Articles Tagged "United States"

News of CALPERS Potentially Divesting its Coal Assets Overdone

On December 15, news outlets announced that a California state senator might propose a bill in January that would require the California Public Employees’ Retirement System to divest of its holdings in companies that produce coal. This headline-grabbing news sent coal stocks and ARLP partners down significantly. However, Peter Epstein thinks that the reaction was possibly overdone.

China to Cap Coal Use in 2020

According to details released by China's State Council on Wednesday, the country's new energy strategy will see coal consumption capped at 4.2 billion tonnes in 2020, the New York Times reported. The strategy follows last week's announcement that China and the United States had signed a deal to cut emissions.

This Coal Company is Up 92 Percent in a Tough Market

Low coal prices have put many coal producers underwater, but one company is managing to go against the tide and has even managed to clock big returns this year. Westmoreland Coal Company is up 92 percent year-to-date, and had more good news to report on Wednesday — it just extended a long-term supply agreement for thermal coal from its Kemmerer mine in Wyoming.