EU refuses to finance developing world coal plants

This does not mean less coal — just less Western-financed coal. China will be happy to finance these plants and gain favor and influence among developing nations. China wins. The West loses. All for nothing.

Source: Bloomberg Web | Global Bankers Spurn Trump’s Pleas to Keep Making Loans for Coal – BloombergPDF

Busted: Residential battery storage systems are expensive junk

According to a new study, if you use residential batteries to reduce electricity costs, you increase CO2 emissions. If you use them to reduce emissions, the batteries operate like a carbon tax costing $180 to $5,160 per metric ton for the small percentage (2.2 – 6.4%) of emissions avoided. So energy storage technology doesn’t even work on a small scale in homes — yet US electric utilities are announcing coal shutdowns in hopes that battery technology will somehow and someday be able to economically store wind and solar power on utility-scale.

Continue reading Busted: Residential battery storage systems are expensive junk

‘Clean and green’ policies punish the poor

What BURN MORE COAL is fighting against: “California now has the highest overall poverty rate in the nation, they write, and suffers from a level of inequality ‘closer to that of Central American banana republics.’ Much of this is the fault of California’s green agenda, which chokes off economic growth and has been imposed more as a theological imperative than the result of any sober, cost-benefit analysis.”

Source: Wall Street Journal Web | PDF

Spurned by voters on the CO2 tax, Washington Governor aims to kill coal via legislature by 2025

“Inslee said the largest driver behind these policies is necessity, citing a recent joint study released by Stanford University and the University of Washington that found Earth’s largest extinction came from global warming and oxygen loss 250 million years ago.”  That’s how crazy anti-coal advocates are. This legislative package will require an awful lot of lying for passage.

Source: UtilityDive.com WebPDF

BURN MORE COAL to Xcel Energy: Not so fast on exiting coal

Xcel Energy CEO Ben Fowke recently announced with great fanfare that his utility would be zeroing-out CO2 emissions by 2050. We ask Fowke whether this is really the type of announcement the CEO of a publicly-owned company should really be making.

Continue reading BURN MORE COAL to Xcel Energy: Not so fast on exiting coal