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ACC Announces Appointment of Emily Arthun as New CEO
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American Coal Council (ACC) has announced the appointment of Emily Arthun as ACC’s new Chief Executive Officer effective June 1, 2022. She succeeds outgoing CEO Betsy Monseu who is retiring after serving as CEO for the past nine years. Arthun’s background includes twenty years of experience in the coal and hardrock segments of the mining industry, with a variety of positions including in employee relations and talent management. Most recently, she has worked in nonprofit association management with the Women’s Mining Coalition, an advocacy organization for the mining industry.
The ACC News Release is available here.
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From the NEW American Coal Magazine
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Banks Against Fossil Fuel Financing: States Stand Up
By Riley Moore, State Treasurer of West Virginia
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America must return to energy independence. It must happen immediately, and it must involve a full embrace of all energy options, including our critical fossil fuel industries – coal, oil and natural gas.
As State Treasurer of West Virginia, I know how vital the coal industry is to securing not only our energy future, but the future of our American manufacturing base. But it’s been under attack by politicians, regulators and corporate interests who have used the guise of globalism and climate change to weaken the industry.
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Republicans Plan Legislative Assault on ‘Woke’ ESG Firms
By Nick Sobczyk, E&E News
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(June 7, 2022) – The Republican crusade against green investing and “woke” corporate policies could soon turn into a concrete legislative agenda.
Republicans, if they take back Congress in the midterms, plan to pursue legislation against environmental, social and governance, or ESG, investing, part of an effort to push corporations and the financial sector away from pro-climate rhetoric and make them re-embrace fossil fuels.
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What Others Are Saying About the Potential Reliability Crisis
By Staff, America’s Power
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(June 7, 2022) – Electric reliability means being able to keep the lights on 24/7 and the air conditioner running. However, two-thirds of the country faces the prospect of temporary blackouts this summer when electricity demand intensifies. Prematurely retiring coal-fired power plants and replacing them with less dependable wind and solar power is one of the reasons for this crisis. This is a sampling of comments about the crisis.
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Spiking Temperatures Could Cause More Blackouts This Summer. They Won’t be the Last
By Catherine Morehouse, Politico
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(May 31, 2022) – Texas, the West and Midwest are bracing for potentially dangerous and costly blackouts this summer due to extreme weather and volatile gas prices — but regulators are split on how to keep the power on now and in summers to come.
In the Midwest, early coal plant retirements and a lack of replacement power threaten to create a precarious gap between supply and demand as temperatures rise...
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Coal Prices are Way Up and Long-Term Commitments from Customers are Hard to Find
By Andy Uhler, Marketplace
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(June 2, 2022) – We got news on Thursday that Saudi Arabia is ready to start pumping more oil onto the market, which could bring oil prices down a bit. But oil and gas aren’t the only fossil fuels in tight supply.
Coal prices in central Appalachia have already climbed by almost half in 2022 — and more than doubled over the past year. Plus, a lot of miners are having to tell customers that even if they wanted to sell them coal at these high prices, they just don’t have any ready and they have to fulfill their prior commitments.
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Why Record-High Prices Won’t Drive A Recovery For U.S. Coal
By Alex Kimani, OILPRICE.com
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(May 18, 2022) – Similar to oil and gas prices, U.S. coal prices have hit multi-year highs as Russia’s war in Ukraine and an economic rebound from the pandemic have upended international energy markets and driven up demand for fossil fuels. Indeed, U.S. coal prices surged to an all-time high of $439 per metric ton in March before pulling back to $331/ton, still good for a nearly 140% increase in the year-to-date...
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INTERVIEW: India’s Insatiable Power Appetite to Keep Coal Relevant for Decades: GE Power India MD
By Anupam Chatterjee and Sambit Mohanty, S&P Global Commodity Insights
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(May 23, 2022) – The share of coal in India’s power generation will fall from 74% to about 54% by 2030, but the exponential growth in the size of the country’s power market would mean that the sector would still be consuming more coal 10 years from now than at present, Prashant Jain, managing director of GE Power India Ltd., told S&P Global Commodity Insights.
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China’s Energy Nationalism Means Coal Is Sticking Around
By Gabriel B. Collins and Andrew S. Erickson, Foreign Policy
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(June 6, 2022) – China is touting its renewable energy investments and has vowed to “accelerate the pace of coal reduction” in coming years. Yet in practice the country continues doubling down on coal on the back of blackouts, energy security fears, great-power competition, and Europe’s biggest land war in nearly 80 years. Fear and risk aversion both favor coal entrenchment, and both are in ample supply in Beijing these days.
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Germany Plans to Put Idled Coal Plants on Standby in Case of Gas Supply Disruption
By Vera Eckert and Madeline Chambers, Reuters
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(May 24, 2022) – Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday.
The proposals, drawn up by the ministry as part of precautionary measures in case of a gas shortage, would run until March 31, 2024 as Germany tries to cut its dependence on Russian fossil fuels after the invasion of Ukraine...
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A US Company is Quietly Building a Massive Coal-to-Gas Plant – in Indonesia
By Nithin Coca, Energy Monitor
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(June 7, 2022) – In January 2022, Indonesia broke ground on a $2.3bn coal gasification plant on the island of Sumatra, Indonesia, expected to be finished in 2025 or 2026. The plant is part of a $15bn planned investment by Air Products and Chemicals, a Pennsylvania-based company in the US, that is one of the largest ever overseas coal investments by a US company.
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‘New Naughton’ Plant Aims to Convert Coal to Ammonia
By Kayne Pyatt, The Kemmerer Gazette
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(June 8, 2022) – The Uinta County Commission held a special meeting at 8 a.m. on Thursday, June 2, to hear about a proposed “new Naughton project” in Kemmerer. Three presenters — former Goshen County Commissioner and current advisor to Glenrock Energy F.E. “Wally” Wolski, Kantana America President Jeremy Friesen and Glenrock Energy Managing Director of Finance Matthew Coeny — provided information on a proposed new facility to be built at the coal mine in Kemmerer. Officials said the project would bring hundreds of jobs.
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ACC Calendar – Upcoming Conference Dates
Coal Market Strategies – August 1 - 3, 2022
The Chateaux Deer Valley, Park City, Utah
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