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WSJ: U.S. Coal Sector Faces Reckoning

first_imgFull article ($): U.S. Coal Sector Faces Reckoning What isn’t sustainable are the publicly traded coal powers built atop the recent China-driven commodity boom, and the corporate structures—headquarters, salaries, pensions—they maintained. FacebookTwitterLinkedInEmailPrint分享John W. Miller for the Wall Street Journal:Peabody Energy Corp. warned Wednesday that it could go bankrupt, signaling the end of an era for listed U.S. corporate coal companies, even as their mines continue to fuel a big chunk of the country’s power stations.A chapter 11 filing by St. Louis-based Peabody, the U.S.’s largest coal miner, would be the latest in a wave of bankruptcies to hit top American coal producers, including Arch Coal Inc., Alpha Natural Resources, Inc., Patriot Coal Corp. and Walter Energy, Inc.U.S. coal miners are wrestling with high debt levels, low energy prices, new environmental regulations, the decline of steel production, and the conversion of coal-fired power plants to use natural gas made abundant by shale drilling.The industry’s troubles come amid a larger political debate over the future of coal that has flared up in the presidential contest. Most Democrats, concerned about the effects of burning fossil fuels on the environment, advocate a switch to cleaner energy sources, while Republicans decry job losses in the coal sector that they predict would come from policies cutting carbon emissions. The industry’s setbacks have been especially damaging in the coal strongholds of Wyoming and Appalachia.To be sure, this isn’t the end for coal. Just under one- third of the U.S. grid is still powered by coal, and hundreds of mines are still profitable and operating.center_img WSJ: U.S. Coal Sector Faces Reckoninglast_img read more

COVID-19: Study shows high public trust in West Java administration

first_imgThe report calls on the administration to educate and prepare its citizens to anticipate the worst-case scenario of the current health crisis.“Administrative and public preparations may be bolstered by involving more parties, such as mass organizations, NGOs, academics and public figures,” the report said.As of Tuesday, West Java was the second most affected province in the country after Jakarta with 530 confirmed cases and 52 deaths. The administration’s Pikobar data showed that the highest number of positive cases in the province was recorded in Bandung city with 67 cases.The administration is currently reviewing requests for large-scale social restrictions (PSBB) to be imposed in Greater Bandung that will be submitted to the Health Ministry following the approval of such measures in several areas of the province that border Jakarta.Topics : The analysis also showed increased public engagement and positive sentiment in regard to a number of key topics related to West Java’s response to the health emergency, such as rapid tests in the province, restriction of the Idul Fitri mudik (exodus) and pay cuts for administration officials including the governor, deputy governor and civil servants.TRUSTKepercayaan kepada pemda jabar naik melalui dibukanya peta sebaran COVID19 di Jabar, diadakannya Rapid Test, dan informasi yang lebih transparan soal sebaran kasus oleh @ridwankamil. pic.twitter.com/NFy6RPMSrM— Ismail Fahmi (@ismailfahmi) April 11, 2020Governor Ridwan Kamil’s verbal delivery also factored into the equation, as the report found a correlation between his public persona and increased public support.“Ridwan Kamil, who communicates warnings in a relaxed tone without sacrificing the substance of his core messages, serves as one of the drivers of public support for the policies issued by the West Java administration,” the report stated.Ridwan’s criticism of the central government’s bureaucratic red tape amid the pandemic has also contributed to a higher level of public affinity for his administration, the study suggested. The West Java administration’s ongoing efforts to slow the rapid spread of COVID-19 in recent weeks have largely been well received by the public, according to a recent report by big data consulting firm Drone Emprit.The study analyzed overall public sentiment toward West Java’s handling of the health emergency as reflected in more than 150,000 tweets, 2,000 Facebook posts, 6,000 Instagram posts, 1,400 YouTube posts and 34,000 online news articles published between March 9 and April 9.The report found that netizens mostly viewed the West Java provincial administration as more trustworthy than the central government in its response to the COVID-19 outbreak.last_img read more