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Tag Archives: coal industry

The stock market is kicking Consol’s butt

The stock market has not been nice to Consol Energy Inc. Just this year, shares in the company are down 57 percent.  On Wednesday, Consol began trading at $14.16 per share, which is down $19.65 when compared to its opening price on January 2nd.  After running into a 52 week low, the company managed to recover by the end of ...

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Obama has Wolf’s support 100%

Pennsylvania's Democratic candidate for governor Tom Wolf

On Monday, President Barack Obama and his administration announced the new climate change rules, and Governor Tom Wolf gives his full support. Obama’s Clean Power Plan focuses on cutting the U.S.’s power plant carbon emissions and battling climate change.  During his announcement on Monday, Obama made the following statement: We’re the first generation to feel the impact of climate change ...

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Editorial: Natural gas: More boom or bust?

Natural gas well. Getty Images via Newscred.

Deep Marcellus Shale natural gas under northerly Appalachia has pummeled West Virginia’s coal industry. Horizontal drilling and hydraulic fracturing unleashed a flood of cheap gas that grabbed many fuel markets, thanks to the dog-eat-dog laws of economics. The less-expensive product wins. Natural gas has been gaining on coal in America’s electricity generation — slightly edging coal, 31 percent to 30 ...

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Cheyenne Bishop: ‘We can’t check our morality at the door

The month following the release of Pope Francis’ controversial encyclical addressing climate change presented a moral challenge for Catholics in fossil-fuel reliant Wyoming. In an Inside Energy interview, Cheyenne Catholic Bishop Paul Etienne explained what the Holy Father’s call to action will mean for the largest U.S. coal producer. “I’ve already begun to receive questions from Catholics within the state ...

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Coal industry finds comfort in pope’s encyclical

4:04 p.m. (1404 GMT, 10:04 a.m. EDT) Not only environmental activists and renewable energy advocates are celebrating Pope Francis’ strong message on climate change. Even the coal industry found something they like. The World Coal Association highlighted the pope’s emphasis on helping the poor as a crucial part of the fight against climate change. WCA chief executive Benjamin Sporton told ...

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Railroads share coal industry’s problems

railroad

CSX and Norfolk Southern officials said recently their railways lost more than a billion dollars in revenue over the last four years because of declining coal shipments and they expect losses to continue. Shipments sank because of declining exports and increasing use of natural gas, the officials said. Fredrik Eliasson, CSX executive vice president and chief financial officer, said the ...

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More coal layoffs announced at Murray, Alpha

job cuts

Hundreds more West Virginia miners were told Friday that they were being laid off, in the latest blow to the already deeply troubled Appalachian coal industry. Alpha Natural Resources issued a statement announcing the “expected idling” of subsidiary Rockspring Development’s Camp Creek underground mine and processing plant in Wayne County and had given layoff notices to 439 employees at that ...

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2014: A woeful year for coal

coal

BLUEFIELD – By any measurement, the Central Appalachian Region coal industry suffered its lumps in 2014. With an unsympathetic administration in Washington that has effectively shaken confidence in an industry that has a long history of resilience through up and down cycles, the future doesn’t look bright. Add to that a receding global economy that isn’t showing any signs of ...

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Montana authorities take on coal-industry sales

BILLINGS, Mont. — Montana authorities charged Tuesday that coal sales between mining companies and their own affiliates are subject to manipulation and need to be treated differently from other sales. Coal sales to affiliates have come under increased scrutiny as state and federal regulators investigate whether mining companies are underpaying taxes on coal sold to U.S. and overseas power companies. ...

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