In the news today…
- The Wall Street Journal reports that, in a sign of things to come, Dominion Energy and Duke Energy pulled the plug on the Atlantic Coast Pipeline (ACP) due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the project. The pipeline was supposed to bring needed natural gas to address the lack of energy supply and delivery diversification for millions of families, businesses, schools, and national defense installations across North Carolina and Virginia. The project was driven by the regional retirement of coal-fired electric generation and widespread growing demand for residential, commercial, defense, and industrial applications of low-cost and low-emitting natural gas.
- Washington Examiner reports metals producers will need to cut their emissions in half over the next two decades to be in line with the Paris climate agreement targets.
- Mining.com reports Freeport-McMoRan announced on Monday that it exceeded several key performance targets included in its April revised operating plans.
- Bloomberg Green reports coal companies received at least $170 million in small business loans under the U.S. government’s coronavirus relief program, according to data released Monday.
- Argus reports coal producer Paringa Resources is shutting its Buck Creek mining complex in Kentucky, filings in its ongoing Chapter 11 case show.
- Argus reports the number of miners employed by coal producers in the US fell in June off a rally in coal employment the previous month.
- E&E Daily reports House appropriators emphasized public health while maintaining steady mine safety spending in a $196.5 billion draft funding bill released last night.
- Axios reports the nonprofit group Carbon180, which advocates for deployment of emerging carbon removal technologies and methods, has brought on The Coefficient Group to lobby.