Latest news
UK to amend subsidies for dirty coal-fired power plants
The British government said on Monday it plans to amend the latest draft of its proposed energy capacity market to exclude long-term subsidies for ageing coal plants, succumbing to the pressure from environmental campaign groups.
read more... 05/08/2014
British government gives the go-ahead to a new round of shale gas exploration
The British government unveiled it was opening up the bidding process for shale gas exploration in the country under the so-called "14th onshore licensing round". Alongside shale gas exploration, the bidding process will cover exploration and development of tight gas, coalbed methane and mine vent gas.
read more... 30/07/2014
Total: assets acquired by South Africa’s Exxaro for $472 million
Mining conglomerate Exxaro Resources declared on Monday it had purchased the South African coal assets of France's Total for $472 million, increasing its production and offering it extra capacity at the world's major export terminal.
read more... 29/07/2014
Japan to fund coal-fired power plants worldwide
The Japanese government has unveiled its support for the development of coal-fired power worldwide, by providing an annual investment of $4 billion. The move is neglecting calls from the Obama administration and global environmental groups to reduce public funding for carbon-intensive coal.
read more... 24/07/2014
Daily: European coal prices increase on new wave of sanctions against Russia
Crude oil prices closed down after a nervous trading session on Tuesday as oil supplies remained untouched by continuing violence in Iraq, Ukraine and Gaza. Brent crude for September delivery dropped 35 cents to hit $107.33 a barrel, after having fluctuated between $107.20 and $108.40. U.S. oil for August delivery declined 17 cents to settle at $104.42 a barrel, down from a session high of $105.25.
read more... 23/07/2014