Articles Tagged "coal"

Axa Scraps Coal Investments

France’s largest insurer, Axa, has axed holdings in coal companies because of concerns about climate change. As quoted in the market news, Axa SA Chief Executive Officer Henri de Castries said he’s working to sell 500 million euros ($702 million) of coal assets and triple “green investments” to 3 billion euros by 2020. He joined investors [...]

Further Layoffs for Central Appalachian Coal Mines

McGraw Hill Financial reported that the Central Appalachian coal industry's struggles continued as Walter Energy said it may soon lay off as many as 370 coal workers in Alabama, just days after Alpha Natural Resources said it cut down its workforce in its Kentucky and West Virginia operations by 71 employees.

Indian prime minister fails to Run Coal Trains on Time

  Bloomberg reported that the Indian Prime Minister’s plan to divert India’s economy from agriculture to manufacturing is being held up by a coal shortage. As quoted in the market news, Actually, there’s plenty of coal, just not enough trains to get it to the power plants. While about 200 railway convoys arrive every day [...]