Happy Veterans Day!! Thanks to all for their service to our country.
In the news today…
- Axios reports total installed wind and solar capacity will surpass natural gas in 2023 and coal in 2024.
- S&P Global reports six Midwest utilities have said they expect to spend more than a combined $15 billion over the next several years to install or buy roughly 4 GW of solar generation, more than 3.6 GW of wind generation and just over 1 GW of electric battery storage while retiring coal capacity.
- Argus reports US power generator Talen Energy will stop using coal at its wholly owned plants as it changes the makeup of its generation fleet.
- Argus reports the US Energy Information Administration (EIA) raised its outlook for coal consumption at US power plants in 2021 as higher natural gas prices are expected to result in fuel switching.
- Argus reports US coal producer White Stallion has terminated 87 employees at its Eagle River Mine No. 1 in Illinois, effectively eliminating all positions at the mine.
- The Weirton Daily Times reports Rep. McKinley, R-W.Va., is working on a bill that would phase out carbon emissions to 20 percent by 2050.
- Argus reports US utility FirstEnergy plans to retire its two remaining coal-fired power plants by 2050 as part of its pledge today to achieve carbon neutrality in the next 30 years.
- Energy News Network reports the Prairie Island Indian Community in Minnesota is expected to name a consultant this month to help propel the tribe toward net-zero emissions.
- E&E News PM reports Sen. Lisa Murkowski (R-Alaska) reiterated that the Army Corps of Engineers has set an “appropriately high bar” for the Pebble copper and gold mine planned upstream from Alaska’s Bristol Bay.
- Mining.com reports Canada’s Search Minerals (TSXV: SMY) and USA Rare Earth announced Tuesday that they have entered into a technical collaboration framework agreement to govern initial cooperation to advance the development of the mineral resources held by each company.
- E&E News PM reports Senate Republicans endorsed the Trump administration’s push to establish a national uranium reserve as a way to bolster the sagging domestic production industry.