On the Blogs: Bankrupt Coal Companies Don’t Always Stop Mining Coal

first_imgOn the Blogs: Bankrupt Coal Companies Don’t Always Stop Mining Coal FacebookTwitterLinkedInEmailPrint分享Daniel Cohan for TheHill.com:The largest pillar of the coal industry has now fallen. In filing for bankruptcy last week, Peabody Energy joined Arch Coal, Patriot Coal, Walter Energy and Alpha Natural Resources among the largest coal mining companies recently facing this fate.Coal emits more air pollutants and climate warming gases than any other fossil fuel, and its mining can devastate local ecosystems and watersheds. Curtailing the amounts of coal mined and burned would thus yield a myriad of benefits for the environment and health.However, the road to bankruptcy court doesn’t necessarily mark the path to a sustainable energy future. It is time to think afresh about how the environment and health can be considered in coal bankruptcies.Like most of its peers, Peabody chose Chapter 11 for its bankruptcy filing. Unlike a Chapter 7 liquidation, Chapter 11 allows a company to continue operating while it manages its debts and seeks to emerge as a viable corporation. Peabody’s statement said it intends to continue operating its mines uninterrupted as the bankruptcy process proceeds.Thus, while bankruptcy can crimp the finances of creditors and investors, it won’t necessarily cut coal mine output. In fact, coal companies seeking to pay off creditors may face pressure to maintain revenues from coal.The challenge of maintaining revenue has grown as coal prices have fallen. Coal from Wyoming’s Powder River Basin, widely used for its low sulfur content, has fallen to $9.35 per ton. I’d call it dirt cheap if I knew anywhere selling dirt for less than half a penny per pound.With coal so cheap, its sales likely generate far less revenue than its damage to health and the environment. Since coal is composed primarily of carbon atoms, each of which combines with two oxygen atoms to form carbon dioxide, burning coal generates about 1.87 times its own weight in carbon dioxide.In other words, Powder River Basin coal mines are receiving only about $5 per ton of carbon dioxide that their coal generates when burned. The revenue per ton of pollution would be even lower if we consider life cycle impacts such as the diesel emissions needed to mine and transport the coal and the methane released from the mine.Virtually all estimates of the social cost of carbon to climate change are many times higher than $5 per ton. That’s even before considering environmental impacts beyond climate such as damage to air quality, water and wildlife.In other words, society as a whole pays a very high price as coal mining companies seek to pay off their creditors in bankruptcy. It could even be argued that a domino effect of coal mining bankruptcies has taken hold, as the urgency of already-bankrupt companies to pay off creditors has kept coal mine output from falling sufficiently. Though coal mining is down sharply, unusually large stockpiles of coal show that mining has not fallen fast enough to offset the effects of cheap natural gas and growing deployments of renewables.Bankrupt coal companies create an additional burden if they do not cover the environmental damages they have caused. Communities near coal mines have reason to be concerned about whether adequate steps will be taken to remediate coal mines owned by bankrupt companies.All of these factors receive insufficient attention in bankruptcy proceedings, as repayment of creditors and restructuring of debts dominates deliberations. How best to give the environment and public health seats at the table in bankruptcy court requires legal expertise far beyond my training as an environmental engineer. Nevertheless, the prices and emissions calculations provided here demonstrate that the coal assets owned by these bankrupt companies may be far more valuable to society if left in the ground rather than mined to pay off creditors.Cohan is associate professor of civil and environmental engineering at Rice University.When coal companies go bankrupt, the mining doesn’t always stoplast_img read more

Ares Esport release 2018 jersey, designed by Raven

first_imgAhead of joining the upcoming third season of the Gfinity Elite Series, Ares Esport have unveiled their jersey for the 2018 season.UK based esports apparel firm Raven is the company behind the design. Raven’s partners include the likes of Team Singularity, Endpoint, Dynasty Gaming and more. The firm is one of the leading apparel focused companies in the UK, and you can check out their full range here. Rob Loveday, Marketing Director at Raven, said of the news: “This partnership couldn’t come at a better time for Raven.“We’re always happy to support esports stars reaching for the top of their game, and that begins with the clothes they wear.” Ares Esport are an organisation with an interesting set of investors and ambassadors including Bayern Munich’s James Rodriguez, Leicester City’s Riyad Mahrez and Moussa Sissoko of Tottenham Hotspur. The organisation is based in France but is set to open a new London based office ahead of the Elite Series. Ares Esport are one of three new teams hoping for some Gfinity glory this season, alongside Fnatic and Team Vitality. This new season also sees CS:GO make way for FIFA as one of the three titles all the teams will be competing in. “We are happy to partner with Raven.GG for the 2018 season,” noted Arnaud Barbezat, Head of Business Development at Ares Esport. “This move is part of our international venture and our expansion into the UK.”  Esports Insider says: We’re fans of this sleek design which’ll see Ares Esport’s players looking fresh in Fulham at the Gfinity Arena. Nice work by Raven, and best of luck to both parties with this new partnership.last_img read more

Ranieri hails Leicester’s unconquerable heart

first_imgWilliams error“Why must we be nervous?” the Italian asked reporters.“We enjoy all the season. We are doing a fantastic season. We achieve a lot. Now there are only three matches we know are very important for our history. But for this reason we give everything.“We play with our heart and it’s difficult to beat (a team) who play or fight with heart and soul.”Leicester’s fans were put through the wringer in the draw against West Ham, in which Ulloa came off the bench to score a stoppage-time equaliser, but the visit of Swansea proved a far more straightforward assignment.Swansea captain Ashley Williams gifted Leicester their 10th-minute opener by clearing the ball straight at Mahrez, who promptly swept home his 17th goal of the campaign.Ulloa scored either side of half-time — a header from a Danny Drinkwater free-kick, followed by a tap-in set up by Jeff Schlupp — before Albrighton finished off a chance created by fellow substitute Demarai Gray with five minutes remaining.Nine points clear of the relegation zone, Swansea are effectively safe, but head coach Francesco Guidolin wants his side to make mathematically sure as quickly as possible.“It’s not a good moment for us, but we can improve and we can finish the season well,” he said.“Forty points are not enough. This is my opinion. Now we have two matches at home and one match away and I hope to see my team play well and for a good result.”Tottenham head coach Mauricio Pochettino revealed that he watched Leicester’s draw against West Ham over a glass of wine with club chairman Daniel Levy.Asked how he planned to take in Spurs’ game against West Brom, Ranieri replied: “I take a glass of wine with my wife. It’s different. I think it could be better!”Share on: WhatsApp Leicester, United Kingdom | AFP |LEICESTER’s final EPL games:May 1 – vs Man UnitedMay 7 – vs EvertonMay 15 – vs Chelsea.Leicester City manager Claudio Ranieri has steeled his fairytale-chasing players for a pivotal trip to Manchester United, but believes that there is no match for his team’s “heart and soul”.Leicester, who dramatically escaped relegation from the Premier League last season, went eight points clear at the top of the table after crushing Swansea City 4-0 on Sunday and require five points from their last three games to claim the club’s first ever championship.However, Tottenham Hotspur can trim Leicester’s lead back to five points by beating West Bromwich Albion on Monday and with United buoyant after their FA Cup semi-final victory over Everton, Ranieri warned that the race was still far from run.“I’m optimistic, I’m positive. And I know it is not easy because in my mind, Tottenham will win all the matches and then we need five points,” said Ranieri, whose side host Everton in their final home game before finishing the season at outgoing champions Chelsea.“It’s not easy. Three matches, two away and one at home. And we must be very, very concentrated as well today.”Leicester were missing 22-goal top scorer Jamie Vardy through suspension against Swansea, but his deputy, Leonardo Ulloa, made sure that he was not missed by contributing a brace, sandwiched by strikes from Riyad Mahrez and Marc Albrighton.Vardy also stands to miss the trip to Old Trafford after accepting a Football Association misconduct charge over his furious reaction to being sent off in the 2-2 draw with West Ham United and Ranieri knows that Louis van Gaal’s United will be a different prospect to sleepwalking Swansea.“Once you can do a fantastic performance without Jamie, but if Jamie takes another day off with suspension, it’s important to be solid, to be stronger than today because United is a very good team,” he said.Leicester’s fans, who created a riotous atmosphere, celebrated victory with a sardonic chant of “4-0 to the one-man team!”Ranieri, who wept on the pitch following the recent 2-0 win at Sunderland, said that the emotion fuelling his side made them a formidable proposition.last_img read more

Body and Mind: How Massage Connects Both

first_imgRelax and escape to paradise during a massage at In Touch Therapy.Does it ever feel like your mind and body are in a state of disconnect? Founder and Clinic Director of Olympia’s In Touch Therapy, Kenton Stuth, says this is a common problem that many people experience. “The body speaks to the mind using two languages: pain and pleasure,” says Stuth.If you’ve just been in a bad accident, your mind and body may not be as trusting of one another as they were previously. Enter In Touch Therapy. Stuth and his experienced team of massage therapists work hard to bring the mind and body back together so that the body can start trusting the mind, and you can start feeling like yourself again.So how exactly does massage therapy repair this state of disconnect? “During massage we work on a muscle group or a specific muscle and put it in a slightly painful, yet controlled, position,” says Stuth. “Because the position is controlled, the body knows it’s safe. This then forces the brain to pause what it’s doing so that it can correspond with that muscle,” he explains.“The brain is busy with other stuff. It’s not thinking about a specific muscle or organ,” says Stuth. But, by applying controlled pain to a muscle or muscle group, the brain is forced to acknowledge the activated muscle. Stuth says that this is where the mind and body start to come back together again. “We force the brain to connect to a muscle. Once the mind acknowledges that muscle, it starts thinking of ways to make it better,” he explains.Stuth calls this the mind taking the body on a date. “The disconnect between the mind and body is like a bad relationship. The body wants to have a good relationship with the mind, so the mind has to start taking the body out on dates. After a while, the body starts to trust the mind again,” Stuth says.In Touch Therapy can help connect the mind and body through facilitating recovery, providing clients with simple exercises to try at home, and working with the client’s health care provider. “Once we get the body back into a nice balanced structure, the body will intuitively start to heal and repair itself,” says Stuth. Sometimes the mind and body just need a little nudge in the right direction.For more information about the restorative powers of massage therapy, visit In Touch Therapy’s website here, or contact In Touch Therapy’s Office Coordinator, Shannon Monahan, at 360-866-8940, to schedule an appointment. Facebook126Tweet0Pin0last_img read more