1. FOSSIL FUELS:
Coal consumption to rise globally despite drop in U.S., IEA says
Cheap shale gas is significantly reducing coal demand in the United States, but global coal consumption is still expected to rise 2.6 percent annually by 2017, the International Energy Agency said today in a report.
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2. BUSINESS:
Aging coal-fired plants, coal prices send big independent power producer into bankruptcy
One of nation's largest unregulated utility holding companies, Edison Mission Energy, yesterday filed for Chapter 11 protection under the Bankruptcy Code, saying it would seek to restructure an estimated $5 billion in debt from creditors.
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