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April 2015 Chuitna Letter From IEEFA

April 2015 Chuitna Letter From IEEFA  

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Export-Market Downturn Spells Trouble for Proposed Alaska Coal Mine

Developers of the proposed Chuitna mine near Alaska’s Cook Inlet are counting on being able to sell the coal for export to Asia. But their timing couldn’t be worse: the seaborne coal market has entered...

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Court Ruling Against Alaska Coal Spills Stands

The U.S. Supreme Court will not review a federal appeals court decision that said coal falling into Resurrection Bay from the Alaska Railroad’s loading system in Seward violates the federal Clean Water...

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Building a New Coal Mine in Alaska Is as Crazy as It Sounds

The U.S.—indeed the world—does not need another coal mine to supply an already oversupplied seaborne thermal coal market. That’s what our research has shown for quite some time now and it’s why we...

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Global Trends Continue to Undermine U.S. Coal-Export Schemes

The outlook for coal markets off the West Coast of the U.S. continues to weaken. This fast-developing erosion is rooted in a structural, long-term move that makes elaborate coal-export schemes more and...

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Op-Ed: Why an Alaskan Coal Project Is Unviable

Shannyn Moore for Alaska Dispatch News: Alaska’s only coal mine — owned by the Usibelli family — has seen its exports fall 57 percent in the past four years. The company just announced that it is...

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Op-Ed: Alaska’s Future Is Not in Coal

Tom Sanzillo for Alaska Dispatch News: PacRim says the coal that would come out of Chuitna would boast superior low-sulfur content, when in fact its sulfur content is no different from that found in...

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Data Bite: U.S. Coal Production Is Down Almost Everywhere, and Off by Double...

The drop in U.S. coal production reported by the Energy Information Administration for 2015 marks the biggest annual decline since 1958 and continues a trend that began a decade ago. The total amount...

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Divestiture Movement, Deepening Distress of Coal Industry, Emerging Battles...

COLUMBIA UNIVERSITY, MARCH 14-16; EXPERTS FROM EUROPE, ASIA, AUSTRALIA,  AND THE AMERICAS NEW YORK, Feb. 29, 2016 — The Institute for Energy Economics and Financial Analysis (IEEFA) today announced a...

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On the Blogs: Alaska’s Sole Coal Producer Ceases Exports

Kevin Baird for Newsminer.com: Usibelli Coal Mine’s last export of coal sailed out of Seward in July, and the Seward coal loading facility is going into cold storage mode, according to the company’s...

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Alaska Deal Retires 63,000-Acre Coal Tract

From the Associated Press: An undeveloped Alaska coal field, California’s offsets for carbon pollution and thousands of acres of forest are the unlikely players in a complex agreement that is expected...

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U.S. Coal Company Drops Longstanding Plan for Alaska Mine

Associated Press: A company that sought to develop a major coal mine 45 miles (72 kilometers) southwest of Anchorage has suspended applications for state permits. The Peninsula Clarion reports PacRim...

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IEEFA Update: Lacking Customers, PacRim Bails Out of Its Alaska Coal Project

Word out of Alaska this morning that investors have pulled out of the proposed Chuitna Coal Project near Alaska’s Cook Inlet was presaged by the fast-moving global transition in electricity generation....

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On the Blogs: Alaska Mine Cancellation Emblematic of Freefall in U.S. Coal...

Sightline Institute: Another month, another coal export project down the tubes. This time it’s the proposed Chuitna mine in Alaska, a controversial export project launched a few years ago near the peak...

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Plans for U.S. Coal-Fired Electricity Expansion Grind to a Halt

E&E News: About 16 percent of the U.S. coal fleet has retired in the past five years, but don’t expect major new coal-fired plants to fill that void. The federal government counts four new coal...

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IEEFA Update: Taxpayer Exposure to U.S. Coal Reclamation Costs Runs Deep

A report that came out last month from the nonpartisan Government Accountability Office recommends that Congress eliminate the risky system of self-bonding by coal-mining companies. But the report also...

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Alaska backs away from massive North Slope LNG project

S&P Global Market Intelligence ($): Alaska’s decision to cut back staff at the state-run company developing a massive LNG terminal and shift its focus to only permitting amounted to an...

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S&P: Announced U.S. coal-fired plant retirements to cut annual demand by more...

S&P Global Market Intelligence ($): U.S. coal producers delivered 65.5 million tons of coal, about 8.7% of the coal mined in 2018, to power plants set to retire between 2019 and 2032, according to...

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April 2015 Chuitna Letter From IEEFA

April 2015 Chuitna Letter From IEEFA  

View Article

Export-Market Downturn Spells Trouble for Proposed Alaska Coal Mine

Developers of the proposed Chuitna mine near Alaska’s Cook Inlet are counting on being able to sell the coal for export to Asia. But their timing couldn’t be worse: the seaborne coal market has entered...

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