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New York State pension fund puts 27 coal companies under review

BOSTON (Reuters) – New York state’s top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months. The reviews by the third-largest U.S. state pension system, with... More »

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Investing green is all the rage, but benchmarks still hazy

SYDNEY (Reuters) – Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking exercise in the transition from brown to gree... More »

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India proposes tax benefits for electric vehicles to promote sales

MUMBAI/NEW DELHI (Reuters) – India proposed tax waivers on Friday on the purchase of electric vehicles and removed import taxes on some auto components to help boost sales and reduce its dependence on fossil fuels. India, the world’s third-biggest emitter of g... More »

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Ohio House committee passes bill to save nuclear power plants

(Reuters) – A committee in Ohio’s House of Representatives voted along party lines to approve a bill to save the state’s two nuclear power reactors from retirement and provide some financial support for a couple of ailing coal plants. Republicans in the House ... More »

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Australia’s conservative coalition secures parliamentary majority

SYDNEY (Reuters) – Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory, allowing Prime Minister Scott Morrison to progress his legislative agenda without the support of independents. Morris... More »

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Exclusive: Coal deal showcases lack of transparency in Ukraine

NOVOVOLYNSK, Ukraine (Reuters) – Ukrainian police are investigating two companies and a factory over a coal deal which some anti-corruption campaigners say epitomizes the difficulties of doing business in the east European country. The sums involved in the dea... More »

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Column: China’s resilient commodity imports contrast with weak…

LAUNCESTON, Australia – If the sharp plunge in China’s exports in February shows anything, it’s that a gap is opening between what the country is shipping out and its still resilient imports of major commodities. Exports dropped 20.7 percent in February from t... More »

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Russia wants to join Luxembourg in space mining

LUXEMBOURG (Reuters) – Russia, a leading producer of natural resources, plans to join Luxembourg in mining for minerals in outer space, Russian Deputy Prime Minister Tatyana Golikova said on Wednesday. Space mining has been the realm of science fiction, but a ... More »

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Democratic U.S. lawmakers seek ethics probe of top EPA officials

(Reuters) – Democratic lawmakers on Monday asked the Environmental Protection Agency’s inspector general to investigate whether two senior agency officials violated ethics rules by helping reverse an enforcement decision against their former client company. Th... More »

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Top German conservative hints at slower coal phase-out in nod to…

BERLIN (Reuters) – Germany’s phasing out of coal-fired power stations could be delayed beyond 2038 if the deadline creates problems for the security of electricity supply, a senior legislator in Chancellor Angela Merkel’s party said. The phase-out, proposed la... More »

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Delhi residents spend Christmas indoors as smog emergency reaches…

NEW DELHI (Reuters) – Many Delhi residents were forced to spend Christmas indoors this year as air quality remained at “severe to emergency” levels for a fourth day, in the Indian capital’s worst smog crisis this year. Senior officials predicted the severe pol... More »

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Under fire for ethics scandals, EPA chief Pruitt resigns

WASHINGTON (Reuters) – Environmental Protection Agency chief Scott Pruitt, who had been lauded by President Donald Trump for his aggressive efforts to roll back environmental regulations, resigned on Thursday under heavy fire for a series of ethics-related con... More »

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Tokyo fears Trump could link security with trade at summit with Abe

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe could find his oft-touted close ties with Donald Trump sorely tested at a summit this week in which Tokyo fears the U.S. leader will to try to link vital security matters with touchy trade topics. It is a fr... More »

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Artificial intelligence can make power firms more efficient:…

FRANKFURT (Reuters) – Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said. European utilities c... More »

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As cold blast hits, China’s utilities warn of heating, power cuts

FILE PHOTO: A loader is seen amid coal piles at a port in Lianyungang, Jiangsu province, China January 25, 2018. REUTERS/Stringer BEIJING (Reuters) – Four of China’s top utilities have told the government some regions will face heating and electricity shortage... More »

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Kremlin denies Russia violates sanctions on North Korea

MOSCOW (Reuters) – Kremlin spokesman Dmitry Peskov, asked about allegations that Russia is re-exporting North Korean coal, said on Friday that Russia abides by norms of international law. “Russia is a responsible member of the international community,” he told... More »

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Senate shelves disaster aid bill until next month

WASHINGTON (Reuters) – Legislation to provide $81 billion in new disaster aid for U.S. states, Puerto Rico and the U.S. Virgin Islands was put on hold by the Senate on Thursday amid attacks from both Republicans and Democrats. The Republican-controlled House o... More »

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CSX CEO Hunter Harrison takes medical leave amid rail overhaul

FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »

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India raises import tax on cellphones, move to hurt Apple

FILE PHOTO: A woman talks on her mobile phone on a pavement in Kolkata, India July 5, 2017. REUTERS/Rupak De Chowdhuri/File Photo NEW DELHI (Reuters) – India has increased the import tax on dozens of electronic products such as mobile phones and television set... More »

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China’s commodity imports roar back in November

FILE PHOTO: An employee rides a bike on a road near refinery plants of Chambroad Petrochemicals, in Boxing, Shandong Province, China, May 10, 2016. REUTERS/Meng Meng/File Photo BEIJING (Reuters) – China’s commodity imports roared back in November as supply wor... More »

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U.S. national monument review to test key land protection law

U.S. Interior Secretary Ryan Zinke will recommend on Aug. 24 whether to eliminate or shrink nearly two dozen national monuments, creating the first major test for a 111-year-old law that gives presidents the power to protect swaths of public land. More »

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Trump`s coal plan sends U.S. energy “back to the past”: Vatican

Saint Peter’s Basilica at the Vatican is silhouetted during sunset in Rome, March 11, 2013. Roman Catholic Cardinals will begin their conclave inside the Vatican’s Sistine Chapel Tuesday to elect a new pope. REUTERS/Paul Hanna U.S. President Donald Trump is se... More »

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Japan steel industry head says concerned at Trump `protectionism`

Kosei Shindo, president of Nippon Steel & Sumitomo Metal Corp, makes a speech at a ceremony to welcome newly-hired employees in Tokyo, Japan April 3, 2017. REUTERS/Kim Kyung-Hoon Japanese steelmakers are concerned at “protectionism” by U.S. President Donald Tr... More »

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Trump to set new executive orders on environment, energy this week

U.S. President Donald Trump speaks during a signing ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington, U.S., April 21, 2017. REUTERS/Aaron P. Bernstein U.S. President Donald Trump this week will sign new executive orders b... More »

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Australia evacuates cyclone-hit island resorts as water runs low

Cars sit submerged after heavy rain associated with Cyclone Debbie hit the Gold Coast suburb of Robina in Queensland, Australia, March 30, 2017. AAP/Dave Hunt/via REUTERS Australia began evacuating thousands of people stranded on resort islands in the tropical... More »

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Top U.S. coal miner Peabody eyes bankruptcy exit in April

Peabody’s St. Louis headquarters seen from the steps of the Thomas F. Eagleton U.S. Courthouse, where a hearing on the coal producer’s plan to exit its Chapter 11 bankruptcy was held in St. Louis, Missouri, U.S., March 16, 2017. REUTERS/Tracy Rucinski Peabody ... More »

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EPA chief unconvinced on CO2 link to global warming

The Senate confirmed Scott Pruitt to run the Environmental Protection Agency over the objections of Democrats and environmentalists worried he will gut the agency, as the administration readies executive orders to ease regulation on drillers and miners. REUTER... More »

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U.S. shale plots production growth despite OPEC`s warning

FILE PHOTO – Pump jacks drill for oil in the Monterey Shale, California, U.S. on April 29, 2013. REUTERS/Lucy Nicholson/File Photo U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgen... More »

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Polluted environments kill 1.7 million children a year: WHO

Children look for plastic bottles at the polluted Bagmati River in Kathmandu March 22, 2013. REUTERS/Navesh Chitrakar A quarter of all global deaths of children under five are due to unhealthy or polluted environments including dirty water and air, second-hand... More »

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Aggressive cuts to Obama-era green rules to start soon: EPA head

Scott Pruitt, administrator of the Environmental Protection Agency (EPA), speaks to employees of the Agency in Washington, U.S., February 21, 2017. REUTERS/Joshua Roberts U.S. President Donald Trump’s administration will begin rolling back Obama-era environmen... More »

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Tillerson affirms importance of constructive U.S.-China ties

FILE PHOTO: Rex Tillerson, the former chairman and chief executive officer of Exxon Mobil, testifies during a Senate Foreign Relations Committee confirmation hearing to become U.S. Secretary of State on Capitol Hill in Washington January 11, 2017. REUTERS/Kevi... More »

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World temperatures hit new high in 2016 for third year in a row

People are seen in silhouette as they cool off in water fountains in a park as hot summer temperatures hit Paris, France, August 24, 2016. REUTERS/Pascal Rossignol World temperatures hit a record high for the third year in a row in 2016, creeping closer to a c... More »

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China vows to contain corporate debt levels as inflation heats up

A vendor waits for customers at his shop in a market in Beijing, February 18, 2016. REUTERS/Jason Lee China vowed on Tuesday to contain high company debt levels and further cut excess coal and steel capacity, as Beijing attempts to maintain solid and more bala... More »

China Oct exports, imports fall more than expected

Cranes are seen above piles of steel pipes to be exported at a port in Lianyungang, Jiangsu province, China, December 1, 2015. REUTERS/China Daily/File Photo China’s exports and imports fell more than expected in October, with weak domestic and global demand a... More »

Japan ratifies Paris Agreement after the pact enters into force

Japan’s Prime Minister Shinzo Abe bows before praying at the altar during the funeral of late Prince Mikasa, uncle of the current Emperor Akihito, at the Toshimagaoka cemetery in Tokyo, Japan, November 4, 2016. REUTERS/Toru Hanai – RTX2RU0K Japan on Tuesday ra... More »

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Chinese official who hoarded cash convicted of corruption

A former senior Chinese energy official found to have more than 200 million yuan ($29.99 million) in cash at his home has been given a suspended death penalty after being found guilty of corruption, state news agency Xinhua said on Monday. More »

Banks in China`s Henan pledge more support for local economy

Banks in the central Chinese province of Henan have pledged to extend more than 450 billion yuan ($67.47 billion) in new loans to “key sectors” this year to aid their restructuring efforts, the local regulator said in a notice published on Sunday. More »

Most states on track to meet emissions targets they call burden

The John Amos coal-fired power plant is seen behind a home in Poca, West Virginia May 18, 2014. REUTERS/Robert Galbraith/File Photo The 27 states challenging Obama’s Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. ... More »

Clinton and Sanders face off in West Virginia as Trump looks on

Bernie Sanders has another chance on Tuesday to slow Hillary Clinton’s march to the Democratic presidential nomination as West Virginians vote in their state’s primary, a week after Donald Trump became the presumptive Republican nominee. Clinton, a former secr... More »

In slump, oil firms turn to labs, data centers for help

GRAND FORKS, N.D. In a basement lab of a North Dakota research center, Beth Kurz and an assistant are peering through a scanning electron microscope, studying samples from the state’s vast Bakken shale oil formation. Kurz, a hydrogeologist, is part of a team, ... More »

Oslo trash incinerator starts experiment to slow climate change

OSLO Oslo’s main waste incinerator began the world’s first experiment to capture carbon dioxide from the fumes of burning rubbish on Monday, hoping to develop technology to enlist the world’s trash in slowing global warming. The test at the Klemetsrud incinera... More »

Record hot years almost certainly caused by man-made warming

OSLO A record-breaking string of hot years since 2000 is almost certainly a sign of man-made global warming, with vanishingly small chances that it was caused by random, natural swings, a study showed on Monday. Last year was the hottest since records began in... More »

China 2015 power, steel output drop for first time in decades

BEIJING China’s output of electric power and steel fell for the first time in decades in 2015, while coal production dropped for a second year in row, illustrating how a slowing economy and shift to consumer-led growth is hurting industrial consumers. China’s ... More »

Oil steady on U.S. stockpile decline, dollar weakness

NEW YORK Oil ended up on Wednesday as a weaker dollar and lower U.S. crude stockpiles provided a modest bounce off six-year lows hit the previous session, when worries about China’s plummeting currency and economic slowdown deflated prices. Concerns that U.S. ... More »

Obama issues challenge on climate change with power plant rule

(Corrects fifth paragraph to delete reference to President Barack Obama acting by executive order) By Jeff Mason and Valerie Volcovici WASHINGTON (Reuters) – President Barack Obama challenged America and the world to step up efforts to fight global warming on ... More »

Obama to unveil tougher climate change plan

WASHINGTON President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal indust... More »

After coal, can better health save West Virginia?

WILLIAMSON, WV With coal trains chugging past in the distance, Jack Perry watches as his wife, Margie, plants row upon row of Hungarian pepper seedlings in the community garden that residents of this West Virginia coal town call the “Garden of Eatin’.”     “Th... More »