Let’s Face It: Coal Industry Is a Job Killer

Let’s Face It: Coal Industry Is a Job Killer

When Donald Trump announced he was rolling back the Obama administration’s signature climate rules this spring, he invited coal miners to share the limelight with him. He promised this would end the so-called “war on coal” and bring mining jobs back to coal country....

White House Declares War On Earth’s Atmosphere

Media Contacts: Basav Sen, basav@ips-dc.org, 202-997-0479 Domenica Ghanem, domenica@ips-dc.org, 202-787-5205 Today, the White House signed an executive order dismantling the Clean Power Plan and reversing the Obama administration’s moratorium on coal leases. This is...
Why We Need to Worry about Wilbur Ross

Why We Need to Worry about Wilbur Ross

Billionaire Wilbur Ross, the Donald Trump adviser who may well become our next U.S. secretary of commerce, loudly opposes NAFTA and other trade pacts that ship U.S. jobs abroad. Does that opposition make Wilbur Ross a corporate good guy? Not quite. Wilbur Ross has...
Before Bankruptcy, Peabody Execs Feasted on Climate Disaster

Before Bankruptcy, Peabody Execs Feasted on Climate Disaster

Peabody Energy filed for bankruptcy today, but its top executives will still be enjoying the millions they pocketed before the collapse of coal. While it remains to be seen whether Peabody will honor its $1.47 billion in environmental liabilities, the company has...
Will the Paris Climate Talks Deliver the World We Need? Not Likely.

Will the Paris Climate Talks Deliver the World We Need? Not Likely.

We need to leave more than 80 percent of known oil, coal, and gas reserves in the ground to avoid triggering catastrophic climate change. That means shifting away from an economy driven by digging, pumping, and burning fossil fuels to one that puts people and the...
Setting a Legal Precedent for Climate Criminals

Setting a Legal Precedent for Climate Criminals

Prosecutors accuse Don Blankenship of conspiring to violate health and safety laws and to cover up that wrongdoing. The former Massey Energy CEO was also indicted for lying to shareholders and financial regulators about his company’s safety practices after an...
How our screwed-up CEO pay system makes climate change worse

How our screwed-up CEO pay system makes climate change worse

Runaway CEO pay at the 30 largest U.S. public fossil fuel corporations rewards short-term actions, with disastrous results for the world’s climate, a new report finds. CEOs at big oil, gas, and coal corporations are rewarded for a short-term fixation on pumping up...
Pensions Powered by Climate Change

Pensions Powered by Climate Change

If I had $17 million in savings, I’d take advantage of that financial security and retire early. That’s the average total retirement assets of chief executives at the top 30 U.S. oil, natural gas, and coal companies, according to a recent report by the Institute for...
Don’t Get Burned by Coal’s Demise

Don’t Get Burned by Coal’s Demise

Stanford, Georgetown, and other universities are stripping coal stocks and bonds out of their endowments. Why? For starters, they don’t want to lose money. At least 200 U.S. coal-fired power plants have stopped operating since 2010, shrinking the total fleet by 40...
Relying on Coal for Electricity is Destroying Appalachia

Relying on Coal for Electricity is Destroying Appalachia

As a child, I remember sitting on my father’s shoulders as we surveyed a valley below. He said, “This is where your Daddy’s from,” and my response was, “Then I’m from here, too.” I wonder if that mountain from which we surveyed the valley is gone now. A year after my...
A Fossil-Fueled Fantasy

A Fossil-Fueled Fantasy

Newfangled carbon-capture power plants supposedly burn coal without poisoning the planet. They don’t. Extracting coal from the ground and disposing of its toxic byproducts makes a dirty mess no matter how it’s burned. But this “clean coal” ruse is conjuring up...
Coal’s Collateral Damage

Coal’s Collateral Damage

  Coal’s death throes are drawing closer, especially in Appalachia. Nearly three-quarters of the coal extracted from West Virginia, Virginia, and Kentucky these days is being mined at a loss. The number of coal companies declaring bankruptcy or edging toward it...
The Divestment Dividend

The Divestment Dividend

As Earth Day approached, fossil-fuel divestment actions rattled college campuses large and small. Targets ranged from Harvard University’s $36-billion endowment to the University of Mary Washington’s $46-million nest egg. That’s only natural: Students, professors, and...