Five Stories: “The Rise and Fall of a Coal Tycoon;” IMF Warns of Low Fossil Prices Hurting Clean Energy Investment

Here are five recommended reads for today (12/04/15).

  1. Bloomberg reports on the “Rise and Fall of a Coal Tycoon” — Don Blankenship, former chief executive of Massey Energy Co., who “was found guilty by a federal jury on Thursday of a single misdemeanor charge for orchestrating a conspiracy to violate mine safety rules before the April 2010 deaths of 29 miners.”
  2. According to Greentech Media: “The United States just experienced its largest quarter for energy storage deployments since the fourth quarter of 2012. According to GTM Research and the Energy Storage Association’s U.S. Energy Storage Monitor, released today, the U.S. deployed 60.3 megawatts of energy storage capacity in the third quarter of the year. This represents 53.1 megawatt-hours.”
  3. The Guardian reports: “The International Monetary Fund has issued a warning before a meeting of the Opec oil cartel that permanently low fossil fuel [prices] are choking off investment in renewable sources of energy and hindering the fight against climate change…an assesment of the energy market from the IMF, co-authored by its chief economist Maurice Obstfeld, said a global carbon price was needed to reflect the true cost of burning fossil fuels and to provide resources for investment in green technologies.”
  4. According to InsideClimate News, “ExxonMobil Corp. will probably miss a Dec. 4 deadline for turning over to New York state prosecutors almost four decades of documents on climate change, according to people familiar with the attorney general’s investigation of the fossil fuel giant.”
  5. Grist  has a map of fossil fuel subsidies in the G20, which is comprised of ” 19 major economies and the E.U.” and accounts for “roughly three-quarters of global emissions.”
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