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40% of USA Coal plants retire


 
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#1 eds

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Posted 17 July 2015 - 10:15 AM

The 200th U.S. coal plant retirement announcement since 2010.
. . . This is a huge deal, because in 2010 there were 535 coal plants in the country,
. . . so this is almost 40% of the fleet that is going away,
. . . (and while it's not always the biggest power plants that are retired,
. . . it's usually the oldest and dirtiest ones).

07-17-2015 Source:  40% of USA Coal plants retire

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#2 Shortpoet-GTD

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Posted 18 July 2015 - 04:01 AM

I want the post to read coal-100% retired.
Climate change, black lung for the miners, coal ash ponds ruining streams & rivers, mountain top removal-
coal is horrible stuff.

#3 eds

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Posted 30 July 2015 - 06:23 AM

€2.5 billion Coal Plant, is now worth 23 euros.

In mid-July, German media reported that 23 municipal utilities,
. . . wanted to sell their stakes in Hamm D and E,
. . . which have a collective capacity of 1.6 gigawatts.
RWE made them a surprising offer: €1 per municipal for their entire holdings,
. . . initially worth €2.5 billion.

Because invisible utilities cross-subsidize other public services,
. . . from profits in the power sector,
. . . (such as public transportation and swimming pools)
. . . these losses could mean higher prices for buses, trams, etc.

07-30-2015 Source:  New German coal plant, worthless

#4 eds

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Posted 31 July 2015 - 10:09 AM

Follow the Money . . . 2nd quarter earnings:
. . . Cloud Peak Energy, $53 million loss,
. . . Arch Coal, $168 million loss,
. . . Peabody Energy, $1 billion loss.

A few million here,
. . . a billion there,
. . . when the taxpayers end up having to pay to clean up the mess,
. . . it adds up to real money.

07-31-2015 Source:  Wyoming Coal Losses

#5 eds

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Posted 31 July 2015 - 10:34 AM

Oil profits are down over 50%.

Oil and gas prices have plummeted from over,
. . . $100 a barrel last summer to under
. . . $50 now.

It's a lot harder to make money,
. . . when you can only sell your product,
. . . for 1/2 of what it used to be worth.
. . . . . . Chevron, 90% drop in earnings,
. . . . . . Exxon Mobil, 50% drop in profits.

Iran has the 4th largest oil and gas reserves in the world, and
. . . is eager to sell some of that again to other nations.

07-31-2015 Source:  Follow the Money: Oil

#6 still learning

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Posted 19 November 2015 - 10:01 AM

Looks like UK is going to try to shot down all coalfired powerplants by 2025.  Details of how in the spring.
See  https://www.gov.uk/g...tations-by-2025

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