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The Death Of Europe's Coal Industry

The Death Of Europe's Coal Industry

Authored by Nick Cunningham via OilPrice.com,

More than half of Europe’s coal plants are already bleeding cash, but by 2030, the percentage of coal plants in Europe that report negative cash flow could explode to an estimated 97 percent.

Those findings come from a new report by the Carbon Tracker Initiative, which paints a dire picture for the economics of coal after surveying 600 power plants in Europe.

Satellite Images Show North Korea Building New Tunnel At Nuclear-Test Site

Satellite Images Show North Korea Building New Tunnel At Nuclear-Test Site

Despite earlier hope amid Tillerson's comments on diplomacy with North Korea, a new batch of satellite images suggests that North Korean leader Kim Jong Un is ignoring warnings from Chinese (as well as American and South Korean) scientists and instead pressing ahead with the country’s nuclear testing regimen at Punggye-ri, a facility situated in the country’s mountainous northeast.

No, Bitcoin Won't Boil The Oceans

No, Bitcoin Won't Boil The Oceans

Authored by Elaine Ou via Bloomberg.com,

Concerns about the cryptocurrency's energy use are overblown...

While much of the world marvels at bitcoin’s meteoric rise, another part is focused on an environmental byproduct:

The sheer amount of electricity that crypto-currencies use.

 

By some estimates, bitcoin’s consumption alone exceeds -- or will exceed -- that of Ireland, Denmark, Japan or even the entire world.

Santa Barbara Evacuates As Uncontained 230,000 Acre Thomas Fire Becomes Fifth Largest In State History

Santa Barbara Evacuates As Uncontained 230,000 Acre Thomas Fire Becomes Fifth Largest In State History

Santa Barbara officials expanded evacuations Sunday as the Thomas Fire continues to rage through the Southern California county - burning over 230,000 acres to make it the fifth largest in the state since California began keeping records in 1932. Overall, approximately 8,500 firefighters are battling six wildfires across Southern California. 

California Governor Warns Of "Grim Future" As Fires Spring Back To Life

California Governor Warns Of "Grim Future" As Fires Spring Back To Life

After destroying hundreds of buildings and forcing the evacuations of more than 200,000 people, the seven discrete wildfires ravaging Southern California finally receded over the weekend as the powerful Santa Ana winds that had fanned the flames earlier in the week died down. But firefighters early Sunday warned that the battle is far from over, as the progress made in containing the flames might soon be undone when the powerful Santa Aana winds return on Sunday.

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