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From: Wharf Rat	9/22/2016 8:59:09 PM
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Fossil fuels investment takes nosedive Energy experts say global investment patterns show a spectacular shift, with renewables on the rise and support for fossil fuels in sharp decline. LONDON, 17 September, 2016 – A revolution is taking place in the global energy sector, with investments in oil and gas declining by 25% in 2015 while energy produced from renewables rose by more than 30%. climatenewsnetwork.net Bust Hits America’s Cowboy Coal Basin After 40 Years of Boom Through Sept. 10, coal output in Wyoming, the biggest U.S. producer, is down 25 percent from a year earlier, while Montana is down 26 percent, according to the U.S. Energy Information Administration. Ted O’Brien, chief executive officer of Doyle Trading Consultants in New York, estimates that the output may drop to 332 million tons this year, from 418 million tons in 2015. Preston is even less positive, foreseeing a possible slide to 307 million tons. bloomberg.com

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