India

This Week in Asian Coal News: China Burns More, India Needs More

Erica Peterson — Thu, 31 Jan 2013 16:55:05 +0000

Two related stories about coal in Asia broke earlier this week: that India just doesn’t have enough coal to meet the country’s demands, and that China burns nearly as much coal as the whole rest of the world.

The news about China was released by the Energy Information Administration on Tuesday, and Brian Walsh of TIME summed it up with his headline: “The Scariest Environmental Fact in the World.”

First Shipment in Kentucky-India Coal Deal Still Delayed

Erica Peterson — Mon, 03 Dec 2012 13:25:00 +0000

That deal to export Kentucky coal to India still hasn't been scheduled.

The deal was announced in August—an agreement to send up to nine million tons of Appalachian coal to India every year for 25 years. The first shipment was supposed to leave the U.S. in September, but the company responsible for facilitating the transportation says it still hasn’t been scheduled.

First Shipment in Kentucky-India Coal Deal Delayed

Erica Peterson — Mon, 22 Oct 2012 19:55:39 +0000

The first shipment in a huge deal to export coal to India hasn’t yet left Appalachia.

More Details Emerge in Indian Coal Scandal, With Possible Problems for Kentucky Deal

Erica Peterson — Tue, 18 Sep 2012 16:54:14 +0000

The Indian media has been all over the recent scandal over the country’s coal allotments—the system where the state’s resources are divvied up among companies. And the various articles are of obvious interest to Kentucky, where a private company recently inked a $7 billion deal to send up to 9 million tons of Appalachian coal to India every year for the next twenty-five years.

Indian Newspaper Reports Huge Kentucky-India Coal Deal May Be in Jeopardy

Erica Peterson — Thu, 06 Sep 2012 11:45:00 +0000

The Hindustan Times is reporting that a government investigation in India could put the huge Kentucky-India coal deal in question. This is the $7 billion trade deal that was announced last month to much fanfare.

Does the Huge Kentucky-India Coal Deal Make Sense?

Erica Peterson — Wed, 22 Aug 2012 19:20:30 +0000

Last week, there was huge news for the coal industry. Kentucky coal producers signed a deal to export up to nine million tons of coal a year for the next 25 years, to the reported tune of $7 billion.

I’ve already covered why the deal is good news for struggling Appalachian coal producers (but not good enough news to turn the industry around), the extent of Rep. Keith Hall’s involvement, and what the increased coal exports could mean for the environment. But now I’m hearing conflicting opinions about why this deal actually happened in the first place, and whether or not it makes sense.

India Coal Deal Bad News for Climate Change

Erica Peterson — Mon, 20 Aug 2012 12:00:00 +0000

A recent deal to send millions of tons of Appalachian coal to India could bring billions of dollars to Kentucky coal producers over the next twenty-five years. But it’s not very good news for climate change.

The deal will ship up to nine million tons of Appalachian coal to India for the next 25 years. This is a lot of coal—nine million tons is actually about equivalent to the amount of coal purchased by the state of Virginia in 2010.

A Few More Details About the India Coal Deal Emerge

Erica Peterson — Fri, 17 Aug 2012 15:36:17 +0000

Financial news service SNL has a story out today with a few more details about the deal that was announced earlier this week between Kentucky coal producers and an Indian company.

Analyst: India Contract is a Big Deal, Won't Save Appalachian Coal

Erica Peterson — Thu, 16 Aug 2012 10:00:00 +0000

Nine million tons of Appalachian coal will be heading to India this year, after a new deal was announced yesterday between several Kentucky coal producers and an Indian company. This is good news for the struggling Kentucky coal industry—but it may not be enough.