Skip to content Skip to site navigation

Daniel M. Firger's Posts

Comments

carbon offshoring

India, China buying U.S. coal mines, shale gas fields

Foreign companies are buying up U.S. coal mines. In a statement on Nov. 12, the chairman of Coal India Ltd., a state-controlled entity and the world's largest coal producer, with a near-monopoly on Indian coal mining, confirmed that the firm was in talks with several U.S. coal companies to buy stakes in mines throughout the continental U.S. According to the Associated Press, Coal India has budgeted $1.2 billion this year alone to buy American, Australian, and Indonesian coal mines. Facing voracious energy demands and a yawning gap between domestic supplies of coal and projected needs, the company is going on …

Comments

tricks of the trade

Will Prop 26 scuttle California climate regulations?

California voters handily defeated Proposition 23 on Election Day, ensuring that state regulators can move forward on implementation of AB 32, the Global Warming Solutions Act of 2006. Just last week, the California Air Resources Board (CARB) issued a Proposed Regulation Order establishing a statewide cap-and-trade system, which is subject to final approval on Dec. 16, 2010; having cleared the Prop. 23 hurdle, that regulatory process will now continue apace, unhindered for the time being by other political roadblocks. Yet what the ballot box giveth, the ballot box may taketh away. While Prop 23 failed to garner enough Californians' support …