smokestack

Environment
7:45 am
Thu September 6, 2012

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

Harry Schaefer U.S. National Archives and Records Administration

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.

Read more
Environment
3:20 pm
Wed August 22, 2012

Does the Huge Kentucky-India Coal Deal Make Sense?

Coal on a barge in the Kanawha River in 1973.
Harry Schaefer U.S. National Archives and Records Administration

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.

Read more
Environment
2:00 pm
Thu August 16, 2012

Lawmaker’s Potential Gain From Kentucky-India Coal Deal Raises Concern

The involvement of a state representative in a major coal deal in Kentucky is raising some eyebrows. Under the terms of a new $7 billion contract, Kentucky coal producers will ship nine million tons of coal a year to India for the next twenty-five years. Representative Keith Hall was instrumental in brokering the deal—and he represents both the people of Kentucky and his own private coal interests.

Hall's district covers part of coal-rich Pike County. He’s the chair of a special energy subcommittee, and the vice chair on the House Natural Resources and Environment Committee.

He also owns several coal-related businesses in the area—including mines—and sits on the board of FJS Energy. FJS is the New Jersey-based company that signed the deal with India.

“I’m not just a friend of coal,” Hall said. “I’m coal’s best friend.”

Read more
Environment
6:00 am
Thu August 16, 2012

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

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.

Read more

Pages