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Coal, Australia price chartCommodity price chart (units): U.S. dollars per metric tonRecent price changes: Coal, Australia
Related news: Coal, Australia (01/27/2012) Sinar Mas Group, an Indonesia-based conglomerate, is working on a deal to list its Indonesian coal assets on the Singapore Exchange by swapping shares with a small forestry firm that is already listed on the stock market, reports Reuters. The move would enable Sinar Mas Group to more easily raise capital for expansion. One company behind U.S.'s top three biggest greenhouse gas emitters (01/16/2012) The Atlanta-based Southern company owns the top three biggest sources of greenhouse gas emissions in the U.S. according to recent data released by the Environmental Protection Agency (EPA). Three of Southern's coal-fired plants—two in Georgia and one in Alabama—account for around 64.74 million metric tons of total greenhouse gas emissions, higher than all of Finland's carbon emission in 2008. Facebook pledges to go green...someday soon (12/15/2011) After a massive campaign by Greenpeace to get everyone's favorite social media site to quit coal energy, Facebook has announced a new energy policy and a partnership with Greenpeace. The policy includes a goal "to power all of our operations with clean and renewable energy," however does not go so far as to state it is dropping coal at this time or give a timeline as to when it may do so. Still, Greenpeace is calling the new policy by Facebook a victory. Media campaign says mercury pollution a pro-life issue (12/14/2011) While pro-life activists usually target abortion, a new campaign is working to broaden the pro-life message. A $250,000 media campaign in the U.S., including TV spots and radio ads in eight states, hopes to pressure conservative senators to protect unborn children by supporting the Environmental Protection Agency's (EPA) regulations on mercury emissions from coal-fired plants. Direct air capture of CO2 to fight global warming is too expensive to be feasible (12/09/2011) Using existing technology to 'scrub' carbon dioxide directly from the atmosphere is far costlier than capturing emissions directly from the smokestacks of coal-burning power plants, reports a paper published this week in the Proceedings of the National Academy of Sciences. Top 20 banks that finance big coal (11/30/2011) A new report from civil and environmental organizations highlights the top 20 banks that spend the most money on coal, the world's most carbon-intensive fossil fuel. Released as officials from around the world meet for the 17th UN Summit on Climate Change in Durban, South Africa, the report investigated the funding practices of 93 major private banks, finding that the top five funders of big coal are (in order): JPMorgan Chase, Citi, Bank of America, Morgan Stanley, and Barclay's. 800 nearly-extinct giant snails freeze to death in conservation center (11/14/2011) Eight hundred large carnivorous snails, known as Powelliphanta snails (Powelliphanta augusta), died in a Department of Conservation (DOC) fridge in New Zealand over the weekend. A faulty temperature gauge caused the fridge to cool down to zero degrees Celsius, slowly killing all the molluscs but a lone survivor. The snails in question were taken from Mount Augustus into captivity before their habitat was mined for coal. IEA warns: five years to slash emissions or face dangerous climate change (11/13/2011) Not known for alarmism and sometimes criticized for being too optimistic, the International Energy Agency (IEA) has warned that without bold action in the next five years the world will lock itself into high-emissions energy sources that will push climate change beyond the 2 degrees Celsius considered relatively 'safe' by many scientists and officials. Indigenous community forcibly evicted for palm oil in Indonesian Borneo (11/01/2011) A palm oil company has forcibly evicted an indigenous community from one of the last tracts of rainforest near Jempang in Indonesia's East Kalimantan province on the island of Borneo, reports Telapak, a group that advocates community forest management. New study: price carbon at the point of fossil fuel extraction (10/17/2011) Global carbon emissions are a complicated matter. Currently, officials estimate national fossil fuel-related emissions by what is burned (known as production) within a nation, but this approach underestimates the emissions contributions from countries that extract oil and oil for export. Is there a better way to account for a country's total climate change footprint? Activists worldwide push for leaving the fossil fuel age behind (09/25/2011) On six continents, in over 75 percent of the world's countries, people came out en masse yesterday to attend over 2,000 events to demonstrate the power of renewable energy to combat global climate change. As apart of the 'Moving Planet' campaign organized by 350.org, activists created a giant human-windmill in Paris, gave out bike lessons in Buenos Aires, practiced evacuation measure in the Pacific island of Tuvalu imperiled by rising sea levels, and marched in Cape Town for a strong agreement at the next UN climate meeting hosted in Durban, South Africa. Vietnam plans to build 90 coal plants (06/12/2011) Vietnam's government has announced plans to build 90 coal-fired plants over the next 15 years even while being listed as among the top 11 most vulnerable nation's to climate change in the world, according to Eco-Business. New record in global carbon emissions 'another wake-up call' (05/31/2011) Global carbon emissions hit a new high last year proving once again that international political efforts, hampered by bickering, the blame-game, and tepidity, are failing to drive down the greenhouse gas emissions that are causing the planet to heat up. According to the International Energy Agency (IEA), following a slight fall in carbon dioxide emissions due to the economic downturn, emissions again rose to a new record level in 2010: 30.6 gigatons. This is a full 5 percent higher than the past record hit in 2008. The new record puts greater doubt on the international pledge of limiting the global average temperature rise to 2 degrees Celsius. Environmental law landmark: island nation challenges faraway coal plant for climate impact (05/25/2011) The far-flung Federated States of Micronesia (FSM), located in the Pacific Ocean, has created legal history by challenging the decision to extend the life of a massive coal plant in the Czech Republic. The over 600-island nation, Micronesia, argues that greenhouse gas emissions from the Czech plant are impacting the way of life in Micronesia, many of whose islands are facing submersion under rising sea levels. Indonesia's moratorium allows mining in protected forests (05/23/2011) Indonesia's mining industry expects the just implemented moratorium on new forestry concessions in primary forests and peatlands to open up protected areas to underground coal and gold mining, reports the Jakarta Globe. Scientists follow rise of mercury pollution in seabird feathers (04/18/2011) Analyzing the feathers of the black-footed albatross (Phoebastria nigripes) going back to 1880. researchers have uncovered rising levels of the toxic methylmercury in the endangered birds that is generally consistent with rising mercury emissions in the Pacific region. Methylmercury is a more toxic compound than mercury that binds with organic molecules when it is released through industrial processes, such as burning coal and other fossil fuels. World Bank proposes to limit funding to coal plants (04/05/2011) Following years of criticism from environmentalists and some governments the World Bank has proposed new rules regarding carbon-intensive coal plants, reports the Guardian. The new rules would allow lending for coal-fired plants only to the world's poorest nations and would only lend after other alternatives, such as renewable energy, had been ruled out. Photo gallery: Borneo paradise saved from beachside coal plant (02/22/2011) Last week the Malaysian government announced it had canceled a plan to build a coal-fired plant in the state of Sabah. The coal plant would have rested on a beach overlooking the Coral Triangle, one of the ocean's most biodiverse ecosystems, and 20 kilometers from Tabin Wildlife Reserve, a rainforest park home to endangered orangutans, Sumatran rhinos, Bornean elephants, and thousands of other species. The cancellation followed a long campaign by a group of environmental and human right organizations dubbed Green SURF (Sabah Unite to Re-power the Future), which argued that the coal plant would have imperiled ecosystems, ended artisanal fishing in the area, hurt tourism, and tarnished Sabah's reputation as a clean-green state. Coal's true cost in the US: up to half a trillion (02/20/2011) According to the global market coal is cheap, yet a new study in the Annals of the New York Academy of Sciences finds that the hidden costs of coal are expensive, very expensive. Estimating the hidden costs of coal, such as health and environmental impacts, the study found that burning coal costs the US up to $523 billion a year. Dubbed 'externalities' by economists, the paper argues that these costs are paid by the American public to the tune of $1,698 per person every year. 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