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posted by Fnord666 on Saturday February 04 2017, @12:42AM   Printer-friendly
from the rolling-coal dept.

Remember when Bank of America promised to stop financing coal mining? They weren't the only ones getting cold feet about this formerly dominant energy source. Now The Guardian is reporting that Deutsche Bank is committing to end financing of new coal mining and new coal-fired power plant construction.

This pledge is being made, says the bank, to back up its commitment to supporting the Paris Climate Deal. But it is also, most likely, a very prudent investment decision. With India phasing out new coal plant construction years earlier than recommended, China reducing its pipeline too, and huge utilities and whole countries alike saying they are pretty much done with coal, it's getting increasingly hard to see where the future for this industry lies.

It seems the age of fossil fuels may be drawing to a close.


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  • (Score: 1, Flamebait) by jmorris on Saturday February 04 2017, @03:56AM

    by jmorris (4844) on Saturday February 04 2017, @03:56AM (#462731)

    I'm not sure you are trolling or insulting everyone's intelligence. Even most of the proggies posting here aren't dumb enough for something so obvious. Either way, you really need to up your game or go somewhere else.

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  • (Score: 0) by Anonymous Coward on Saturday February 04 2017, @03:59AM

    by Anonymous Coward on Saturday February 04 2017, @03:59AM (#462733)

     

    • (Score: 2) by Azuma Hazuki on Saturday February 04 2017, @04:03AM

      by Azuma Hazuki (5086) on Saturday February 04 2017, @04:03AM (#462734) Journal

      Time for another dose of Haldol, J-Mo! And remind your nurse when you're going outdoors.

      --
      I am "that girl" your mother warned you about...
      • (Score: 0, Flamebait) by Hairyfeet on Saturday February 04 2017, @06:09AM

        by Hairyfeet (75) <bassbeast1968NO@SPAMgmail.com> on Saturday February 04 2017, @06:09AM (#462769) Journal

        So instead of actually refuting his arguments, you throw insults...gee how left wing of you. Perhaps you'd like to burn a few straw men, maybe throw a Godwin or scream fascism?

        Like it or not we got a hell of a lot more Solyndra boondoggles [newsmax.com] than we've seen success on the renewable side and a single nuke reactor would provide more power with more reliability over its life than anything else we have going right now. and what about the NIMBYs? To build a solar farm or wind farm big enough to replace a single coal plant you'll have every environmentalist coming out of the woodwork to save the slugs on the land you want to build on. There is a reason why China has built 25 plants in the time it takes us to approve, not build, a single plant, and that is because sadly the greenies don't want shit built.

        So how about actually coming up with an argument, or can all you do is throw insults like a 12 year old brat that hasn't gotten their way?

        --
        ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.
        • (Score: 2) by Azuma Hazuki on Saturday February 04 2017, @06:39AM

          by Azuma Hazuki (5086) on Saturday February 04 2017, @06:39AM (#462778) Journal

          Because, Sir Hobbitsfoot, J-Mo is beyond salvation. He is not rational. As insane as Runaway is, he's at least prone to occasional moments of lucidity. J-Mo, however, is beyond any help that can be afforded him on this plane of existence. There is nothing left to do but mock him.

          --
          I am "that girl" your mother warned you about...
          • (Score: 2) by Hairyfeet on Sunday February 05 2017, @01:24AM

            by Hairyfeet (75) <bassbeast1968NO@SPAMgmail.com> on Sunday February 05 2017, @01:24AM (#462986) Journal

            So the answer is no, all you can do is throw insults and act like an ass. Again how very left wing of you.

            --
            ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.
            • (Score: 2) by Azuma Hazuki on Sunday February 05 2017, @11:07AM

              by Azuma Hazuki (5086) on Sunday February 05 2017, @11:07AM (#463081) Journal

              Oh cry harder, you brainwashed moron. I tried months ago to reason with people like that here and it never got anywhere, so my policy is to subject them to the ridicule they so richly deserve. Hint: you're in this same category.

              --
              I am "that girl" your mother warned you about...
              • (Score: 1, Troll) by Hairyfeet on Monday February 06 2017, @04:53AM

                by Hairyfeet (75) <bassbeast1968NO@SPAMgmail.com> on Monday February 06 2017, @04:53AM (#463310) Journal

                And yet again instead of showing you have an actual position you just throw insults and act like a little whiny bitch. Whats the matter, did he or I trigger you? Do you need a safe space?

                Well here is you go [bit.ly], enjoy.

                --
                ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.
                • (Score: 3, Informative) by Azuma Hazuki on Monday February 06 2017, @05:19AM

                  by Azuma Hazuki (5086) on Monday February 06 2017, @05:19AM (#463317) Journal

                  You're trying too hard. Go sit in the Dork...er, Dark Enlightenment corner with all the other edgy edgetards who think they invented being an asshole.

                  --
                  I am "that girl" your mother warned you about...
        • (Score: 3, Informative) by Anonymous Coward on Saturday February 04 2017, @06:41AM

          by Anonymous Coward on Saturday February 04 2017, @06:41AM (#462779)

          So instead of actually refuting his arguments, you throw insults

          Are you joking?
          There were no arguments.
          His entire post was just a chimp-out.

          Like it or not we got a hell of a lot more Solyndra boondoggles than we've seen success on the renewable side

          Are you joking?
          The program that funded solyndra is on track to turn a $5 billion profit. [bloomberg.com] And it wasn't even intended to turn a profit. The whole point was to invest in high-risk development that wallstreet was to scared to touch and the returns wouldn't be dollars, but increased practical knowledge that would accelerate the industry as a whole. Like cutting lithium battery costs by 80% over the last six years. [electrek.co] Seems to be working out great.

          • (Score: 2) by Azuma Hazuki on Saturday February 04 2017, @06:42AM

            by Azuma Hazuki (5086) on Saturday February 04 2017, @06:42AM (#462782) Journal

            Don't confuse the poor alt-rightard with facts, AC. He'll explode if he doesn't get his two minutes' hate every two minutes.

            --
            I am "that girl" your mother warned you about...
            • (Score: 0) by Anonymous Coward on Saturday February 04 2017, @06:44AM

              by Anonymous Coward on Saturday February 04 2017, @06:44AM (#462783)

              except for the muzzies
              yeah still me

              • (Score: 2) by Azuma Hazuki on Saturday February 04 2017, @04:11PM

                by Azuma Hazuki (5086) on Saturday February 04 2017, @04:11PM (#462858) Journal

                I'm flattered by the attention, but very much taken. I'm also not into butt stuff, so why don't you find someone else's ass to be up?

                --
                I am "that girl" your mother warned you about...
                • (Score: 0) by Anonymous Coward on Saturday February 04 2017, @11:42PM

                  by Anonymous Coward on Saturday February 04 2017, @11:42PM (#462970)

                  Lol. You are the one who keeps following me around and jumping on my criticisms with "me too!"
                  Except you are the hypocrite because your "me toos" about their hate only go so far, you make an excuse when their hate lines up with your hate.

                  • (Score: 2) by Azuma Hazuki on Sunday February 05 2017, @12:37AM

                    by Azuma Hazuki (5086) on Sunday February 05 2017, @12:37AM (#462976) Journal

                    What the hell are you even talking about? Go haunt someone else, Mr. Coward.

                    --
                    I am "that girl" your mother warned you about...
          • (Score: 3, Interesting) by TheRaven on Saturday February 04 2017, @04:40PM

            by TheRaven (270) on Saturday February 04 2017, @04:40PM (#462865) Journal

            The program that funded solyndra is on track to turn a $5 billion profit. And it wasn't even intended to turn a profit

            Perhaps more importantly, Solyndra failed because the cost of solar panels dropped a lot faster than expected. They were pursuing a new design that aimed to drive costs down, and would have been very profitable if the price of PV cells had dropped at the predicted rates. It's a shame that they ended up wasting $500m, but their failure was caused by the objectives of the program being met and exceeded: PV prices dropped to the extent that they're now highly profitable without subsidy.

            --
            sudo mod me up