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Major deposits of rare earth elements reported at Ramaco’s Brook Mine in Wyoming

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In association with researchers from the Department of Energy’s National Energy Technology Laboratory (NETL) and analysts at mining consultancy Weir International, metallurgical coal producer Ramaco Resources released an independent Exploration Target report with technical assessment of rare earth elements (REE) found at its Brook Mine in Wyoming.

Wyoming 467
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Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

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8) passed by the US Senate on New Year’s Day by a vote of 89 - 8 to avoid the across-the-board increase in taxes currently called for by the “fiscal cliff” are a number for energy tax benefits. Extension of production credit for Indian coal facilities placed in service before 2009 for an 8-year period rather than a 7-year period.

Tax 274
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Cloud Peak Energy and Crow Tribe reach tentative agreement for up to 1.4B tons of in-place coal in Montana

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one of the largest US coal producers, and the Crow Tribe of Indians reached tentative agreements regarding exploration rights and exclusive options to lease and develop up to an estimated 1.4 billion tons of in-place Northern Powder River Basin coal on the Crow Indian Reservation in southeast Montana. Cloud Peak Energy Inc.,

Montana 255
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New Zealand LM Energy Applies for Underground Coal Gasification Prospecting Permit

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As part of its long term strategy to secure substantial energy resources in New Zealand L&M Energy Limited (LME) has lodged an application for an underground coal gasification (UCG) prospecting permit over a 2.112 sq km area containing in excess of 2 billion tonnes of Waikato coal measures. Click to enlarge.

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Opinion: Ukraine’s Next Crisis? Economic [and energy] Disaster

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Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. Key industry sources say they will potentially run out of coal in less than three weeks.

Ukraine 225
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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility. The researchers tested various levels of emission reduction plans—a global carbon tax of $10, $30 or $50. The various taxes would slow warming to 3.5, Everyone will have to do it, including the US. ”.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

Chicago 150