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CHARLESTON, W.Va. -- Shareholders overwhelmingly approved coal producer Alpha Natural Resources' $7.1 billion takeover of struggling rival Massey Energy Co. on Wednesday, the companies said.
Alpha immediately began absorbing Massey, replacing the company's sign on its West Virginia headquarters and filing at least 18 documents with the Securities and Exchange Commission cancelling Massey shares after the deal closed.
"Our goal is to run the combined company in the same manner that we've operated Alpha," Chief Executive Kevin Crutchfield told The Associated Press. "We'll see improved safety performance, improved levels of environmental stewardship."
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By Carra Higgins - Staff Writer , The Inter-Mountain
Facility would create approximately 250 jobs
A new Metinvest mining operation planned for the Ellamore area of Randolph County received the Randolph County Development Authority's stamp of approval Wednesday.
RCDA board members learned that the Roaring Creek deep-mining facility will create approximately 250 direct jobs, which will have average wages of $18 to $30 an hour. For each of the 250 people employed at the mine, approximately five other jobs will be created.
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Henry Payne/ The Michigan View.com
Despite voter rejection of Democrats' radical cap and trade legislation at the polls last November, the Environmental Protection Agency (EPA) is hungrily eyeing the U.S. coal industry with backdoor carbon regulation.
And Michigan is first on the menu.
Wolverine Power, which serves northern Michigan, wants to build a new coal-fired power plant to satisfy Michigan's future energy needs with more efficient technology. But in addition to running the usual gauntlet of federal regulations, Wolverine faces a formidable new hurdle: It must now satisfy carbon dioxide regulations stealthily drafted at the beginning of this year.
"We are venturing into uncharted territory," says Wolverine Director of Community and Government Affairs Ken Bradstreet of the vague rule with no precedent for how to meet it.
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Bill would prevent the Environmental Protection Agency from undermining states' permitting programs.
By Pam Kasey
A bipartisan bill introduced May 27 in the U.S. House of Representatives addresses the erosion of states’ authority and partnership with the federal government under the Clean Water Act.
The “Clean Water Cooperative Federalism Act of 2011,” H.R. 2018, was introduced by Transportation and Infrastructure Committee Chairman John L. Mica, R-Fla., and by committee ranking member Nick Rahall, D-W.Va. Rep. Shelly Moore Capito, R-W.Va., was among the bill’s original cosponsors.
The bill amends the Clean Water Act, or CWA, to preserve the system of cooperative federalism established under the CWA in which the primary responsibilities for water pollution control are allocated to the states.
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