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re: The President to announce $700 million Investment in New Coal Plants and Export Terminal
Posted on 6/4/26 at 10:12 am to upgrayedd
Posted on 6/4/26 at 10:12 am to upgrayedd
quote:
Yeah, I don’t know that any of these private entities would risk getting involved unless there’s some sort of financial guarantees. It seems like a pretty high risk investment that’s subject to the whims of a political party.
The developers are all gung-ho about it but the money behind them is going to be leery because they've been recently burned. I would love to see the warehouse terms they're using to float the capital. I'll ask around i probably know some people running these deals or at least doing the appraisals and back end financing.
0
Posted on 6/4/26 at 10:13 am to bad93ex
quote:Any hope of a revival for nuclear power?
We have to ramp up power production any way that we can
This post was edited on 6/4/26 at 10:14 am
Posted on 6/4/26 at 10:15 am to Darth_Vader
quote:
Whenever a mine concludes mining operations in an area, they’re required by federal law to reclaim the land. Here is what reclaimed land looks like after reclamation is done…
To be fair, some of these mining companies, especially ones that operate legacy mine sites will keep a defunct mine “active” by staffing it with minimal people to keep it “open” so they don’t get hit with the massive costs of reclamation. I’m sure there are a lot of mines who’s parent companies have gone bankrupt and don’t have the money for reclamation.
Posted on 6/4/26 at 10:15 am to Chuck Barris
quote:
Any hope of a revival for nuclear power?
Not without indemnification from locals with pitchforks and lawyers. It's also just expensive even with the current subsidization structure. We'll see sporadic large scale development and some small scale but a nuclear power revolution is a long way away unfortunately.
Posted on 6/4/26 at 10:15 am to Chuck Barris
quote:
Any hope of a revival for nuclear power?
That’s really the only hope for current and future energy demand.
Posted on 6/4/26 at 10:16 am to Chuck Barris
quote:
Any hope of a revival for nuclear power?
I have been a proponent for nuclear power since the early 2000s, the reasoning back then was that it takes too long and is too expensive to roll out. Well, we still currently have zero plants under construction and they're not getting any cheaper.
Yet:
Top countries by number of reactors under construction:
China — 35
India — 8
Russia — 5
Türkiye — 4
Egypt — 4
South Korea — 2
Japan — 2
Ukraine — 2
United Kingdom — 2
Others (Argentina, Brazil, Canada, Iran, Pakistan, Slovakia, Hungary) — 1 each
This post was edited on 6/4/26 at 10:18 am
Posted on 6/4/26 at 10:17 am to Darth_Vader
quote:
Whenever a mine concludes mining operations in an area, they’re required by federal law to reclaim the land. Here is what reclaimed land looks like after reclamation is done…
Sure. I've lived here all of my life, I know what it looks like when it's actually happening.
The problem is it's not consistently happening here in Kentucky to keep up with what's being stripped. And now you're adding additional production to an already taxed system. Largely because politicians don't give a frick about poor people in Eastern Kentucky (and haven't for a VERY long time) and there's no real enforcement of this coal companies to do so.
A lot of the reclamation here is state level driven, grant dependent, and there's only so much money to go around.
Ohio River Valley Institute has a good article on this
This post was edited on 6/4/26 at 10:18 am
Posted on 6/4/26 at 10:20 am to BluegrassBelle
quote:
found companies will do things like claim bankruptcy to get out of the obligation.
Yes. Or they keep them "open" forever to avoid the reclamation costs.
I've worked on several of these projects.
Posted on 6/4/26 at 10:24 am to upgrayedd
quote:
To be fair, some of these mining companies, especially ones that operate legacy mine sites will keep a defunct mine “active” by staffing it with minimal people to keep it “open” so they don’t get hit with the massive costs of reclamation. I’m sure there are a lot of mines who’s parent companies have gone bankrupt and don’t have the money for reclamation.
Oh I’m well aware. The company I work for has been deeply involved with the mining companies in Alabama since it was founded in the 1950s. I know how they operate and the tricks they play.
I also know about the reclamation process after mines are shutdown for good. And while it’s not perfect, it also does exist and does happen. They don’t just “rape” the land and never reclaim it back to useable status. If it wasn’t for reclamation, a sizable portion of western Jefferson and northeast portions of Tuscaloosa, plus a huge portion of Walker counties in Alabama would be uninhabitable hellscapes.
This post was edited on 6/4/26 at 10:27 am
Posted on 6/4/26 at 10:32 am to Darth_Vader
quote:
I also know about the reclamation process after mines are shutdown for good. And while it’s not perfect, it also does exist and does happen. They don’t just “rape” the land and never reclaim it back to useable status. If it wasn’t for reclamation, the sizable portion of western Jefferson and northeast portions of Tuscaloosa, plus a huge portion of Walker counties in Alabama would be uninhabitable hellscapes.
Except they have raped the land in many cases in Kentucky and West Virginia, where the bulk of coal mining occurs. A lot of that has to do with local politicians who were long in the pockets of those coal companies but also the length of time mining here was going on before action was taken.
Commercial coal mining in Kentucky started in 1820 in Muhlenberg County and really took off not long after with the introduction of steam. SMRCA wasn't active until 1977 regulating active mining going forward with a "fee" on active mining to reclaim previous mining locations.
Posted on 6/4/26 at 11:22 am to Darth_Vader
quote:
I also know about the reclamation process after mines are shutdown for good. And while it’s not perfect, it also does exist and does happen. They don’t just “rape” the land and never reclaim it back to useable status. If it wasn’t for reclamation, a sizable portion of western Jefferson and northeast portions of Tuscaloosa, plus a huge portion of Walker counties in Alabama would be uninhabitable hellscapes.
Yeah, most active mines I’ve been to reclaim as they go so they’re not hit with those costs if they have to shut down. It’s typically the legacy sites where they have these issues.
Posted on 6/4/26 at 11:46 am to billjamin
quote:
Thats mostly from them burning fields. I've driven from Delhi to Agra through the crop fields during burning season and thats what it looks like. Of course the air quality in all the cities is equally shite which is a combination of vehicle smog, crop smoke and power plant emissions.
Add millions of two stroke scooters still on the road, burning tires, cooking fires........
India's coal plants are probably the least of their contributors.
Posted on 6/4/26 at 11:50 am to Salmon
quote:
can we please limit all the "emergency authority" abuse please?
Sir, it was only abuse when Obama or Biden did it.
Posted on 6/4/26 at 11:55 am to TheRealTigerHorn
quote:
Add millions of two stroke scooters still on the road, burning tires, cooking fires........
I rode in a rickshaw in Delhi and it was one of the most terrifying experiences of my life.
Posted on 6/4/26 at 12:02 pm to ragincajun03
quote:
distribute $75 million for a new coal export terminal in Oakland
frick all of that, why the hell is he sending money to that shite hole of a state? They'll eat that 75 million up in studies and there won't be damn thing built.
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