https://www.theglobeandmail.com/ The Alberta government has been ordered by a court to hand over a swath of records pertaining to its 2019 decision to quietly nix a policy governing where coal mines can be built in the province. The case stems back to 2020, when a group of Southern Alberta ranchers requested records around the United ... Read more ..read more

https://www.bnnbloomberg.ca/ BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labelled an energy “boycotter” in West Virginia. The change came to light Monday after West Virginia Treasurer Riley Moore took a victory lap in an announcement of the financial firms it was adding to its boycott ... Read more ..read more

Homepage OTTAWA — Canadian exports of thermal coal increased another seven per cent last year, reaching the highest level in almost a decade. The boom in exports of the kind of coal burned to make electricity comes as Canada leads a charge to end the use of coal as a source of power worldwide, including ... Read more ..read more

https://www.bnnbloomberg.ca/ (Bloomberg) — The collapse of a major Baltimore bridge Tuesday is likely to shut down the port’s coal exports for as many as six weeks and block the transport of up to 2.5 million tons of coal, said Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC. The US exported about 74 ... Read more ..read more

https://www.bnnbloomberg.ca/ (Bloomberg) — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — ... Read more ..read more

https://www.reuters.com/ LONDON, March 22 (Reuters) – A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the environmental benefits of keeping the fuel in-house. Echoing a demand last week by activist Tribeca Investment ... Read more ..read more

https://www.bnnbloomberg.ca/ (Bloomberg) — Australian coal producers are increasingly dabbling in high-interest private loans as lenders look to replace reluctant banks that are held back by ESG concerns. Sydney-based coal miner Whitehaven Coal Ltd.’s deal last month to secure a $1.1 billion loan for buying two mines attracted 17 private credit lenders and only one bank. ... Read more ..read more

https://www.theglobeandmail.com/ It will cost at least $6.4-billion to tackle selenium contamination from Teck Resources Ltd.’s Elk Valley coal mines, according to a new report – far exceeding a $1.9-billion security bond required by the B.C. government to cover cleanup costs. The report, commissioned by environmental group Wildsight, bases its price tag on calculations of what ... Read more ..read more

https://www.theglobeandmail.com/ For the resources industry, the trick to meeting ESG standards was pretty simple: sell your dirty fuels, especially coal. If you did, investors who cared about the health of the planet would love you, and your company’s valuation would go up. The formula seemed solid a few years ago, and a big number of ... Read more ..read more

https://www.theglobeandmail.com/ The Canadian and U.S. governments have agreed to put the issue of cross-border pollution from B.C. coal mines before the International Joint Commission, a body set up more than a century ago to resolve conflicts over shared waters. The request, made through what is known as a joint reference under the Boundary Waters Treaty ... Read more ..read more