India plans to tax carbon. Specifically, on Friday the world’s fourth largest polluter announced that it will tax coal to finance a national fund that will support renewable energy projects like solar and wind farms. Read More »
O, Oracle of Omaha, how could we ever have doubted that your bet on coal was a wise choice?
Now, as coal prices have surged more than 40 percent from last year’s lows, we see three reasons why Warren Buffett’s purchase of the Burlington Northern Sanata Fe railroad – which hauls 1/5 of the nation’s coal – was smart. Read More »
Kate Mackenzie at the Financial Times’s blog has an interesting take on the future of U.S. coal. Citing a report by Bernstein Research analyst Hugh Wynne, she writes that the recent proposal by the Environmental Protection Agency (EPA) to tighten sulfur dioxide emissions could actually push coal into a “secular decline.” Read More »