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Corsa Capital Limited

Publié le 23 août 2017

Meaning of 'clean coal' mentioned by Trump unclear

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Mots clés associés :   Mine | Trump |

Meaning of 'clean coal' mentioned by Trump unclear

President Donald Trump invoked "clean coal" at Tuesday night's rally in Phoenix, repeating a phrase that's used often by coal industry supporters to put a positive spin on the heavily polluting fuel — but one that remains ambiguous in its definition.

The Republican president took credit for the opening of a coal mine in Pennsylvania, saying, "We've ended the war on beautiful, clean coal, and it's just been announced that a second, brand-new coal mine, where they're going to take out clean coal — meaning, they're taking out coal, they're going to clean it — is opening in the state of Pennsylvania, the second one."

The most literal use of "clean coal" refers to coal that's washed as it leaves the mine to remove impurities such as dirt and rocks, a standard industry procedure. Clean coal also is used to refer to coal burned in modern power plants equipped with costly "scrubbers" to remove air pollutants such as nitrogen oxide or mercury.

In recent years, clean coal has become most closely associated with coal-burning power plants that can capture and remove greenhouse gases such as carbon dioxide, which is considered a prime contributor to global warming. However, only a handful of coal plants worldwide have technology in place to capture and sequester carbon dioxide, including the Petra Nova plant in Texas that came online earlier this year. That plant was partially funded by a Department of Energy program for which Trump has proposed deep cuts.

Some researchers say that even carbon capture won't make coal "clean." That's because the gas that's removed during coal-fired power generation can be pumped underground to increase the amount of crude oil extracted from aging reserves. Critics say the greenhouse gases resulting from increased oil production would offset any gains made at the coal plants.

The Pennsylvania mine Trump spoke about Tuesday night will produce coal for making steel.

It's not "brand-new," as Trump said, but has been idle since 2012.

George Dethlefsen, chief executive of the mine's owner, Corsa Coal Corp., said Wednesday the company recently decided to reopen it, citing a steel industry boom that's driven up prices for metallurgical coal.

He also tipped his hat to Trump, who visited a new Corsa mine in June, saying the coal industry no longer fears being "regulated out of business."

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Corsa Capital Limited

CODE : CSO.V
ISIN : CA22041E1043
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Corsa Capital Ltd. est une société d’exploration minière d'or basée au Canada.

Corsa Capital Ltd. détient divers projets d'exploration au Canada.

Son principal projet en exploration est SY GOLD PROJECT au Canada.

Corsa Capital Ltd. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 32,6 millions CA$ (23,9 millions US$, 22,3 millions €).

La valeur de son action a atteint son plus bas niveau récent le 26 février 2016 à 0,02 CA$, et son plus haut niveau récent le 16 décembre 2016 à 3,82 CA$.

Corsa Capital Ltd. possède 94 590 000 actions en circulation.

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08/03/2011Announces Addition to Board of Directors, Appointment of Mic...
Rapports Financiers de Corsa Capital Limited
13/05/2014Reports First Quarter 2014 Financial Results
28/03/2014Files 2013 Financial Results
29/07/2013Files Second Quarter 2013 Financial Results
12/03/2013Announces First Quarter Sales and Increases 2013 Sales Guida...
12/02/2013Files Fiscal 2012 Financial Results
12/11/2012Increases Fourth Quarter Guidance
11/10/2012Files Third Quarter 2012 Financial Results
29/04/2011Files First Quarter 2011 Financial Results
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15/07/2016Corsa Coal Announces Mailing of Shareholder Meeting Material...
18/05/2016Corsa Coal Announces Financial Results for First Quarter 201...
30/03/2016Corsa Coal Announces Financial Results for Fourth Quarter an...
28/03/2016Corsa Announces Completion Of Private Placement Of Common Sh...
22/03/2016Corsa Announces Private Placement of Common Shares for US$8....
23/10/2015Corsa Announces Completion Of Private Placement Of Common Sh...
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01/09/2015Corsa Coal Announces Financial Results for Second Quarter 20...
24/06/2015Coal Announces Release of Updated Investor Presentation and ...
13/02/2015Corsa Coal Appoints Peter Merritts as President of its North...
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05/01/2015Western Pacific Announces Unsecured Note Financing
15/12/2014Corsa Coal Announces Analyst Day and Preliminary Outlook for...
03/12/2014Corsa Grants Stock Options
01/12/2014Corsa Coal Announces Financial Results for Third Quarter 201...
14/10/2014Corsa Files Technical Report For PBS Coals
20/08/2014Sprott Resource Corp. Announces Closing of Corsa Coal Corp.'...
20/08/2014Announces Completion of Acquisition of PBS Coals
16/07/2014Additional Information on Corsa's Transaction to Purchase PB...
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05/07/2013Provides an Update on the Quintana Kopper Glo Transaction
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06/06/2013Announces Second Quarter Sales, Record Production at the Cas...
03/04/2013announces Hyundai Steel contract
22/03/2013Arranges a premium priced US$40 million financing and the Ac...
30/10/2012Grants Stock Options
19/09/2012Announces Improvements at Casselman Mine and Q3 Sales In Lin...
14/07/2011Coal Commences Train Shipments of Met Coal
27/06/2011Coal Corp. Continues Under Federal Jurisdiction
16/06/2011Coal Wash Plant Commences Operating
19/05/2011Announces Closing of the Casselman Mine Acquisition and the ...
27/04/2011Announces Name Change
05/04/2011Announces Purchase of 29.5 Million Ton Alumbaugh Expansion o...
30/03/2011Provides Marketing and Wash Plant Update
22/03/2011Announces Agreement to Purchase the Casselman Mine and a US$...
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