Coal industry’s situation worsens with Coronavirus
“Declining electricity demand has put enormous pressure on companies without strong balance sheets. And with capital markets turning away from the industry, it’s unclear how many coal firms can survive.”
Port repurposing of coal-plant site advances
Work advances on a major East Coast infrastructure project to turn the former Brayton Point Power Station site in Massachusetts into a supply-chain hub for offshore wind-farm construction and maintenance.
As pandemic expands, transition trends remain
“Momentum persists even in the age of Covid-19 around the transition from coal,” write two researchers who show how the trend grew at a historical pace in February and March.
Broadband industry looks to former miners for expansion-project work
“These coal miners have a work ethic like you cannot believe,” said one executive. “They are used to shift work, they're OK on travel, it all seems to work out.”
Momentum around reinvestment in shuttered coal-power properties
Drawing on skilled local workforces and proximity to existing infrastructure, industrial real estate companies—often in partnership with government—are putting redevelopment plans in motion at sites in several states.
Study: A ‘reckoning’ looms for U.S. coal sector
“Coal’s importance will continue to decline, as market erosion gains momentum across the industry,” concludes a study that sees coal accounting for less than 10% of power needs by 2025.
Op-ed: A Plains-state template for just transition
As the ongoing and “inevitable” decline of coal proceeds, the former lieutenant governor of North Dakota calls for foresight and planning, citing post-coal initiatives in Colorado, New Mexico, and Washington.
No takers for bankrupt Murray Energy assets
Once a stalwart of the industry, the coal-mining company, which has operations in Appalachia and the Illinois and Uintah basins, has cancelled its bankruptcy auction for lack of qualified bids.
Utility companies can reinvest in rural Arizona
Following an “elegant, simple, and fair” proposal by tribal leaders, utilities in the Grand Canyon State would reinvest seriously in coalfield communities otherwise left behind as mines and plants close.