak:
https://ourfiniteworld.com/2016/06/20/c ... s-problem/
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moinsdewatt
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Re: Re:




by moinsdewatt » 18/10/16, 21:14

Coal: the CGT mobilizes in the face of threats to traffic

Published 18 / 10 / 2016 lemarin.fr

Dock workers and port employees are called to stop working two hours on October 20 as part of a joint movement with employees of coal-fired power plants. Reason: the carbon tax project which risks condemning several power stations and causing ports (mainly Fos, Le Havre and Montoir) to lose traffic.


http://www.lemarin.fr/secteurs-activite ... es-trafics

Ah well that there will inevitably be losers ......
But we will not cry too much over it.
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moinsdewatt
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Re: Re:




by moinsdewatt » 04/11/16, 22:18

Engie announces closure of Hazelwood coal-fired power plant

Léna Corot on 03/11/2016

The Hazelwood coal-fired power plant, located east of Melbourne, Australia, is considered one of the most polluting in the world by environmental associations. Engie confirms this Thursday the closure of this plant and the adjacent mine.

The Hazelwood coal-fired power station, considered one of the most polluting in the world by environmental associations, will close. Engie announces this Thursday the effective closure of this plant located near Melbourne, Australia, and the adjacent mine by the end of March 2017.

The Hazelwood plant, in operation since the 60s, produces 5,4% of Australia's electricity. It currently employs 750 people, including 450 Engie employees and 300 subcontractors. Engie says that after production ceases, up to 250 people will continue to work on the site in preparation for dismantling and rehabilitation of the mine. Isabelle Kocher, Managing Director of Engie, explains: "We are committed to supporting our employees and to working as of now on the rehabilitation of the site, in close cooperation with all of our stakeholders".

For some time, the Hazelwood plant has been facing difficult market conditions, explains Engie in a press release: electricity prices are falling and the state of Victoria, where the power plant is located, is experiencing excess production capacity.

Engie focuses on low carbon projects

Above all, this closure is part of Engie's strategy of gradually removing its coal assets from its portfolio. Engie, which took over the plant in 2010 when purchasing International Power, has already announced that it will consider shutting it down as part of this plan. The group aims to focus only on low carbon projects for the production of electricity, renewables and natural gas.

In 2016, Engie already closed or sold coal assets covering more than 5GW. The group said, in a press release, thinking about the sale of two of its power generation assets in Australia: the Loy Yang B coal power station and the Kwinana gas power station.

It remains to know the cost of this dismantling. Les Echos, without specifying the source, said at the end of October that the closure of this plant would cost 1 billion euros.

http://www.usinenouvelle.com/article/en ... od.N458787
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moinsdewatt
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Re: Re:




by moinsdewatt » 13/11/16, 13:48

Bad news :

United States: Trump's victory is also that of coal

Nov 10, 2016 connanceancesenergies.org

Trump and coal

Image
Donald Trump won more than 70% of the vote in Wyoming, the main coal-producing state in the United States. (© Peabody)


After the election of Donald Trump on November 8, the share price of the main American coal producer Peabody rose by almost 50% (1). The 45th President of the United States announced during his campaign to "revitalize" the American coal industry.

The declining King Coal industry
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http://www.connaissancedesenergies.org/ ... bon-161110
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moinsdewatt
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Re: Re:




by moinsdewatt » 26/11/16, 21:10

Canada to shut down coal-fired power plants by 2030

AFP 21 November 2016

Canada will shut down its coal-fired power plants by 2030 to accelerate the reduction of greenhouse gas (GHG) emissions under the Paris Climate Agreement, the Minister of the Environment announced Monday Catherine McKenna.


These plants, located in four provinces, emit approximately 10% of Canada's total GHG emissions and shutting them down will remove 1,3 million cars from circulation, McKenna said at a press conference. The Minister has set a new target to reduce GHG emissions by 80% by 2050 compared to 2005 levels.

Until now, environmentalists and part of the opposition have criticized Justin Trudeau's Liberal government for maintaining the same GHG reduction targets by 2030 as the previous Conservative government, i.e. 30%. Closing the plants will reduce Canada's emissions "by more than 5 million tonnes" by 2030, McKenna said.

About 80% of the electricity produced in Canada currently comes from renewable energy, and the goal is to increase this proportion to 90% by 2030, she said.

The provinces of Alberta, Saskatchewan, New Brunswick and Nova Scotia will either be able to either completely shut down their coal-fired power plants, as the former plans to do, or resort to "capture and capture technologies. carbon storage, ”McKenna said. For the Minister of the Environment, Canada is therefore accelerating its objective of shutting down coal-fired power stations, as “France, the United Kingdom, the Netherlands, Denmark and Austria” have also announced.


http://www.connaissancedesenergies.org/ ... 030-161121

Canada consumed 46 million tonnes of coal in 2012.

http://fr.actualitix.com/pays/can/canad ... mation.php
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moinsdewatt
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Re: Re:




by moinsdewatt » 26/11/16, 21:10

Finland wants to abandon coal by 2030

LES ECHOS The 25/11/2016

The Finnish government plans to close all of its coal plants within 14 years. The country wants to cover half of its needs with renewable energy by 2020.

Finland has revised its climate ambitions upwards. While 10% of its energy comes from coal, the country has announced that it will shut down all power plants by 2030. “Giving up coal is the only way to meet our international climate goals,” explained Olli Rehn, the Minister of the Economy. He added that this would strengthen Finland's image as a "clean technology" country. Many other countries, including the UK and France, are planning to phase out coal, but Finland could become the first European country to end coal mining as an energy resource.

In the long term, Finland has set itself the goal of carbon neutrality, which generally consists of minimizing its CO2 emissions and "offsetting" the remaining emissions by investing in greenhouse gas reduction projects greenhouse (GHG), on the same site or elsewhere in the world. Thus by 2020, Finland wants to cover half of its needs with renewable energy.

http://www.lesechos.fr/industrie-servic ... 045788.php

They unlock at Les Echos.
France stopped mining coal years ago. Finland will not be the first to abandon coal mining in Europe.

Coal consumption in Finland was 4.5 million tonnes for the year 2013.

http://www.helsinkitimes.fi/finland/fin ... jumps.html
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Re: The largest source of primary energy, COAL




by Ahmed » 26/11/16, 21:41

If the exploitation of the mines ended well a long time ago, the exploitation of thermal power stations continued well after and even if the gas gradually replaced solid fossils, still today there remain four power stations Operating.
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