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Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an industry facing a bleak future as regulators, activists and global governments seek to cut use of fossil fuels to reduce greenhouse gas emissions.
The Coal Footprint in the USA is Bigger Than Just West Virginia
Key Facts
• Coal stocks are benefitting from the upturn in the broader energy sector on expectations of increased demand amid an economic recovery, Tony Zabiegala, chief operating officer at Strategic Wealth Partners in Independence, Ohio, told Forbes.
• Zabiegala added that while coal investors may see some near-term gains this year, they’re facing a longer-term uphill battle as the momentum of investing gravitates towards “green energy” stocks and away from fossil fuels.
• Coal stocks are also benefiting from rising prices of its main rival, natural gas, Tony Scott, managing director of analytics at BTU Analytics, a Denver-based energy analysis and consulting firm, told Forbes.
• Scott noted that some power plants located in the Midwest and Northeast, areas with access to the lowest cost coal, may switch from gas to coal as it’s cheaper to use now.
• Longer term, Scott cautioned, coal generation still “remains at risk” as both federal and state policies target lower carbon emission goals.
• Ed Egilinsky, managing director and head of alternative investments at Direxion, an exchange-traded fund provider, told Forbes that most coal stocks are micro-cap and small-cap in size, a segment of the market that has performed well this year.
Crucial Quote
“I wouldn’t touch coal stocks with a 10-foot pole now [or] in the future. With worldwide government regulation getting tighter and tighter, this presents major headwinds for coal companies. Plus, with the push for alternative energy, investors are already looking to position assets towards clean energy stocks rather than fossil fuel type of energy companies,” said Zabiegala.
Key Background
Stocks in the coal sector have jumped 33.5% year-to-date through Wednesday, according to TradingView, a trading platform, far outperforming the broader S&P 500 index which has gained about 11%. Some coal stocks, including Peabody Energy, CONSOL Energy and Hallador Energy, have surged 96.7%, 65.6%, and 64.6% year to date, respectively. However, by most parameters, the U.S. coal industry is in decline, raising questions about these companies’ long-term viability. Many major countries have planned to phase out their coal industries in the coming years, including Germany, Canada, U.K. and France. The U.S. Energy Information Administration (EIA) said that coal production in the fourth quarter of 2020 plunged 18.8% compared with the same period in 2019. Coal consumption in the U.S. dropped by 6.9% over that period. U.S. coal exports plummeted 26% between 2019 and 2020, EIA noted. Various coal-powered plants in the U.S., including American Electric Power’s Rockport plant in Indiana and The Tennessee Valley Authority, plan to shutter coal plants in the next few years.
Big Number
339. That’s how many coal-powered plants have been retired – or are on their way to shutting down – in the U.S. since 2010, according to environmentalist group the Sierra Club, while 191 plants remain active.
Surprising Fact
But the global coal industry is not dead yet. The world’s two largest coal consumers – China and India– plan to increase consumption this year, according to EIA. China and India alone account for two-thirds of global coal use to feed their escalating electricity demand. Despite China’s pledge to start phasing out coal beginning in 2026 and cut greenhouse gas emissions to net zero by 2060, Beijing officials declared that coal will remain a key part of China’s energy mix. Li Gao, head of the climate change office at China’s Ministry of Ecology and Environment, recently said China will still need to construct more coal-powered plants to guarantee a stable energy supply. Nonetheless, Zabiegala says with innovations in green energy, the global consumption of coal “will decrease-but we are several decades away from turning that corner.”
Tangent
President Biden has committed to cut greenhouse gas emissions in the U.S. by 50%-52% by 2030 over 2005 levels. Researchers, including the Center for Global Sustainability at the University of Maryland, have determined that to meet Biden’s 2030 climate goals, all remaining coal plants in the U.S. must shut down by then.
What To Watch For
Pierce Crosby, general manager, at TradingView, told Forbes that although coal and non-renewable energy companies have yet to be hit by any aggressive regulatory restrictions from the Biden administration, “if we see more demand for stricter penalties around non-renewables, these companies could sink quickly.”
Source: Forbes
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Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to s ...
Sunday, 21 February 21
EDITORIAL: TIME FOR BANGLADESH TO FOCUS ON RENEWABLE ENERGY, NOT COAL - DHAKA TRIBUNE
Shifting away from coal is not only desirable, but absolutely necessary in these times.
In spite of being detrimental to environment ...
Wednesday, 17 February 21
STRANDED ASSETS A LONG-TERM RISK FOR MAJOR FOSSIL FUEL EXPORTERS - FITCH RATINGS
Fossil exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades. ...
Friday, 12 February 21
U.S: WIND SURPASSED COAL AS NO. 1 FUEL SOURCE IN 2020 FOR SOUTHWEST POWER POOL - IEEFA
Wind energy growth due to geography, design factors, and new installations
Wind surpassed coal as the primary power generation sourc ...
Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was ...
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- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
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