Latest news with #coal
Bloomberg
9 hours ago
- Business
- Bloomberg
Ireland Shuts Last Coal Plant as Europe's Phaseout Accelerates
Ireland became the latest European country to put an end to coal-fired power generation, with Spain and Italy set to follow soon. The last coal plant in the country has officially closed in County Clare, after more than 40 years in operation, state utility ESB said in a statement. Also this year, Italy will shut two major stations, and Spain's remaining ones will be decommissioned or transformed into gas plants, according to nonprofit Beyond Fossil Fuels.
CTV News
a day ago
- Business
- CTV News
SaskPower to keep coal-fired power plants running
WATCH: SaskPower has plans to keep coal-fired power plants across the province running longer, and it could set the province up for another legal dispute with the feds.
Yahoo
a day ago
- Business
- Yahoo
Kingdom Capital Advisors Decided to Sell its Investments in Warrior Met Coal (HCC)
Kingdom Capital Advisors, a private investment firm, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, Kingdom Capital Advisors (KCA Value Composite) returned -7.08% (net of fees), compared to -9.48% for the Russell 2000 TR, -4.27% for the S&P 500 TR, and -8.07% for the NASDAQ 100 TR. Investors and international leaders grappled with Trump's increasing tariffs in Q1. Markets speculated on long-term business impacts, with initial market verdicts being harsh. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Kingdom Capital Advisors highlighted stocks such as Warrior Met Coal, Inc. (NYSE:HCC). Warrior Met Coal, Inc. (NYSE:HCC) produces and exports non-thermal metallurgical coal for the steel industry. The one-month return of Warrior Met Coal, Inc. (NYSE:HCC) was -1.98%, and its shares lost 27.85% of their value over the last 52 weeks. On June 18, 2025, Warrior Met Coal, Inc. (NYSE:HCC) stock closed at $47.01 per share, with a market capitalization of $2.471 billion. Kingdom Capital Advisors stated the following regarding Warrior Met Coal, Inc. (NYSE:HCC) in its Q1 2025 investor letter: "While not an easy decision, we ultimately decided to sell Warrior Met Coal, Inc. (NYSE:HCC) during Q1 while we wait for the trade war to die down. China has already directly targeted US coal in their retaliatory tariffs, and with Warrior being 99% export exposed, we think there's a decent chance met exports get worse before they get better. The US has proposed retaliatory charges on Chinese vessels, in the latest escalation of the direct impacts. Warrior remains the lowest-cost US producer, and we think they weather the storm, and respect how well Management has protected their balance sheet through the development of their new Blue Creek mine. I hope we get a chance to buy back these assets in the future with greater confidence. I think the latest round of tariff announcements will be devastating for the coal industry (as written) and want to wait before adding exposure." An aerial shot of the Brookwood, Alabama landscape, with coal processing plants in the background. Warrior Met Coal, Inc. (NYSE:HCC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Warrior Met Coal, Inc. (NYSE:HCC) at the end of the first quarter, which was 36 in the previous quarter. While we acknowledge the potential of Warrior Met Coal, Inc. (NYSE:HCC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Warrior Met Coal, Inc. (NYSE:HCC) and shared Black Bear Value Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of HCC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
CTV News
2 days ago
- Business
- CTV News
Saskatchewan government planning to extend lifetimes of coal-fired power plants
WATCH: SaskPower is planning to keep its coal-fired power plants running longer through the use of life-extending measures.
CBC
2 days ago
- Business
- CBC
Sask. to extend life of all coal-fired power plants despite federal clean electricity regulations
Social Sharing The Saskatchewan government has informed Crown employees it will extend the life of all its coal-fired power plants, setting up a potential legal battle with the federal government over environmental regulations. Crown Investments Corporation Minister Jeremy Harrison announced the decision in a letter distributed to all SaskEnergy employees on Wednesday. It was not announced publicly. Harrison said the province will continue the use of the coal plants as it moves toward adopting nuclear power generation for its base load requirements, and remains committed to the goal of a net-zero grid by 2050. The letter also tees up a potential dispute between the province and Ottawa, with Harrison writing that the province does not believe the federal government has any standing to shut down provincial coal plants. "We have also been clear that we do not recognize the legitimacy of the federal Clean Electricity Regulations," Harrison wrote. Brett Dolter, a professor of economics at the University of Regina, described the decision as an "incredibly disappointing development." Dolter, who has researched electricity options and pathways in Saskatchewan for more than a decade, said the decision to extend the life of the province's coal-fire plants violates federal regulations meant to reduce carbon dioxide emission. "This opens up the door for protracted legal battles with the federal government and great uncertainty at a time when rapid investment in our electricity system is needed, " Dolter said in an email. The province announced earlier this year that it was mulling this decision over. At the time, it appeared to fly in the face of years of work on the coal-fired power plants. In 2012, then-prime minister Stephen Harper's federal government passed new regulations that would see the end of most coal-fired power by mid-21st century. In 2016, Justin Trudeau's government passed further regulations requiring all coal-fired power stations to be closed down after 50 years of operation, or by 2030, whichever comes first. The province has previously said it would comply with those rules. The decision announced today makes it clear that will no longer happen. Saskatchewan even provided financial support for communities as it initially pushed toward ending its use of coal-fired plants. In 2020, it announced Estevan would receive $8 million and Coronach would receive $2 million. A further $550,000 was announced for Coronach in 2023. A 'Blockbuster Video' decision: expert Work to "restore" Boundary Dam 4 to service and get it recertified is set to begin this year, Harrison wrote. He also promised to extend the lives of all coal units at Poplar River Power Station near Coronach, as well as Shand Power Station and Boundary Dam Power Station near Estevan, in the "years to come." It's not clear how much that work will cost. The province "isn't releasing cost estimates at this time." WATCH| Saskatchewan is looking to build a small modular reactor. Here's why. Saskatchewan is looking to build a small modular reactor. Here's why. 11 months ago Duration 1:56 A final decision on whether an SMR will be built in the province is not expected until 2029. If approved, construction could begin as early as 2030, with the first SMR in Saskatchewan becoming operational as soon as 2034. CBC Saskatchewan reporter Alexander Quon explains why the province is looking to set one up in the first place. Dolter said he believes the cost will be significant and that a better investment would be constructing new power plants that can operate beyond 2050 and are resilient to any future policy changes at the provincial and federal levels. "Investing in coal power plants now is like Blockbuster Video doubling down on building new VHS-rental stores in an era of Netflix and other streaming services. It is a waste of Saskatchewan ratepayers' and taxpayers' money," Dolter wrote.
