The Adaro Blog
BNP Paribas fund arm to exclude some coal and mining companies
March 14, 2019, 7:25 pm
(Reuters) - BNP Paribas Asset Management, the investment management arm of the French bank, is to stop investing in companies that obtain more than 10 percent of their revenue from thermal coal.
The exclusion of such companies producing thermal coal and generating electricity from coal was...
When Paying $1 for Coal Power Plant Is Still Paying Too Much
March 12, 2019, 6:56 pm
One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much.
Acme Equities LLC, a New York-based holding company, is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut...
Asia Minute: More Coal Fired Electricity for Australia?
March 8, 2019, 7:22 pm
One of the largest suppliers of electricity for the island of O‘ahu is a coal-fired power plant. While Hawai‘i is committed to reduce its use of fossil fuels in coming years, it’s a different story for another location in the Asia Pacific.
There’s a proposal to build a...
Now is the time for new coal plants, resources minister says
March 7, 2019, 7:15 pm
The resources minister, Matt Canavan, has declared “now” is the right time to build new coal-fired power, as the prime minister insisted his pre-election priorities were securing passage of budget bills and helping north Queensland recover from the recent floods.
The comments from...
Spanish Feb thermal coal usage at 2.2 TWh, down 35% on month
March 4, 2019, 7:28 pm
Barcelona — Spanish coal consumption dropped 35% in February, continuing a decline that saw an 18% drop for the full year 2018, according to data published Saturday by Spanish grid operator Red Electrica de Espana (REE).
Output from Spanish coal-fired plants was 2.2 TWh in the month and...
Thailand's PTT to up gas investment as country looks beyond coal
March 1, 2019, 6:30 pm
BANGKOK -- State-owned energy group PTT will spend billions of dollars over the next decade to increase Thailand's natural gas supply, supporting the government's efforts to diversify the country's coal-heavy energy mix.
Plans for the five years through 2023 call for 167 billion baht...
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