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In May 2011, the company changed its name from Greka Oil & Gas Inc. to HVI Cat Canyon Inc. [2] In June 2019, the company filed bankruptcy after federal and state authorities, including the United States Environmental Protection Agency (EPA) and the United States Department of Justice (DOJ), fined the company for oil spills. [3]
Between coal and gas plants, the EPA's new regulations are projected to eliminate 1.38 billion metric tons of carbon pollution through 2047, the same as preventing the annual emissions of 328 ...
With the shuttering of coal plants, the National Rural Electric Cooperative Association estimates that over one million jobs will be lost. [13] With the coal industry aging, many coal mines are deteriorating and becoming costly to keep running. As a result, coal plants are no longer a reliable, go-to energy source for the United States. [11]
Instead, these companies can hold their own assets as "self-bonding". [4] The bankruptcy of large coal mining companies may imperil the $3.7 billion state regulators have allowed in self-bonding. [5] For example, shortly before it declared bankruptcy Peabody Energy held $1.47 billion in self-bonding liabilities, including $900.5 million in ...
In a victory for President Joe Biden's administration, a federal appeals court on Friday ruled that a new federal regulation aimed at limiting planet-warming pollution from coal-fired power plants ...
Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency. New limits on greenhouse gas emissions ...