The U.S. Without Coal? Good Luck.

The U.S. Without Coal? Good Luck.

Coal’s role as a Cornerstone Fuel goes far beyond winter crises but is a 24/7 contributor to reliable and affordable electricity all year round. And, as far as summer heat goes, this paper is being written in a heatwave (June 26), where, even after the closure of hundreds of power plants, coal-based electricity still underpins key U.S. Federal Power Markets: MISO-32%. PJM-19%, SPP-33% – Just these three Markets stretch across 43 states, Manitoba…

Financial Industry Shifts from Coal Without Any Funding Cuts

Global financial industry’s vow to shift from coal has not translated into reduced funding as per new analysis from environmental groups, reported Axios. This analysis found that 650 commercial banks which provide finance for thermal coal production and coal fired power, showed $130billion in loans and underwriting in 2024.  This is similar to the $132billion in the year 2022 and an increase from $123billion in 2023. China has been the biggest s…