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News out of China suggests a turn, lets see what happens.
http://www.sxcoal.com/news/4551829/info/en
http://www.sxcoal.com/news/4551835/info/en
http://www.sxcoal.com/news/4551833/info/en
Exactly! This is another reason why I prefer if we don't get news of a partner at this time. To me, its like selling a Corvette convertible in the winter not the summer lol. It's in best interest of shareholders to get highest value! I like the fact that they also own 28 percent of the outstanding float. It is what it is....things are changing to positive.
I have followed coal in general since Trump mentioned it in his campaign last summer. I did not get in at that point because I didnt think he would win the election. I knew if Clinton got in, it wouldnt mean a change in direction or attitude towards the coal industry, it would be the same old regulations, attitude etc that has negatively affected those in coal for 8 years under Obama. It made sense to be a shorter of coal during those years or stay out of it period.
I watched it again more closely after Trump got elected but still was hesitant because alot of politicians make promises they cant keep.
I started buying when the Press Release came out on Jan 9. Now a 2nd group was interested and visiting on Jan 17, my bet is there will be more groups coming to the table and coming in with a better offer than the first investor and may get a counter offer from the first investor because when that agreement was offered, it was in July.....a far different time for coal.
Then when Trump put his words to print in his White House Energy Plan. I knew that things could only get better for coal and when he said Clean Coal Technology, this is when I really got excited. Trump is a businessman that will be successful in getting the job done.
He cant take away all the regulations, as I said, he has to keep the environment in mind to a point, hence Clean Coal Technology is the best way to go. The technology is the best of both worlds.
I do think we are in a perfect storm situation for this company, this is why I would prefer if they wait because I think they can get way better offers in the future. I do think there is a chance the government will intervene by offering incentives and or grants to start ups such as CCTC in the future. I do think others in coal will change their business plans to incorporate clean coal tech if they want to grow their business in the USA. This is not China.
I invested here because the above and the fact they have a tested technology in an industry that has been beating up for 8 years. The technology was not highly sought after from 2008 to 2016, but lets see now.
It also excites me to see Australia now talking about cleaner coal too. Also companies are beating the street estimates on both production and revs.
Glta
CCTC management dont sign anything, sit back put your feet up!!!! Imo its just a matter of time until a 3rd investor comes to you! This is 2017 not 2008-2016! Big difference in sentiment and direction.
I am proud to tell all that today I added and am now holding over 1 million shares. Good luck to us all :)
Like I said, deregulation yes but not to zero! This could be the new wave so to speak, clean coal technology, lets see if and how it effects CCTC. I am betting it does. Lets see what happens.
Ingenious Clean Coal Plant Could Give New Life To Coal
By Michael McDonald - Jan 25, 2017, 2:36 PM CST
NRG Energy and JX Nippon Oil & Gas Exploration Corp. have successfully developed a power plant that runs entirely on clean coal. The Petra Nova power plant located in Texas was activated on January 10th and is the first of its kind in the United States to be used to power the grid. The facility reduces carbon dioxide emissions, capturing 90 percent of the gas, which is then recycled and used at oil fields to pump up to 15,000 barrels of oil per day.
Data from the Energy Information Administration shows between 2005 and 2015 there was a decrease of 192 coal-powered plants highlighting the government’s efforts to reduce climate change. There is an abundant amount of coal and it’s quite affordable explaining why it’s so widely used. However, the fact remains it can cause detrimental effects to the environment. Organizations such as Greenpeace and Sierra Club argue clean coal isn’t the answer we need to fix climate change. Clean coal power plants have been viewed as controversial and received attention throughout Trump’s presidential campaign.
To put the plant’s efficiency in perspective, there were 427 coal-powered plants in the United States in 2015 and 1,364 million metric tons of carbon dioxide emissions connected to coal powered plants. This means the average plant emitted approximately 3.19 million metric tons of carbon dioxide per year. The Petra Nova plant captures 90% of their carbon emissions which is 1.6 million metric tons meaning they emit under 180,000 metric tons of gas. The Petra Nova plant doesn’t have as large of a capacity as average coal plants but scaled to their size it would still produce less than half a million metric tons per year. Clean coal isn’t as clean as renewables but this is still a step in the right direction considering the United States depends on coal for 16 percent of its power.
Under President Trump’s policy plans we can see coal making quite the comeback over the next several years. Such an increase in demand for coal could potentially disrupt energy prices. The President is also pro-fracking and wants to lower the United States’ dependence on OPEC so crude production could also increase. With an overall increase in supply and demand for both commodities, a price hike may be in the near future. Investors should watch Trump and Congress’ activity closely for new policies affecting the market.
Since the start of the New Year, NRG’s stock has grown 23.6% to over $16 per share and JX Holdings jumped 6%. The Kemper County energy facility, run by a subsidiary of Southern Co., is also expected to go online at the end of the month. Interestingly, the plant uses a different method than the Petra Nova plant for removing carbon monoxide suggesting one of the plants may be using a more efficient procedure. Depending on each plant’s success, Southern Co. could become a direct competitor to NRG and JX. Southern may see a similar move in share price that NRG and JX experienced with the starting of their plant.
A perfect storm indeed, we maybe on the brink of something big here, lets see what happens, good luck to all.
"The economics of the global coal industry are providing a perfect storm for our technology," added CCTI COO, Mr. Aiden Neary.
To the management team, do not accept any offers please, you dont sell a Corvette in the winter, you sell it in summer when demand is high and so is price! At this point CCTC is in winter with spring in sight, hold on the landscape will get better :)
The Australian 12:00AM January 25, 2017
GRAHAM LLOYD
Environment Editor Sydney
When the power went out in South Australia in September, linking renewable energy to concerns about electricity reliability, it lit the fuse on something unthinkable only a short time before — a return of coal.
As governments grow frustrated by tight gas supplies because of new exports and moratoriums on exploration, the numbers are being done on a new generation of supercritical coal plants of the sort being built by the thousands overseas.
In what has become a pincer movement on renewables, Energy and Environment Minister Josh Frydenberg has been hammering state governments to abolish parochial renewable energy targets and lift moratoriums on conventional and unconventional gas exploration. Mining Minister Matt Canavan has followed up with calls that Australia stick with coal.
By all reasonable projections, coal will remain the backbone of Australia’s, indeed the world’s, electricity supply for decades to come. With the debate framed, Malcolm Turnbull said Australia should be a world leader in demonstrating that carbon emissions can be lowered by replacing ageing electricity generators with new technologies to produce cleaner coal.
As the world’s largest coal exporter, it would be in Australia’s economic interest to do so.
Until now, few have publicly championed the construction of new-generation coal plants of the type being built to tackle pollution in China and to bring the first reliable supplies of electricity to many parts of South Asia and Africa.
New-generation coal plants are also being built in Germany and Japan as both battle to replace generation lost from nuclear.
And the number of projects could increase if US President Donald Trump delivers on his pledge to lift restrictions on US agencies funding new coal plants in other parts of the world.
Trump has highlighted gas and clean coal as the backbone of his energy policies, designed to reduce costs for manufacturing and break the US dependence on oil supplies from the Middle East.
The new-generation, high-efficiency coal plants produce half the carbon dioxide emissions of existing ones, making them comparable with gas.
If the emissions can be captured and stored, they are 90 per cent more efficient than the plants reaching the end of their productive life around the country.
It’s fair to say former industry minister Greg Hunt raised the blood pressure of conservation and renewable energy groups when he offered aluminium company Alcoa access to low-interest renewable energy funding to build an efficient gas plant to keep its Portland smelter.
The Greens said they would rather have Victoria’s largest export business shut down.
Canavan’s call for new coal plants to be considered has sent anti-coal campaigners apoplectic.
There are deep politics at play.
And all of this is rapidly emerging as an existential threat to the renewable energy target, which underpins investment in large-scale wind and solar projects.
The federal government is betting that electricity security and prices will be more electorally attractive than the allure of renewable energy for voters.
Canavan says research commissioned by the Turnbull government estimates Australia’s emissions would be cut by up to 27 per cent if the country’s coal-based power general ran on ultra-supercritical technology.
Research carried out by the federal Department of Industry, Innovation and Science shows emissions would be reduced even further — by up to 34 per cent — if the technology in development was adopted across Australia.
Canavan says not enough emphasis has been put on the technological developments occurring in coal and gas-fired power.
Australia’s reluctance to consider the new coal technology is not shared by other parts of the world.
The latest world outlook from the International Energy Agency has tipped annual Australian coal production to rise from 408 million tonnes two years ago to 467 million tonnes in 2040.
Slowing demand for coal in Europe and the US would be offset by increased demand in Asia and the developing world.
According to the IEA, this would fuel $104 billion worth of investment in coal supply in Australia to 2040, to cater to the expanding Asian demand.
The Minerals Council of Australia says there are more than 725 high-efficiency, low-emissions plants already in operation in East Asia alone.
A further 1100 plants are under construction or in the pipeline.
The IEA Clean Coal Centre says China’s embrace of HELE technologies has already reduced its annual emissions by 450 million tonnes of CO2.
“With HELE coal technologies such as clean as gas plants, countries accounting for nearly half of global C02 emissions are deploying these technologies to meet their emissions targets under the 2015 Paris Agreement,” the IEA says.
The IEA 2016 Outlook says coal generation is the most affordable energy option in East Asia and would remain competitive in 2025.
Even in China, which has committed to building renewable energy equal to the US electricity supply, coal will continue to provide more than half of the energy needs. A new five-year plan for electricity released last week by the National Energy Administration in China says coal-fired power capacity will rise from about 900 gigawatts last year to as high as 1100 gigawatts by 2020.
China will increase non-fossil-fuel sources from about 12 per cent to 15 per cent of the country’s energy mix over the same period.
The Minerals Council says it is “simply common sense” that new coal technologies be considered as part of Australia’s efforts to meet its emissions reduction targets while maintaining affordable and secure energy supply.
“If Australia ignores the ability of new super-efficient coal generation to provide affordable, baseload energy with a sharply lower carbon footprint, then the costs of our energy transition will be higher and the reliability of our energy system will be lower,” the Minerals Council says.
Even if this were so, however, existing energy regulations would make it difficult to consider building a new baseload coal plant of any kind. This is because of the favourable treatment given to renewables in dispatching to the grid.
Wind and solar have no fuel running costs and make their money from subsidies received for electricity supplied to the grid, so they can bid into the market at effectively zero cost. Fossil fuel plants must cover running costs from money received. Coal plants work best when they are running at full capacity all the time and lose efficiency if they are expected to vary output to back up renewables.
It is for this reason that new coal plants and a bigger renewable energy target are incompatible.
This is why green groups argue any new coal-fired power station would be considered very unlikely to operate at sufficient capacity over its lifetime to justify the cost.
Such groups believe the market demand for renewable energy would likely see most new-generation coal stations operating as back-up rather than baseload.
“If you are serious about integrating climate and energy policy, you have to have a plan to transition to near or net zero emissions before 2050,” Climate Institute chief executive John Connor says.
“Building new ultra-supercritical coal (USC) now with lifetimes beyond then is in direct conflict with that. Indeed, if we replace all our power plants with USC, we would have massive, high-cost disruption for little outcome on national emissions — barely moving the dial on average emissions intensity of our electricity system.’’
The impact on Australia’s overall emissions would be even less because electricity represents only about a third of total emissions. To reach the government’s current 2030 target of 26 to 28 per cent by 2030 solely through changes to the electricity sector, electricity emissions would need to fall to close to zero.
Green groups say replacing existing coal stations with slightly cleaner coal stations might cut power emissions by 27 per cent but it prevents emissions falling any further in the future.
The trump card is that investors would consider any new coal stations far too risky.
This position is supported by Australian Industry Group national policy adviser Tennant Reed.
“New coal-fired generators are unlikely to bring prices down because they require even higher prices to be bankable; they are a poor fit to stabilise the grid because they are less flexible than gas and more expensive to operate as back-up; and their long life and limited ability to reduce emissions sits badly with Australia’s commitments to steep emissions reductions in coming decades,” Reed says.
There is another way to look at it, however. The Minerals Council says it is evident there will be changes to Australia’s energy generation over coming decades to replace ageing generation.
“But as we renovate our system we must ensure both grid stability and to keep energy costs as affordable as possible,” it says. “If we fail to do so, we will reduce living standards, de-industrialise our economy and limit opportunities for future generations.
“We do not argue that all coal plants should be replaced by another coal plant. No energy source should be guaranteed market share, but the option of HELE coal must be on the table.”
The mining industry believes coal is the most competitive option available.
Analysis by the World Coal Association indicates that replacing subcritical coal generation with supercritical coal technology saves CO2 at a cost of about $25 a tonne in southeast Asia, $15 a tonne in the rest of non-OECD Asia and just over $40 a tonne in Africa.
“It can deliver baseload power and it can deliver 50 per cent lower emissions with the promise of further substantial emissions reductions with the deployment of carbon capture and storage technologies,” the council says.
Various studies have assessed the cost of avoided emissions for the large scale renewable energy target at about $80 a tonne and the cost of small-scale solar and wind at about $250 to $640 a tonne. These numbers do not include the integration costs of increasing the renewable generation as you move towards 40 per cent of renewable generation.
Analysis by BAEconomics estimates integration costs in the range of $37 to $53 per MWh when wind penetration reached between 30 and 40 per cent. Renewable energy supporters say the cost of wind and solar will continue to fall and that advances in battery storage will make energy supplies more reliable and allow a greater penetration of renewables on the grid.
Given the decades-long horizon, it is inevitable improved technologies will provide many answers, and some surprises.
Carbon capture and storage is making headway but still requires high levels of government support to achieve the critical mass needed for widespread adoption.
The “moonshot” is that the billions of dollars being poured into research of nuclear fusion will pay off. It could bring a new age of abundant, reliable and emissions-free power. Fusion energy leaves no radioactive waste. It is safe, unlike (nuclear) fission energy.
Fusion research is taking place at two levels. The three-decade-long International Thermonuclear Experimental Reactor project has fresh impetus. Equally promising are results from a growing number of privately funded groups researching smaller scale fusion plants that, if successful, could be game-changers and dramatically speed deployment.
Australia recently joined ITER, which Australian Nuclear Science Technology Organisation chief executive Adi Paterson says is a “landmark in the history of nuclear science in Australia”.
“Fusion energy holds the promise of a large-scale and carbon-free source of energy based on the same principle that powers our sun and stars,” Paterson says.
“If achieved at a large scale, it would answer some of the world’s most pressing questions relating to sustainability, climate change and security.”
Carbon capture and storage and fusion energy are not yet proven but given the 40-year horizon for decarbonisation, they hold the promise of an alternative pathway.
If fusion power becomes a reality (potentially feasible within a decade) there will be little need for other types of power generation.
This is why plenty of people, Bill Gates included, say money is better spent now on research and development rather than inferior technologies that are proving to be unfit for purpose.
Cartman, let me ask you. If you were leading the company, what would you do differently to make it a success?
I ask you this because I respect your opinion.
Lets see. Time will tell.
If I am right, the potential could be huge, you would have to agree.
If you are right, it goes to zero.
I have placed my bet.
Let's see what happens, but you have agree we are in a different ballgame now as compared to 8 years under Obama. Trump is reversing all things that were in place to hurt the sector.
He also said Clean Coal Technology in the White House mandate. I think, in the future grants and incentives will be announced to Clean Coal tech companies.
So far, everything Trump has said is happening. Check out what is said about the environmental regulations that have costs jobs. We are in a whole different ballgame here folks! I am very excited to be here, hoping that there are better days ahead for CCTC.
Donald Trump tells Detroit auto CEOs that environmental regulations are ‘out of control’
By Steven Overly January 24 at 10:40 AM
Trump to automakers: 'We're bringing manufacturing back to the United States big league'
In a meeting with automakers Jan. 24, President Trump said that "it's the long term jobs that we're looking for." (The Washington Post)
President Trump told the chief executives of the country’s largest automobile manufacturers Tuesday that environmental regulations are “out of control” and pledged to make it easier for the companies to open assembly plants in the United States.
Trump said that a “very big push” is underway to expand all manufacturing in the United States in an effort to create more of the long-term manufacturing jobs that he promised on the campaign trail. Many of the states where Trump scored victories, including Michigan and Ohio, are home to many U.S. auto plants.
Tuesday’s meeting comes after Trump has taken to Twitter several times in recent weeks to lambaste automobile companies that manufacture cars in Mexico, where labor is cheaper and export laws are more favorable. He has threatened to penalize companies that don’t build in the United States with a hefty border tax.
Chief executives Mary Barra of General Motors, Mark Fields of Ford and Sergio Marchionne of Fiat Chrysler attended the meeting, along with other top executives from their companies.
Trump said he plans to focus on “real regulations that mean something” and eliminate those that he considers inhospitable to business. The executives declined to answer questions after the meeting, including whether the president cited any specific regulations he would cut.
“I am, to a large extent, an environmentalist, I believe in it, but it’s out of control,” Trump said.
Vice President Pence, chief strategist Steven K. Bannon, Chief of Staff Reince Priebus and senior adviser Jared Kushner also attended the meeting.
Some interesting developments from Australia....imo the landscape has changed to positive, let see if or how it affects CCTC. I am betting it does. We now have USA and Australia taken about clean coal tech, lets see if others follow.
Frydenberg says “clean coal” could help Australia meet Paris targets
By Jonathan Gifford on 24 January 2017
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Energy and Environment Minister Josh Frydenberg has insisted that the federal government has no plans to change or walk away from the Renewable Energy Target (RET), despite a strong push from the far-right rump of his Coalition, led by former prime minister Tony Abbott, with vocal support from the Murdoch media.
However, in doing so, Frydenberg also reiterated that meeting the 2020 target of 33,00GWh will not be “cost free” and that new coal-fired generation, such as ultra-super-critical power plants, may have a role in providing a stable and “more affordable” low(er) emission electricity network.
Indeed, Frydenberg appeared to suggest that “clean coal” could be an important part of meeting Australia’s Paris climate target of 26-28 per cent, saying that so-called ultra-super-critical plants could reduce emissions by 40 per cent from “business as usual.”
He said Australia would not walk away from its Paris target even if the new Trump administration withdrew its support.
But his language also indicated Australia would not look to increase its target, something that it actually signed up for when it ratified the Paris climate deal that aims to cap average global warming at “well below” 2C and as low as 1.5C.
Most independent analysis suggests that would require emission reduction cuts of at least 45 per cent, but Australia’s emissions have actually risen since it scrapped the carbon price.
Building new “clean coal” plants – with a shelf life of more than 30 years – would make it almost impossible to meet a target of net zero emissions by around 2050, which even the Coalition-friendly Climate Change Authority says should be the country’s target.
In an interview on ABC Radio National Frydenberg temporarily poured cold water on calls from within Coalition ranks that the RET should be scrapped – although that may have more to do with the realities of the Senate than the Coalition’s attachment to building more wind and solar.
While confirming the support for the current RET, he repeated claims that the government will pursue a lower-emission electricity generation portfolio while placing “a priority on affordability and security.”
In the interview, Frydenberg cited the interim Finkel report’s findings that replacing existing coal generation with new ultra-super-critical power stations that emission intensity would be reduced from 820kg/MWh today, to 700kg/MWh.
(Most black coal plants have emissions intensity of more than 1000kg/MWh while brown coal generators have emissions intensity of up to 1400kg/MWh).
However, when pressed as to whether his office has crunched the numbers as to the cost of making the switch towards ultra-super-critical coal technology he was evasive.
“All of these choices do cost, but the point is that we need to achieve more affordable power, but we also need a more stable system,” said Frydenberg. “The integration of renewables into the grid is very challenging because they don’t have the characteristics that coal and gas and hydro do have.
“So if you can get more baseload power in through cleaner coal and gas, then that can provide more stability in the system as well as more affordable prices.”
Finkel’s review also made it clear that while wind and solar do present challenges to the grid, the technologies that could smooth this transition were already available and cost effective, but Australia’s energy policies and rules were not supportive.
Frydenberg also backed Deputy Prime Minister Barnaby Joyce’s statement yesterday that Australia would not follow suit if a Trump administration pulls the U.S. out of the Paris climate change treaty.
“Of course, we want America to be at the table, they are 16% of the world’s emissions, they are the greatest economy in the world and a great friend of Australia,” said Frydenberg. “But we made a commitment in Paris, and we will stick to that commitment.”
He also noted that the new head of the US Department of Energy, former Texas Governor Rick Perry, is making energy efficiency, energy security and the promotion of “all forms of energy” a priority.
Frydenberg did not, however, touch on the massive expansion of wind generation, being followed now by solar, in Perry’s home state of Texas – where he was Governor for 15 years.
Bloomberg New Energy Finance (BNEF) figures show that new wind farms can be developed in Texas for US$22/MWh and solar projects for less than US$40/MWh.
On the basis of these project economics, and the ability to develop renewable assets far more quickly, BNEF concludes that a Trump administration will be largely unable to prevent the further expansion of solar and wind capacity in the U.S. in the coming years. It forecasts that wind and PV capacity will grow by 33 percent over the next two years, or 40GW of capacity.
BNEF calculates that Australia will require $2.5 billion in new investment into large scale renewables annually through 2020 to meet the 33,000GWh RET.
New Hope for coal mine expansion after federal breakthrough
January 23, 2017
New Hope Group has finally received federal approval for the $900 million expansion of its New Acland coal mine in Queensland, a decade after first proposing the growth project.
The mine expansion still requires several state-based approvals, including the mining lease, environmental authority and associated water licence, before New Hope can consider a final investment decision.
Once approved, New Hope plans to increase the annual production of thermal coal at New Acland to 7.5 million tonnes.
New Hope managing director Shane Stephen said the federal government’s protection and biodiversity conservation act (EPBC) approval – provided after thorough review of the expansion’s potential impacts – demonstrated that the environmental credentials of the project “stack up”.
“It’s positive news for the local community as it provides optimism for the continuity of operations at New Acland and the increased economic activity associated with the construction of the project,” Stephen said.
He added the project would create up to 260 construction jobs, ongoing employment for up to 435 people directly and 2300 indirectly, as well as a $12 billion economic benefit over the project life to 2029.
The announcement also brings “some degree of comfort” to the 300 local employees, 500 local employees and thousands of others who depend on the mine, according to Stephen.
“Our 300 direct local employees and 500 contractors have been anxiously awaiting federal and state approval of this project for many years,” Stephen said.
“Whilst we welcome the federal EPBC Act approval, timing of state approvals is absolutely critical as the current mining lease is running out of resource and a considerable amount of construction activity is required to enable access to Stage 3 coal.”
Queensland Resources Council (QRC) chief executive Ian Macfarlane said the approval was welcome relief after years of delays.
“This project has been scrutinised by both state and federal governments, and has held up under the scrutiny of experts to meet some of the highest environmental standards in the world,” Macfarlane said.
“We now call on the state government to do its part to help New Hope gain the remaining critical approvals before the current resource runs out.”
That's exactly what I am betting on the deregulation but not to zero. its dirty to Trump's USA and Australia. The deregulation has its limits outside India and China, there is no change there. But in Greenpeace countries they can't do the same. It needs to be washed to keep environment in mind. He said it in the White house mission statement....clean coal technology. I added today focusing not on the day trade but the above.
Lets see what happens
Instead of fighting head winds for 8 yrs under Obama, we now have tail winds under Trump. The change in attitude and direction is a tremendous benefit.
CCTC management your now in the drivers seat, investors will come crawling to you! You hold a tested technology in a coal market that has been decimated and nobody wanted. It made sense to short coal and coal related stocks under Obama, now the landscape has significantly changed both on the political and demand for coal fronts.
Lets see what happens :)
Donald Trump vows to unlock $66 trillion shale oil and gas revolution
The Australian12:00AM January 23, 2017
US President Donald Trump has pledged to unlock a $US50 trillion ($66 trillion) shale oil and gas revolution and boost development of low emissions coal technology for electricity.
The Energy First plan was outlined as the top priority in President Trump’s first action statement after being sworn into office.
The statement committed Trump to scrapping the Obama government’s Climate Action Plan but did not mention renewable energy or whether the US would remain in the Paris agreement.
It was a full endorsement of the future use of fossil fuels. The Trump plan mirrors debate in Australia over energy security.
The federal government wants to overturn state moratoria on gas exploration.
And Malcolm Turnbull has said Australia should be a world leader in the development and deployment of low emissions coal technology and carbon capture and storage.
Trump’s ambitions are to break US reliance on supplies of oil from the Middle East.
Over the weekend Mr Trump said boosting shale oil and gas production would increase wages by more than $30 billion over the next seven years.
Mr Trump’s White House team will begin the rollback of Barack Obama’s climate action plan by striking down a controversial climate metric called the Social Cost of Carbon.
The social cost formula was used to justify the cost of the Obama administration’s environmental regulations. But the formula has been criticised as opaque and open to manipulation.
Mr Trump is also expected to move soon on issuing the executive order to end the carbon metric, while issuing a second order to remove regulatory roadblocks for approving trans-border pipeline projects such as the Keystone XL project to connect Canada’s oil sands to US refiners in the Gulf of Mexico.
The Energy First statement said energy was an essential part of American life and a staple of the world economy.
“The Trump administration is committed to energy policies that lower costs for hardworking Americans and maximise the use of American resources, freeing us from dependence on foreign oil,” the statement said. “President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the US rule,” the statement said.
It said “sound energy policy begins with the recognition that we have vast untapped domestic energy reserves right here in America”.
Mr Trump said he was committed to “achieving energy independence from the OPEC cartel and any nations hostile to our interests.”
“At the same time, we will work with our Gulf allies to develop a positive energy relationship as part of our anti-terrorism strategy,” the energy statement said.
Mr Trump said the energy policy “must go hand-in-hand with responsible stewardship of the environment.”
From the Australian Jan 5, 2017
The federal government is backing a $100 billion investment target to expand the Australian coal industry as it blasts the “hypocrisy” of environmentalists who want to halt new mines, escalating a fight over attempts to mandate more solar and wind power.
Aiming to open up vast new deposits for export, the government is mobilising against warnings about the “end of coal” as it considers a $1bn loan for the Adani mine in central Queensland on the condition the cash will help further projects.
Resources Minister Matt Canavan told The Australian it would be hypocritical to stop coal production or exports on the grounds that developing nations should not use fossil fuels to drive their economic growth.
“We can’t deny people the same benefits that we accrue from permanent and reliable electricity — that would be immoral,” Senator Canavan said.
“For the foreseeable future, coal will remain one of the core parts of the energy supply mix to provide people with electricity.”
Senator Canavan dismissed claims from Greenpeace and the Greens that demand for coal would shrink over the decades ahead, pointing instead to growing demand from Asia to justify opening up new mines in the Galilee Basin in central Queensland.
In a test of strength over coal exports, environmental campaigners have fired a volley of legal challenges at Adani’s $16.5bn project in the hope of blocking all new mines, but the government is urging support for the Indian company and its customers.
Senator Canavan said Australians who used fossil fuels to fly around the world or used coal power to light their homes were in no position to deny the same power to Indian consumers who wanted cheap power.
“In the broader global context, it’s also mean-spirited because this is life and death for people in other parts of the world,” he said.
“They still use a lot less coal than we do.
“We can’t deny them the same resource we use to lead our relatively rich and prosperous lives.
“Given that the developing part of the population is about 80 per cent of the world and will grow as a share of the world over the next 20 or 30 years, coal use will increase.”
Despite fierce campaigns against coal projects in Australia, the latest world outlook from the International Energy Agency tips annual Australian coal production to rise from 408 million tonnes two years ago to 467 million tonnes in 2040.
Overseas coverage of the IEA report has emphasised the slowing demand for coal in Europe, the Americas and China over several decades, but it shows an expansion for Australia even when assuming a global agreement on climate change.
The IEA forecasts a $104bn investment in coal supply in Australia over the period to 2040 because of demand from Asian customers.
Senator Canavan said the forecasts countered claims about the end of coal.
“In the Asia-Pacific … coal demand has increased substantially this century and all of the major economies of the region are planning for coal to be a major part of their future development,” he said.
Even so, the IEA warns that Australian government plans to tap new deposits in the Surat and Galilee basins will depend on demand from India — the same point made by critics of the Adani project, who believe it will not be commercially viable.
“A tapering of India’s imports would make the economics of remote (Australian) projects that require infrastructure development increasingly questionable,” the IEA said in its global review.
While the IEA says 500 million people will remain without electricity at all by 2040, the Overseas Development Institute warns against using coal to provide cheap power to the developing world on the grounds that air pollution from coal causes 770,000 premature deaths a year in China and India. It also says solar power is cheaper for local communities that lack connections to transmission grids.
Bloomberg New Energy Finance reported this week that solar power prices had fallen 62 per cent since 2009 and put it on track to become cheaper than coal-fired power in some parts of the world.
The cost of solar power would fall below coal by 2030, it said.
Adani is seeking a concessional loan worth $1bn from the Northern Australia Infrastructure Facility to help fund a rail line from the Carmichael mine to a coal-loading terminal at Abbot Point, near Bowen.
Senator Canavan said no decision had been made on the request but the “only reason” the funding could be justified was to open up more mines after Adani’s project.
Cctc management please read!!!!
I think you should wait and not accept any offers from potential partners.
I say this because I think that the government will now introduce new incentives to help promote clean coal technology.
Who knows maybe those in Trump's business circle or others new tp coal could be looking at this tech investment.
With this new direction and acceptance from the white house, anything is possible!
Don't sell yourself short, wait, better opportunities ahead.
Others maybe now crawling to you where as last year, you might have been crawling to them.
Lets see what happens :)
Now that the direction and mandate of clean coal technology and coal in general has officially changed by Trump ( not just words in an election ), you think investors and companies in that sector will change their business plan now to be ahead of the curve? It also seems that demand for coal is increasing, news out of Australia recently speaks to higher production and higher prices. Usually higher production translates into lower prices as we seen in the oil sector last year. Some companies are also beating the street in the latest Q coming off bearish tones in the overall coal market in 2016. 2016 just might have been the year to buy coal stocks and or clean coal tech. Its early but 2017 just maybe the bounce year many have been waiting for.
I am betting 900,000 shares that the above will have a positive impact on CCTC.
Lets see what happens :)
Ok. What recommendations can you suggest if you were in the drivers seat? Let's move forward.
Like I said, the sentiment seems to be changing to positive for the sector. This will in turn, get more interest from current and other investors wanting to invest in our technology. I think CCTC should not accept any offers at this time but to wait. In August when the letter of intent was signed, it was a far different coal market and Trump was not a factor. Waiting is best!
Upswing for Wesfarmers coal mines
Daniel Palmer, Herald Sun
January 18, 2017 9:00am
WESFARMERS’ resources business has taken a turn for the better, aided by higher output in the past quarter and sharply improved coal prices.
In a production update yesterday, the group said its resources arm likely delivered pre-tax earnings of between $135 million and $140 million in the six months to December, comfortably outstripping expectations.
As recently as October, the retail-heavy Wesfarmers warned the resources unit would likely produce a “broadly break-even” result.
Yesterday, the group said it had taken advantage of “attractive coal pricing” partly by using a contract fleet more effectively to increase volumes.
“The better-than-expected earnings result reflects strong production in the second quarter,” the company said. “This increase in production supported higher-than-expected sales volumes aided by improved shipping timing and higher realised prices for both Curragh and Bengalla.”
The Curragh and Bengalla coal mines are in central Queensland and the Hunter Valley respectively.
The positive result represents a significant turnaround from May last year, when the group was forced to warn of writedowns totalling just shy of $1 billion at its core Curragh coal operation.
Ultimately, Wesfarmers wrote $850 million off the value of the Curragh mine at its full-year results in August, with the resources arm booking an operating loss of $310 million for the year.
I just started to accumulate, imo the foundation is set, now lets hope for some actual developments. There are alot of positives now with Trump and it seems the market sentiment on coal is changing, lets see if they can capitalize. If they do, very possible to surge past a dollar. Lets see what happens...
Yes but....here is why I have recently taken a position of 850,000 shares
1 last year, on tests alone the stock went to $1
2 Trump factor
3 2 potential investors
4 look at the short term moving average its basing at .18
5 potential for more interest from other groups as coal market turns bullish
Personally I think the future is bright and they should not accept any offers but wait I think the landscape has changed and better times ahead.
Lets see what happens
Lets see what happens after Jan 20 and how the underlying positive to the coal sector political shift will effect CCTC.
http://www.bloomberg.com/politics/articles/2017-01-18/trump-s-epa-pick-backed-500-million-coal-upgrade-over-wind-gas
When is the shareholders meeting? I read somewhere it was to be in January.
Under Obama, it seems the coal industry has hit rock bottom. I had memories of the auto industry when I read the following article, we all know what happened there. Lets see what happens when Trump is in office. Here is the article.
The first large-scale U.S. “clean coal” power plant became operational Tuesday near Houston, Texas.
This clean coal plant, dubbed Petra Nova, captures the carbon dioxide (CO2) from the coal it burns and pumps it from near Houston to an oil field where it will be used for enhanced oil recovery. Petra Nova is capable of preventing 90 percent of the CO2 emissions usually generated by burning coal for power.
Petra Nova will generate 240 megawatts of power and will be economically viable as long as the price of oil remains about $50 a barrel. The plant belongs to the energy firms NRG Energy and JX Nippon Oil & Gas Exploration Corp and will prevent an estimated 1 million tons of CO2 emissions annually.
One other clean coal plant is currently under construction in Mississippi and is expected to be operational later in January. The Mississippi plant will convert coal to synthesis gas, directly removing it from the coal and sequestering it.
The U.S. Department of Energy was heavily involved in Petra Nova’s construction, paying roughly 19 percent of its $1 billion cost. Petra Nova was far cheaper than the Mississippi project, which cost $6.91 billion, only $270 million of which was paid for by the federal government.
Clean coal power plants have the potential to bring back the declining coal industry. Clean coal technology is of particular interest to President-elect Donald Trump, who has repeatedly spoken about it.
America has 83,000 fewer coal jobs and 400 coal mines than it did when President Barack Obama was elected in 2008, demonstrating the president is following through on his pledge to “bankrupt” the coal industry.
A 2015 study found the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term. During Obama’s second term, the industry employment in coal mining has fallen by another 33,300 jobs, 10,900 of which occurred in the last year alone, according to federal data. As a result, many ex-coal miners are unemployed and Appalachian “coal country” has faced very real economic devastation as a result.
Major companies such as Peabody Energy, the world’s largest coal company, and Arch Coal were forced to declare bankruptcy in the last year. Other coal companies like Alliance Coal announced mass layoffs.
Currently, coal mining employs 69,460 Americans, according to the Bureau of Labor Statistics. Much of the blame for job loss is targeted at federal regulations aimed at preventing global warming, which caused coal power plants to go bankrupt. However, the energy market does seem to have moved away from coal towards natural gas, though the extent of this transition is unclear.
Read more: http://dailycaller.com/2017/01/10/first-us-clean-coal-power-plant-is-operational/#ixzz4VpUlzBlp
New here and to coal, does this mean anything to CCTC?
Jan 11 The U.S. Interior Department on Wednesday recommended federal coal leasing reforms to ensure taxpayers receive the fair value of the fuel and account for its impact on climate change, but the incoming administration could derail those measures.
The department's Bureau of Land Management released the findings from its first study of the federal coal program in three decades. The report comes a year after Interior Secretary Sally Jewell halted new federal coal leases while the agency conducted the review.
That freeze in new coal leases will continue.
Federal coal, primarily from Wyoming's Powder River Basin, accounts for more than 40 percent of all of that fuel mined in the United States and produces for 10 percent of U.S. greenhouse gas emissions.
"We have a responsibility to ensure the public - including state governments - get a fair return from the sale of America's coal, operate the program efficiently and in a way that meets the needs of our neighbors in coal communities, and minimize the impact coal production has on the planet that our children and grandchildren will inherit," Jewell said on Wednesday.
"The only responsible next step is to undertake further review and implement some of these commonsense measures."
With Republican President-elect Donald Trump's Jan. 20 inauguration less than two weeks away, it will be up to his appointed Interior secretary to decide whether to adopt the policy recommendations needed to modernize the leasing program and whether to lift the moratorium on coal leasing.
Trump's pick to head the Interior Department, Montana Republican Congressman Ryan Zinke, has supported legislation to lift the coal leasing moratorium on federal and tribal land.
Trump has called for an immediate reversal of the federal coal mining moratorium.
Jewell said a review of the program was decades overdue and necessary after government and watchdog reports found the Land Management Bureau was not properly accounting for the fair market value of coal and called for more transparency in the leasing process.
The report offers recommendations for increasing transparency of the leasing program, boosting protection for private surface owners and preventing wasted natural gas from mines.
It also suggests adjusting rental rates for leased coal for inflation, stronger financial and environmental requirements for coal operators bidding on federal leases, and other measures to make the lease process more efficient. (Reporting by Valerie Volcovici; Editing by Lisa Von Ahn)
Tony please tell us how you plan to pay for the lease of the plane and how that plan affects current shareholders. Its been almost 2 months why hide it if positive.
Because people are scared to buy again. BLTA did not say anything about where they are going to get the money to fund the lease, imo this silence means it will come from new shares being issued.
Its what they didnt say Mitt, they announced the lease but did not announce where are they gonna get the money to pay for this. It is my prediction that a new issue of shares will feed the lease, but most concerning now is what happens to all existing BLTA sharesholders if they cant go to them for capital infusion? Let see what happens.
Same old story continues to did disappoint
.
Hello!!! Anybody home? What are you waiting for a new 52 week low? Get the plan out! Frustrated again! They could have leveraged the $30 million market cap with a PR at .0030.
The PR should have come at .0030 it would have surged past .0050 if it was positive. I am very surprised by the judgement and decision not to PR anything. Hoping the plan is not finalized yet as a reason. Its obvious investors are thinking back to same old story thats why its down to .0010. Investor confidence has somewhat been eroded as same old story sets in. I dont understand why at .0030 you dont release a positive PR. Then again with respect I dont know the whole story. I myself remain positive and hope Connie will show us his true talent and track record. Lets see
Market is sending a message! Get up off your ass we need to see the plan! They fd it up again! Should have released a pr at .0030 business sense guys wake up!
Almost there. Then u will see my buy order size
Sure we need a guy like you for question answer period.
Looking forward to the shareholders meeting should be in December according to AK
In the past prior to the news of Connie. I enjoyed watching these BWC videos and analysis. I respect a non bias point of view with whats the current info at hand. I was out of the stock with that same info because nothing added up and made sense. Today, to me it simply does not make sense to throw $30 million in market cap down the drain but to build on that. That base and relationships with all there could be very beneficial moving forward. Just my 2 cts. I am a investor and business guy. I now own 80 million shares after the news of Connie I think we are in a different path than before. Lets see what happens.
It will be over 100 million soon lol
He would be in the know I guess. After all he is the biggest shareholder.
Another 33 million flushed out. Before the announcement average daily was 4 million x 5 days 20 million a week. Flushing out 6 months of profit takers continues. Love it higher ground everyday.
Very nice trading another up day. I was grateful to add 10 million. Buying here now at 80 million:)
Ok buying 10 million at .0027
Ok buying another 5 million
Lets see. I will take my chances. I dont think they will be selling if more upside in the future.