coal

After President Donald Trump signed the ‘Big Beautiful Bill,’ which reduced incentives for solar and wind power projects, Cathie Wood’s Ark Invest is making a strong case for nuclear energy, arguing it could become the most cost-effective power source — even as solar has long held...

In a late-night voting session, Senate Republicans have successfully advanced a significant bill backed by President Donald Trump. The bill encompasses tax breaks, spending cuts, and an increase in deportation funds. What Happened: The Senate Republicans managed to clear a crucial procedural step...

Leading coal stocks rallied on Tuesday amidst a broader market decline after President Donald Trump signed an executive order aimed at “reinvigorating America's beautiful clean coal industry” according to a White House fact sheet. What Happened: On Tuesday, Trump signed an executive...

U.S. President Donald Trump is turning to coal as a solution to meet the nation's growing energy demands. In a statement on Truth Social, Trump declared: "I am authorizing my Administration to immediately begin producing Energy with BEAUTIFUL, CLEAN COAL," touting the effect on energy prices and...

Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) allegedly operates one of the highest-emitting coal-fired power plant fleets in the U.S., according to a Reuters investigation. Federal emissions data from 2023, analyzed by Reuters, points to significant NOx emissions from the company's plants, which...

Global coal consumption reached an all-time high in 2024, climbing to 8.77 billion metric tons as global electricity demand outpaced the expansion of renewable energy. Despite its contribution to global warming, coal remains rooted in energy systems worldwide, and short-term consumption is set to...

Anglo American (OTC:AAUKF) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out earlier this year, the company is focusing on copper, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in...

Despite a strong push for renewable energy, coal remains a key variable in meeting electricity demand. The disparity between the rapid pace of electrification and slower demand for renewable infrastructure has stalled its phaseout efforts. Last month, the International Energy Agency (IEA) revised...

The largest Chinese coal producer, CHN Energy Investment Group, has announced a $24 billion investment in a coal-to-petroleum facility in Hami, Xinjiang. The project, scheduled to begin production in 2027, aims to convert excess coal into petroleum products. The plant should produce synthetic fuels...

Australian miner Whitehaven Coal (OTC:WHITF) has announced the sale of a 30% stake in its Blackwater metallurgical coal mine, located near Emerald in Queensland. The deal, valued at $1.08 billion, involves selling a 20% stake to Nippon Steel (OTC:NISTF) and a 10% stake to JFE Steel, two leading...

Arch Resources (NYSE:ARCH) and Consol Energy (NYSE:CEIX), two of the largest coal miners in the United States, are entering a merger that will create a $5.2 billion coal mining company. "This merger will join two proven leadership teams and best-in-sector operating platforms to establish a premier...

First Trust Global Wind Energy ETF (NYSE:FAN), which follows the wind energy industry, is up 4% since January and 6.6% in the past year. The coal industry, meanwhile, has been facing setbacks from the investment community for several years. The obvious shift to clean energy sources hasn't yet been...

Glencore (OTC:GLCNF) has decided not to spin off its coal business. Following an acquisition of Teck's (NYSE:TECK) coal assets, most shareholders preferred maintaining the lucrative unit. Glencore's initial plan to divest its coal business stemmed from environmental considerations. However, 95% of...

The market for coal used to make steel is in the summer doldrums, but supply outages in Australia and the United States are providing underlying tightness that could cause prices to spike in the late summer and fall once Asian steelmakers start restocking. Mine fires in Australia and West Virginia...