Tag: 上海夜网LU

Mission bankruptcy underscores coal’s long-term decline

first_img FacebookTwitterLinkedInEmailPrint分享CBS News:A Tennessee coal mining company that filed for bankruptcy this week is the second coal company to go bankrupt during Donald Trump’s pro-coal presidency. It’s also the fifth U.S. coal industry bankruptcy in the last three years as competitors in the energy market continue to drive coal into the dust pile.Mission Coal, an operator of three mines in West Virginia and one in Alabama, filed for Chapter 11 bankruptcy protection on Sunday listing about $175 million in debt and just $55,000 cash on hand, according to court filings. This small company joins Colorado-based Westmoreland Coal, one of the country’s oldest coal companies, which filed for bankruptcy earlier this month, and Peabody Energy, Arch Coal and Alpha Natural Resources, which all have ended up in bankruptcy courts since 2015.Competition from other energy sources—super-cheap natural gas in particular—has been the main culprit. Obama-era “clean coal” regulations scuttled earlier this year by the Trump administration has played just a small role in the industry’s collapse, experts say.“Coal plants have been losing market share just on competitiveness alone, to natural gas, for quite some time–even before the EPA regulations came down that accelerated the shutdown of even more plants,” Greg Reed, director of the Center for Energy and the GRID Institute at the University of Pittsburgh, told CBS MoneyWatch recently.The total stock market value of the country’s four largest coal producers has plunged to $6.3 billion today from $33 billion in 2011. About 62,000 coal miners have lost their jobs during that time. Further job losses will come: More than a quarter of the U.S.’ current fleet of coal plants is projected to shut down over the next 12 years, according to one analysis.More: Mission Coal files for bankruptcy—5th coal company in 3 years Mission bankruptcy underscores coal’s long-term declinelast_img read more

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Cardboard beds to be used in  Athletes’ Village at Tokyo 2020

first_img The cardboard beds are expected to be recycled following the Games. According to Kyodo News, rooms in the Athletes’ Village will include bedclothes, closets and tables, while fridges and televisions can be rented. Read Also:Bach: No protests at Tokyo Olympics Laundry services will be free of charge, while a dining hall will be open for 24 hours during the Games. The Athletes’ Village will be renovated and sold as apartments and tower blocks following the Olympic and Paralympic Games. FacebookTwitterWhatsAppEmail分享 The Athletes’ Village is based in the Harumi waterfront district of Tokyo. The Village consists of residential buildings, which will have 18,000 beds during the Olympic Games, reduced to 8,000 beds during the  Paralympic Games. Organisers have now revealed the bed frames will be made of “sturdy recycled cardboard”. It is claimed this is part of efforts to ensure the Olympic and Paralympic Games are environmentally friendly and sustainable.Advertisement Promoted ContentWho Is The Most Powerful Woman On Earth?What Happens To Your Brain When You Play Too Much Video Games?Insane 3D Spraying Skills Turn In Incredible Street ArtA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayBest & Worst Celebrity Endorsed Games Ever MadeEver Thought Of Sleeping Next To Celebs? This Guy Will Show You9 Facts You Should Know Before Getting A TattooIt Might Be Quentin Tarantino’s Last Movie7 Black Hole Facts That Will Change Your View Of The Universe7 Mesmerizing Facts About Hypnosis7 Thailand’s Most Exquisite Architectural WondersBirds Enjoy Living In A Gallery Space Created For Them Loading… Athletes are set to sleep on beds made of recycled cardboard at the Tokyo 2020 Olympic Games after organisers revealed further details  about the Athletes’ Village.last_img read more

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