Bass Oil identifies two primary reservoirs at Bunian-5 well in Indonesia

first_imgBunian-5 well has intersected the two primary reservoirs at the same or slightly higher levels than at Bunian 3 ST2 Image: Bass Oil intends to complete Bunian-5 well as oil producer. Photo: courtesy of Dani Simmonds/Freeimages.com. Australia’s Bass Oil has announced plans to complete Bunian-5 well as oil producer after identifying two primary reservoirs following drilling, in the Bunian Field onshore Indonesia.The field is located within the Bass Oil-operated Tangai-Sukananti KSO (production sharing contract) in the South Sumatran Basin, Indonesia.Bass Oil owns a 55% stake in KSO while private Indonesian company Mega Adhyaksa Pratama Sukananti owns the remaining stake.Drilled to a total depth of at 1,662m, the Bunian-5 well has intersected the two primary reservoirs, the TRM3 and K sandstones, at the same or slightly higher levels than at Bunian 3 ST2, which is claimed to be the most prolific well in the field.Bass Oil said that the two zones have exhibited oil shows comparable to Bunian 3 ST2 and significance of the well is planned to be evaluated further based on the results of the wireline logging and sampling.The rig, which has run and cemented the 7″ production casing, is now preparing to complete the well for production for production from the TRM3 and K1 reservoirs.Bunian-5 well could double overall production from the Bunian fieldBass expects the Bunian-5 well to has the potential to double overall production from the Bunian field, which contains oil at 3 reservoir levels.The firm said in a statement: “Bunian-5 targetted the primary TRM3SS and secondary GRM and K reservoir levels, which produced or tested oil at Bunian-1 (TRM3SS), Bunian-3ST2 (TRM3SS and K) and Bunian-4 (TRM3SS and GRM) wells.”In total, the Bunian field is estimated to have remaining recoverable reserves of 2.09 million barrels of oil while Bunian-5 is expected to produce 750 barrels of oil per day.The company added: “In addition to the existing fields, Bass has defined two exploration prospects being Sukananti Updip and Bunian West. Both prospects target oil potential at multiple reservoir levels which contain the oil in the existing Bunian and Tangai Fields within the KSO.”Last year, Bass Oil signed an agreement to acquire a 100% participating interest in the North Madura Production Sharing Contract (PSC) area in coastal shallow waters north of the eastern quarters of the Indonesian island of Java.The acquisition is expected to expand Bass’ Indonesian energy footprint, including oil production from onshore wells in southern Sumatra.last_img read more

BP and Ithaca begin production from Vorlich field in North Sea

first_imgThe Central North Sea field is expected to see peak production of 20,000 barrels oil equivalent gross per day The Vorlich field is tied bac,k to the FPF-1 floating production facility. (Credit: bp p.l.c.) BP and its partner Ithaca Energy have started production from the Vorlich field in the Central North Sea, which has been developed with an investment of £230m.The partners are targeting to draw 30 million barrels of oil equivalent from the offshore UK field.Vorlich is a two-well development, located nearly 240km east of Aberdeen, Scotland. It has been tied back to the FPF-1 floating production facility operated by Ithaca Energy.The field is expected to have peak production of 20,000 barrels oil equivalent gross per day.It was discovered in 2014 and in September 2018, BP got the approval from UK Oil and Gas Authority (OGA) to move ahead with the field development as a subsea tieback.BP North Sea senior vice president said: “In just two short years, bp and our partner, Ithaca Energy, have pulled out all the stops to rapidly bring Vorlich online against a highly challenged backdrop.”Ithaca Energy was responsible for the installation for the subsea infrastructure and also for modifying the FPF-1 facility to prepare it for receiving and processing the hydrocarbons produced by the Vorlich field.BP’s role in the project has been to operate the field during the development phase, which includes drilling the wells and installation of the wellheads.The operatorship of the offshore UK field will be assumed by Ithaca Energy for the production phase.The field was earlier targeted to begin production in September but was delayed due to the Covid-19 outbreak.BP Central North Sea tiebacks project manager Stuart Johnstone said: “It goes without saying that all the decisions taken in response to COVID were absolutely necessary to protect the health and wellbeing of our colleagues on the project.“But, with industry in lockdown and an ever-decreasing summer work window, it was hard to remain upbeat around the chances of bringing Vorlich online this year. Despite this, we dug deep, pulling out all the stops to turn things around.”Vorlich follows BP’s start-up of the Alligin field in late 2019. Like the Vorlich field, Alligin is a subsea tieback in the North Sea with a two-well development.For BP, the Vorlich field marks its third major upstream project to begin production in 2020 after the Qattameya gas field offshore Egypt and the onshore Ghazeer gas field, which were both achieved in October.last_img read more

Oxford chaplains urge Church to reconsider gay marriage stan

first_imgThree Oxford University chaplains have signed an open letter in protest against recent guidance from the Church of England that banned all clergy from officiating same sex marriages.The letter was written by Durham University’s Reverend Dr Hannah Cleugh and signed by 45 other clergymen under the age of 40. It argues that this guidance will widen the disconnect between the Church of England’s official position and the views of its members, and reinforce an image of the Church as a “toxic brand”.The Pastoral Guidance note, which banned same-sex marriages in the clergy, was published by the House of Bishops, one of the three houses of the General Synod, which is the decision-making body of the Church of England. The note stated, “It would not be appropriate conduct for someone in holy orders to enter into a same sex marriage, given the need for clergy to model the Church’s teaching in their lives.”Alongside heated pastoral debate, two Oxford academics have written a letter to The Telegraph, objecting to the premise stated in the note that “There will, for the first time, be a divergence between the… definition of marriage in England as enshrined in law and the doctrine of marriage held by the Church of England.”Hannah Cleugh, Chaplain of University College, Durham, told Cherwell, “Obviously, it’s not true that only liberal churches grow – conservative churches and traditional, Catholic churches can be very popular with young people in Oxford. What makes a difference is the teaching and preaching and how welcoming the church community is. The Pastoral Guidance note is clearly a restatement of the Church of England’s existing position. However, following a recent report commissioned by the church, it has committed itself to a process of conversations across the Anglican Communion. The timing of this announcement is therefore unfortunate, and seems to be preempting some of these conversations.”Andrew Allen, Chaplain at Exeter College, is among the clergy who signed the open letter protesting the new guidance. He pointed out the role of the Church in life at secular institutions like Oxford where chaplains are often students’ first port of call for welfare. “The Church should remember that secular colleges choose to employ Chaplains and it seems that the Church has lost its lead on issues of morality and ethics,” he stated. “The point of Jesus Christ is that God comes to earth to meet people where they are in their lives; whilst some students may struggle with their own sexuality, many do not see this as an issue that the church should be concerned with.“At Exeter we have a thriving Chapel community, not all who ‘sign up’, but who value what the gospel has to offer and the Church’s guidance on sexuality seems to run contrary to their experiences of religion and faith. Historically the University has often been at odds with the Church, and it is my hope that we will continue to challenge some of the views of the Church.”Daniel Inman, Chaplain at Queen’s, said, “Although the Church is still in the early stages of rethinking its approach to gay couples, the new Church guidance was a document that gave us the sort of legalese that Jesus regularly mocked during his ministry at a time when we desperately needed to find ways of communicating that love and commitment are actually rather good things. I hope that changes soon, as the very peculiar limits that are currently set upon who can be blessed in our college chapels will surely become deeply problematic for Christian life here in the long term.“If we’re willing to bless a Royal Navy battleship, why not a same-sex couple who are promising to cherish each other and be faithful to each other for as long as they both shall live?”Anna Appleby, a Christian from St. Hilda’s identifies as LGBTQ+ and founded the Oxford students’ group ‘Faith and Diversity’, which focuses on issues such as the relationship between Christianity and sexuality. She said, “I believe God calls diverse people to the priesthood and therefore it is not up to the House of Bishops to assume who God might or might not call, or to deprive the Church community of LGBTQ+ people’s gifts and experience.”However, one first year historian said, “For me, this is an issue of logical consistency. The Church of England isn’t legally allowed to conduct same-sex marriages. If its clergy can have same-sex marriages but not conduct them, it’s one rule for them and another for the laity.”last_img read more

Controversial code

first_imgT he Competition Commission’s (CC’s) two-year-long investigation into the grocery market inched towards a final conclusion last week, with the publication of its long-awaited final remedies statement. On the surface, bakery suppliers should be happier with the recommendations than high street bakers, who face the daunting prospect of even more supermarkets springing up around them.The document outlined some of the changes that are now up for consultation and are likely to be recommended in the CC’s final report, due in May. Chief among these was the idea of an ombudsman who would supervise the relationship between supermarkets and their suppliers, and would have powers to fine retailers for practices such as aggressive price cutting and ’pay to stay’ fees for keeping products on shelves.In addition, the current planning ’needs test’, which limits the number of supermarkets built in a particular area based on population numbers, would be scrapped, as would planning guidance designed to limit the building of edge- and out-of-town supermarkets. Instead, a ’competition test’ could be brought in, based on how many outlets a retailer already has in a particular area. This would potentially stop the domination of areas by one retailer, but would give the green light to rivals to build more supermarkets.In theory, a grocery ombudsman could offer some form of redress to those bakery suppliers that feel they are being unfairly treated by the supermarkets. The new code would prohibit retrospective changes to agreed terms of supply and also “require retailers to make further improvements to their dealings with suppliers through the appointment of an in-house code compliance officer, keeping better records of contracts with suppliers and automatic notification to suppliers of contractual terms and their right to complain and seek arbitration of disputes,” states the report.But Dave Brooks, CEO of cake company Finsbury Food, has little faith in the proposal. “It’s a complete irrelevance and waste of time,” he said. “First of all, who is going to pay for an ombudsman? If funds are raised from the retailers, they are likely to pass the costs on to us anyway and then there’s the question of how independent the ombudsman would actually be.”Brooks, who has participated in several consultation meetings with the CC in recent months, also believed the proposal would not improve on the current Supermarkets Code of Practice. “If a supplier is too afraid to use the code or speak directly with its customers, I don’t see what difference an ombudsman would make. There is no way a supplier will be able to keep its anonymity if it makes a complaint,” he said. “Suppliers need to take responsibility for themselves.”== unfair power ==However, another bakery manufacturer told British Baker that he felt retailer power was out of hand. “Some of the demands they make over things such as payment terms and back payments are simply not fair. They regularly refuse to accept price increases despite rocketing ingredients costs,” he said. “An ombudsman is a good idea, but he has to be able to take decisions quickly. If he takes six to eight months, the problem will have gone away or the company will have gone bust.”An even better way of monitoring the relationship between suppliers and retailers would be to audit a random selection of companies each year, he adds. “Just like with PAYE or VAT, an audit team could go through a sup- pliers’ correspondence and contact reports to see whether a business is being put over a barrel. In that way, the manufacturer couldn’t be accused of being a whistleblower by the retailer.”Andrew Simms, policy director at the New Economic Foundation, an economic think-tank that has long criticised the power of the supermarkets, is equally sceptical about appointing an ombudsman. “Changing the monitoring of the Supermarkets Code of Practice by introducing an independent ombudsman is a good idea, but only if he has the tools to do the job. Coupled with the Commission’s other proposals, expecting an ombudsman to control the market- distorting power of the supermarkets is like sending someone to build sea defences with a feather duster. It would be messy, ineffective and potentially dangerous.”Meanwhile, Tesco executive director for corporate and legal affairs, Lucy Neville-Rolfe said that introducing a new ombudsman could be bureaucratic and an unnecessary cog in a supply chain. “More red tape is likely to stifle innovation and investment and reduce the ability of retailers and suppliers to work together flexibly to deliver the best deals for customers,” she said.== bleak outlook ==The CC’s report will do nothing to alleviate the bleak view of the British high street painted by Verdict Research’s retail analyst Nick Gladding, who said that, in 2007, high street bakers such as Greggs and independent chains, accoun-ted for just 1.3% of the estimated £118bn grocery market, with supermarkets generally estimated to account for over 75% of sales.For the baker on the high street, the news that supermarkets may be allowed to build even more sites is worrying. As Peter Williams, director of Hatfield, Herts-based high street chain Simmons says: “We offer something the supermarkets don’t – fresh food and coffee, made to order. But we certainly don’t want to see new supermarkets being encouraged. Shops like Tesco Extra have had an impact and many of the supermarkets now have cafés, which is a concern.”However, one ray of hope for high street bakers is that the CC recommendations on planning are not guaranteed to be implemented by government. “The CC is looking at this from a free market position, but the government is aware there are concerns about the future of the high street. For that reason, the government may reject the planning proposals,” added Gladding.At the British Shops and Stores Association, director Bob Jarrett called for issues such as small business rate relief to be addressed to really help high street retailers, but these were outside the CC remit.While the supermarkets – bar Tesco on the planning issue – broadly welcomed the bulk of the proposals, Simon Briault at the Federation of Small Businesses hopes the government chooses to ignore the CC proposals on planning. “The idea that improving competition means building more supermarkets is fundamentally wrong. The CC needs to look at the whole market, not just competition between supermarkets. For independent retailers such as bakers, the market is fundamentally unfair. Supermarkets can force down prices with their suppliers, who then look to regain their losses with smaller customers – it’s the waterbed effect.” n—-=== The CC’s key recommendations ===? A ’competition test’ in planning decisions on large grocery stores and measures to prevent exclusivity arrangements and restrictive covenants being used by retailers to restrict entry by competitors; new stores of 1,000 sq m or more must not command more than 60% local market coverage? The creation of a new strengthened and extended Groceries Supply Code of Practice, extended to include all grocery retailers with a UK turnover greater than £1 billion (covering Waitrose and M&S, previously exempt)? A recommendation to establish an independent ombudsman to oversee and enforce the Codelast_img read more

Dead fish, birds prompt official to issue warning to avoid Wolf Lake in Hammond

first_img Google+ Dead fish, birds prompt official to issue warning to avoid Wolf Lake in Hammond By Network Indiana – March 7, 2021 1 765 Pinterest Previous articlePortable skate park coming to Mishawaka this summerNext articleSWAT standoff on Adams Street in South Bend ends peacefully Network Indiana Google+ WhatsApp Facebook IndianaLocalNews Twitter Facebook (95.3 MNC) The Indiana Department of Environmental Management has asked the public to avoid a lake in northwest Indiana.On Thursday, the IDEM asked the public to stay away from Wolf Lake in Hammond, where dozens of ducks and other birds were found dead.IDEM said dead fish were also reported at the lake.The Indiana Department of Natural Resources began receiving reports of dead or sick birds at the lake in mid-February. Investigators have sent some of the dead birds to a laboratory at the National Wildlife Health Center to determine the cause of death.The test results will show if the birds were diseased, or if they have chemicals in their carcasses.On Tuesday, the Indiana DNR announced that avian cholera had been confirmed among geese in Gibson County, where 176 snow geese have been found dead since early January. Twitter WhatsApp Pinterestlast_img read more

Speech: Queen’s birthday celebration 2019 in Bosnia and Herzegovina: Ambassador’s speech

first_imgLadies and gentlemen, Dame i gospodo, dobrodošli u britansku rezidenciju, welcome to the British Residence, on this beautiful, dry day.My sincere thanks to all of you for joining us today to celebrate the birthday of a remarkable woman. Her Royal Highness Queen Elizabeth the Second is turning 93 years of age. Devedeset tri godine! Ona je naša najdugovječnija vladarica.Since taking to the throne in 1952, she has witnessed the birth of the modern world. Theresa May is her 13th Prime Minister. And Donald Trump is her 11th US President. Sve je vidjela.This Queen’s Birthday Party we mark a special anniversary in the relationship between the UK and Bosnia and Herzegovina. Danas obilježavamo posebnu godišnjicu.It is 25 years since the UK first opened a full diplomatic presence in this country. During those 25 years, countless Britons have come to serve their country in this country. Neki su tu službu platili svojim životima. There is a memorial to our fallen soldiers in this very garden. More recently, we have said goodbye to another solider, the one and only Lord Paddy Ashdown. Doživotnom prijatelju Bosne i Hercegovine.U tih dvadeset pet godina prijateljstva i partnerstva, malo toga bi se postiglo da nije bilo neumornog rada i kreativnosti naših bh. uposlenika u ambasadi i Britanskom savjetu. Mnogi od njih, bivši i sadašnji, su danas ovdje. They have heard this speech many times before, ali i dalje imaju osmijeh na licu. In the case of Senad Žoljić, who was there when the first office opened, 25 times. I have a certificate from our Foreign Secretary Jeremy Hunt to prove this.Please join me, on behalf of Her Majesty’s Government, in showing our appreciation to all of our staff .In my first Queen’s Birthday Party, I want to take the chance, on behalf of myself, Martina and our family, to thank you for the extraordinarily warm welcome. Drago mi je što je tako veliki broj poznatih i prijateljskih lica danas ovdje.The reason we feel so lucky to be here in this country, is because we believe in Bosnia and Herzegovina. Mi vjerujemo u građane ove zemlje. Ono što vidimo, kao i ono što građani rade da bi imali bolju, pravičniju i otvoreniju zemlju – daje nam inspiraciju.Of course we have and will make mistakes. Ko radi, taj i griješi. As anyone who follows me on social media knows.And we almost made it to the end of the speech without mentioning Brexit.Anyone who has met me, seen my interviews, read my blog, or bumped into me in the shops, will have heard that the UK is doing more not less in BiH. Napuštanje EU to neće promijeniti, i neće nas spriječiti da i dalje budemo blizak prijatelj i partner BiH.This year we have seen the return of BBC to BiH. We have contributed more troops to EUFOR – vojnika, ne špijuna. We hope soon to have a direct flight again. We are doing more business together.We have major investors such as Eastern Mining, and our main sponsor today. We continue to bond over our love of drink, thanks today to Banjalučka Pivara, Stock, Boreas-Stanić and Coca-Cola. I hope you will enjoy your leaving gift today courtesy of Stanogradnja, just one of the Tesco range now available in Bingo supermarkets.Svi mi u ambasadi smo uzbuđeni zbog mogućnosti koje su pred nama u ovoj godini. We are committed partners in creating opportunities and a future here. No one should have to leave this wonderful country to fulfil their potential. A, inspiriše nas prilika što ćemo raditi zajedno sa svima vama.I would ask you to raise your glass, in marking 25 years of the UK in Bosnia and Herzegovina. Obilježavamo dvadeset pet godina Ujedinjenog Kraljevstva u Bosni i Hercegovini. And in toasting Her Majesty The Queen. Njenom veličanstvu Kraljici. Cheers. Živjeli.last_img read more

Tedeschi Trucks Band Welcomes Members Of Los Lobos In Sacramento [Videos]

first_imgOn Tuesday night, Tedeschi Trucks Band offered up a performance at Sacramento, CA’s Sacramento Memorial Auditorium. Los Lobos handled the evening’s opening duties, followed by members of the band sitting-in with TTB towards the end of their one-set show.Derek Trucks and Susan Tedeschi led their band through a show-opening take on “Laugh About It”, off of the band’s recent Signs release. The 12-piece ensemble marched forward with a smooth-segued pairing of “Don’t Know What It Means” into “The Letter”, which was followed up by “When Will I Begin” and “Part Of Me”. Next, Tedeschi Trucks Band worked through a a trio of choice covers with Bob Dylan‘s “Down In The Flood”, Derek & The Dominos‘ “Keep On Growing”, and Willie Nelson‘s “Somebody Pick Up My Pieces”.Following “Signs, Hard Times”, Tedeschi Trucks Band welcomed Los Lobos guitarist Cesar Rosas for a take on Elmore James‘ “The Sky Is Crying”. Rosas, Trucks, and Tedeschi took the opportunity to fire back and forth some spicy guitar licks, as the band floated into a bluesy, improvisational segment of the show. Following Rosas’ sit-in, the band then invited Los Lobos guitarist David Hidalgo and multi-instrumentalist Steve Berlin to the stage for a pairing of “Leavin’ Trunk” and “Volunteer Slavery”. Moving back into their regular 12-piece configuration, Tedeschi Trucks Band offered up a soul-cleansing take on “Shame” before closing out their mainframe with “Midnight In Harlem”.Following a brief chance to catch their breaths, Tedeschi Trucks Band returned to deliver a two-song encore with Joe Tex‘s “Show Me” and The Coasters‘ “Let’s Go Get Stoned”.Luckily for fans that were unable to attend Tuesday night’s show, there’s some great fan-shot video footage that you can watch below:Tedeschi Trucks Band w/ Cesar Rosas – “The Sky Is Crying”[Video: Freakflagflyer]Tedeschi Trucks Band w/ David Hidalgo & Steve Berlin – “Leavin’ Trunk / Volunteer Slavery”[Video: Freakflagflyer]Tedeschi Trucks Band – “Part Of Me”[Video: Freakflagflyer]Next up for Tedeschi Trucks Band is a two-night run at Seattle, WA’s Paramount Theater this Thursday and Friday, May 23rd and 24th. For ticketing information and a full list of the band’s upcoming tour dates, head to their website.Setlist: Tedeschi Trucks Band | Sacramento Memorial Auditorium | Sacramento, CA | 5/21/2019Set: Laugh About It, Don’t Know What It Means > The Letter, When Will I Begin, Part Of Me, Down In The Flood, Keep On Growing, Somebody Pick Up My Pieces, Signs Hard Times, The Sky Is Crying (w/ Cesar Rosas), Leavin’ Trunk/Volunteer Slavery (w/ David Hidalgo & Steve Berlin), Shame, Midnight In HarlemEncore: Show Me, Let’s Go Get Stonedlast_img read more

To help the environment, manufacture

first_imgFormer Sierra Club chairman Carl Pope took an unusual stance for an environmentalist on Wednesday, saying that in order to meet the massive challenge posed by climate change, America needs more manufacturing.At a time when living sustainably and reducing waste are key topics in the national environmental discussion, Pope added a new wrinkle. The transformation required to meet the climate challenge, he said, involves no less than rebuilding or refurbishing virtually every American home, factory, school, power plant, hospital, and motor vehicle to become cleaner and greener over the next three to four decades.That level of transformation will require a host of new environmentally friendly products that can be delivered by high-tech manufacturing, much of which left the United States in recent decades. These are the factories and jobs, Pope said, that America should fight to get back. In addition to providing access to new products, the advanced factories would create related supply chains and distribution networks that would provide thousands of jobs and help further transform the economy, he said.Pope spoke at the Science Center in a talk titled “Bringing Back America: How Reviving Our Manufacturing Sector Is the Big Issue in the 2012 Election.” The talk was presented by the Harvard University Center for the Environment as part of its Future of Energy lecture series. Pope was introduced by center director Daniel Schrag, the Sturgis Hooper Professor of Geology and professor of environmental science and engineering. He said that the Sierra Club, under Pope’s leadership, became the nation’s leading environmental nongovernmental organization.Pope, who graduated from Harvard College in 1967, said one thing he learned here was to be skeptical of accepted wisdom, because a lot of times, it’s wrong. Today, he said, it is becoming clearer that our concept of what’s going on with global warming is wrong. Though it may be true that Earth, on average, is getting warmer, the manifestation of that change will not necessarily be a steady change to a warmer climate, but rather widespread climate instability. This will ultimately threaten the age-old association between certain climates and specific locations.“What we are doing is unleashing a highly unstable climate rather than an intrinsically warmer climate,” Pope said.Pope said there are also misconceptions about why America has lost advanced manufacturing sectors. One of the biggest, he said, is that U.S. wages are too high. While that may be the case for low-tech manufacturing of clothing and shoes, industries that can employ workers with few skills, advanced manufacturing requires skilled workers. Wages, to begin with, make up just 10 percent of electronic factories’ cost. In addition, Pope said, the wages being paid to workers in countries that lure these jobs away aren’t markedly different from those in the United States.Instead, Pope said, it is worker shortages, infrastructure problems, and a tangle of rules, regulations, and tax policies that ultimately make the United States appear unfriendly to these industries. He offered several examples, including one involving a windmill manufacturer that had to ship huge turbine blades across several states to their destination. Because states regulate highway transit differently, the shipping required a crane at each state border to reposition the blades. The existence of regulations determining how such large objects are shipped isn’t a problem, Pope said, but that they are different for each state presents a huge obstacle.He offered another example of a chip plant proposed for Long Island that wound up moving to Taiwan when its water supply couldn’t be guaranteed. The developer, Pope said, was told that the priority for water in a drought would be below that of golf courses because they were built first. Even American automakers are burdened by the U.S. system of having employers, not the government, pay for retiree pensions and health care, creating a lasting burden long after workers have left the factories.“The fundamental reason we’re not keeping high-tech manufacturing in the United States is that the government in the United States doesn’t make a priority of it,” Pope said. “Public policy in this country is not designed to enable people to make things in the U.S.”Though the issues are complex, because the obstacles are related to policy, they can be fixed with the right leadership, Pope said. He cited the case of the U.S. semiconductor industry, which was shifting to Asia in the 1980s when the Reagan administration made a concerted effort to keep it, and the Obama administration’s efforts to lure back advanced battery manufacturers — seen as a key component in electric vehicles — which increased the U.S. share of the industry from 3 percent to 35 percent in several years.“If I am even vaguely right, our economy has to be highly innovative and fast moving,” Pope said. “We have to again be a country that makes things.”last_img read more

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

Seaford Middle School Evacuated for Bomb Scare

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Seaford Middle School was evacuated for a bomb threat on Wednesday morning, Nassau County police said.A police spokeswoman said school officials called 911 at 9:35 a.m. reporting the discovery of “some sort of written threat,” although it wasn’t immediately clear if it was a note or a message written on a wall.Arson/Bomb Squad detectives are on the scene searching the campus.The incident comes a day after Elmont High School was put on lockdown when a student brought a toy gun to school.last_img read more