Carbon Bubble News #96

Compiled by x344543 - IWW Environmental Unionism Caucus, March 22, 2016

A supplement to Eco Unionist News:

Lead Stories:

• Stranded Assets a Response: Myth or Reality? - By Paul Spedding, Carbon Tracker, March 18, 2016
• Oil bust puts tribes, towns over a barrel - By Matthew Frank, High Country News, March 17, 2016
• China: Mass Mining Workers’ Demonstration In Heilongjiang Coal Mine Town - By Parson Young, In Defense of Marxism, March 15, 2016
• How Cheap Oil Is Accelerating Investment In Sustainable Energy - By Philip Killeen, World Watch Institute, March 14, 2016
• China’s 13th Five Year Plan offers no hope for coal markets, further suppressing CO2 emissions - By Luke Sussams, Carbon Tracker, March 13, 2016
• Oil field workers increasingly sue for unpaid wages - By Dan Boyce, Durango Herald, March 13, 2016

Other Carbon Bubble News:

• Coal exploration in Bacchus Marsh has passed the end of its shelf life - By Ellen Sandell, REnew Economy, March 21, 2016
• Coal stockpiles grow to highest level in at least 25 years - By James Osborne, FuelFix, March 21, 2016
• As Coal’s Future Grows Murkier, Banks Pull Financing - By Michael Corkery, New York Times, March 20, 2016
• Peabody Energy, World's Top Coal Miner, Expected to File for Bankruptcy as Stock Price Tanks - By Steve Horn, DeSmog Blog, March 19, 2016
• Arch Coal’s Executives Gave Themselves $8 Million… for Failing - By Clark Williams-Derry, Sightline Daily, March 18, 2016
• Canadian Pacific Railway CEO: People Need To Realize That Fossil Fuels Are “Probably Dead” - By James Ayre, Clean Technica, March 18, 2016
• CAT sales show mining slump only getting worse - By Frik Els, Mining.Com, March 18, 2016
• Coal company paid its execs $8 million in bonuses just before filing for bankruptcy - By Katie Herzog, Grist, March 18, 2016
• How Peabody Energy burned us all - By Dan Gocher, REnew Economy, March 18, 2016
• Jeff Rubin: Oil Sands Are 'Hemorrhaging Red Ink,' Doomed to Shutter - By Mychaylo Prystupa, The Tyee, March 18, 2016
• Peabody bankruptcy threat must trigger coal industry closure plan - By Staff, Lock the Gate Alliance, March 18, 2016
• U.S. Steel to idle 2 plants, cut jobs amid oil slump - By Bloomberg, FuelFix, March 18, 2016
• Caterpillar profit to miss estimates on lower energy industry spending - By Bloomberg, FuelFix, March 17, 2016
• Coal context: Playing along with election by gaffe - By Ken Ward Jr, Charleston Gazette, March 17, 2016
• The federal coal leasing program is just corporate welfare - By Ben Adler, Grist, March 17, 2016; [related]: Top 3 Biggest US Coal Mining Companies Reliant Upon Federally Funded Coal - By Joshua S Hill, Clean Technica, March 18, 2016
• Fitch: $40 billion more energy debt could default this year - By Robert Grattan, FuelFix, March 17, 2016
• Peabody Energy on Bankruptcy Watch - By Clark Williams-Derry, Sightline Daily, March 17, 2016
• Bankruptcy looms for world's largest private coal miner - By Frik Els, Mining.Com, March 16, 2016
• Barclays: German coal generation to be worthless by 2030 - By Giles Parkinson, REnew Economy, March 16, 2016
• Caring about coal miners? - By Ken Ward Jr, Charleston Gazette, March 16, 2016
• EIA: Coal keeps losing market share - By Ken Ward Jr, Charleston Gazette, March 16, 2016
• La Plata County job growth attributed to diversification - By Jessica Pace, Durango Herald, March 16, 2016
• The largest U.S. coal company may go out of business - By Chris Isidore, KOTA TV (ABC), March 16, 2016
• Peabody Energy warns it may file for bankruptcy protection - By Associated Press, FuelFix, March 16, 2016
• Peabody shares plunge; coal producer raises bankruptcy risk - By Jessica DiNapoli, Reuters, March 16, 2016
• World’s top private coal company faces bankruptcy - By Ed King, Climate Change News, March 16, 2016
• Energy XXI says it will defer two interest payments - By Robert Grattan, FuelFix, March 15, 2016
• Molycorp bankruptcy gets messy - By Andrew Topf, Mining.Com, March 15, 2016
• Murray River mine shelved, Chinese workers sent home - By Andrew Topf, Mining.Com, March 15, 2016
• Oil Bottoms Out, But is US Shale Too Wounded to Respond? - By Andy Rowell, Oil Change International, March 15, 2016
• Oil producer hedging “already rampant” after price surge - By Collin Eaton, FuelFix, March 15, 2016
• Another False Oil Price Rally: Crossing A Boundary - By Art Berman, The Petroleum Truth Report, March 14, 2016
• Cheap oil, new pipelines end rail transport boom, EIA says - By Robert Grattan, FuelFix, March 14, 2016
• Clinton and coal: Giving the industry its soundbite - By Ken Ward Jr, Charleston Gazette, March 14, 2016
• Joblessness Is Falling—But Not in States Tied to Energy - By Josh Mitchell, Wall Street Journal, March 14, 2016
• Oil Price Recovery: Please Remember 2015 - By John Richardson, ICIS, March 14, 2016
• Texas regulators record more than 400 jobs cuts across the state - By Robert Grattan, FuelFix, March 14, 2016
• As the coal market deteriorates, Wyoming contemplates its future - By Benjamin Storrow, Caspar Star Tribune, March 12, 2016
• U.S. rig count drops to all-time low of 480 - By Elliot Spagat, Salt Lake Tribune, March 11, 2016
• Inside Energy Reads: Who Is Making Money In the Oil Crash? - By Alisa Barba, Inside Energy Reads, March 9, 2016
• Poverty in the land of black gold - By Paul Aarts and Carolien Roelants, New Internationalist, March 2016

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Disclaimer: The views expressed here are not the official position of the IWW (or even the IWW’s EUC) and do not necessarily represent the views of anyone but the author’s.