Tag: Coal

BusinessEnergyTechnology

Global Energy Shift: Renewables Growth Overshadowed by Fossil Fuel Resurgence

The global energy transition faces unexpected headwinds as fossil fuels experience a surprising resurgence. According to energy expert Daniel Yergin, multiple factors have reshaped the energy landscape, with natural gas and coal booming despite climate commitments.

Energy Transition Loses Momentum as Fossil Fuels Surge

The global push toward clean energy has encountered significant obstacles, with fossil fuels experiencing unexpected growth despite climate commitments, according to analysis from leading energy expert Daniel Yergin. Sources indicate that while renewable energy continues to expand, the simultaneous boom in natural gas and coal represents a complex shift in global energy dynamics that few anticipated just a few years ago.

by Samuel Kim
EnergyScienceTechnology

Advanced TRISO Fuel Technology Poised to Revolutionize Nuclear Safety and Economics

New TRISO fuel technology could enable inherently safe nuclear reactors that eliminate meltdown risks. As demand for carbon-free power surges, Standard Nuclear emerges as a key player in developing domestic fuel manufacturing capabilities to reduce geopolitical dependencies.

Nuclear Safety Paradigm Shift

Recent analyses highlight a striking paradox in public perception of energy sources. Studies suggest that nearly half a million people died in the U.S. alone from complications related to pollution from coal-fired electrical plants between 1999 and 2020, yet nuclear power accidents over 74 years have claimed far fewer lives, reportedly numbering in the hundreds to thousands globally. Despite this disparity, public fear has historically favored coal over nuclear energy, though recent polling indicates shifting attitudes as carbon-free power demand grows.

by Priya Kapoor
BusinessEconomy

After-Hours Stock Movers: CSX Rises on Earnings Beat, Interactive Brokers and Oracle Fall Despite Results

CSX Corporation saw shares climb 2% after hours following better-than-expected quarterly earnings. Meanwhile, Interactive Brokers Group declined despite beating estimates, and Oracle fell after providing its long-term outlook. Obesity drug manufacturers Novo Nordisk and Eli Lilly also moved lower.

Railroad Operator CSX Rises on Earnings Beat

Shares of CSX Corporation jumped approximately 2% in after-hours trading Thursday after the railroad company reported quarterly results that reportedly exceeded analyst expectations. According to the analysis by LSEG, CSX posted adjusted earnings of 44 cents per share on revenue of $3.59 billion for its third quarter, slightly beating expectations of 42 cents per share on $3.58 billion in revenue. The report states that despite this performance, declining coal prices and merchandise volume contributed to slightly lower revenue during the period. CSX Transportation operates one of the largest railroad networks in the eastern United States.

by Samuel Kim
LegalPolicy

Federal Judge Dismisses Youth Climate Lawsuit Against Trump’s Energy Executive Orders

A federal judge has dismissed a lawsuit by young climate activists seeking to block President Trump’s pro-fossil fuel executive orders. While acknowledging climate change evidence, the court ruled it lacked authority to grant the requested injunction against the administration’s energy policies.

Federal Judge Dismisses Youth Climate Challenge to Trump Energy Policies

A federal judge has dismissed a lawsuit brought by young climate activists seeking to block several of President Trump’s pro-fossil fuel executive orders, according to court documents filed Wednesday. US District Judge Dana Christensen ruled that while plaintiffs presented compelling climate evidence, the court lacked authority to grant the sweeping injunction requested against the administration’s energy policies.

by Priya Kapoor
EnergyPolicy

US Energy Policy Shift to Boost Fossil Fuels, Hike Emissions 3 Billion Tons by 2050: Report

The Trump administration’s reversal of clean energy incentives and support for fossil fuels is projected to increase North America’s power emissions by 3 billion metric tons through 2050. Coal generation is now expected to be 46% higher than previous estimates, while wind power faces a 24% decline.

Major Policy Shift Drives Emissions Increase

The abrupt cuts to U.S. federal clean energy incentives alongside fresh support for fossil fuel power will trigger a significant increase in North America’s emissions in the coming decades, according to reports from consultancy DNV. Analysis suggests that North America’s power emissions from 2025 to 2050 will be 3 billion metric tons more than was projected in 2022, when the previous U.S. administration had implemented aggressive clean power goals.

by Priya Kapoor