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	<title>Sightline InstituteCloud Peak Energy Archives - Sightline Institute</title>
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	<description>News and Views for a Sustainable Northwest</description>
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		<title>Cloud Peak&#8217;s Bankruptcy: The Winners and Losers</title>
		<link><![CDATA[https://www.sightline.org/2019/05/23/cloud-peaks-bankruptcy-the-winners-and-losers/]]></link>
		<pubDate>Thu, 23 May 2019 12:40:12 +0000</pubDate>
		<description><![CDATA[The people making the riskiest bets will likely see the biggest rewards.  | Cloud Peak Energy, the coal giant that operates three massive mines in Montana and Wyoming, officially declared bankruptcy on May 10. Bankruptcy cancels debts and shreds IOUs, so if Cloud Peak owes you money, there&#8217;s a good chance you won&#8217;t get it back. At the same time, a handful of corporate insiders, bankers, and high-paid advisors will come through the process flush with cash. So, for those who can stomach...]]></description>
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		<title>Cloud Peak Energy Files For Bankruptcy</title>
		<link><![CDATA[https://www.sightline.org/2019/05/13/cloud-peak-energy-files-for-bankruptcy/]]></link>
		<pubDate>Mon, 13 May 2019 22:12:16 +0000</pubDate>
		<description><![CDATA[Powder River Basin coal giant is the latest fossil fuel domino to fall. | ]]></description>
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		<title>Cloud Peak Energy Races Towards Bankruptcy</title>
		<link><![CDATA[https://www.sightline.org/2019/05/08/cloud-peak-races-towards-bankruptcy/]]></link>
		<pubDate>Wed, 08 May 2019 13:00:41 +0000</pubDate>
		<description><![CDATA[Coal just can't compete in today's energy market. | Update, May 10: Cloud Peak Energy officially filed for bankruptcy today. It&#8217;s all over but the shouting:The Wall Street Journal reports that Cloud Peak Energy, the Powder River Basin coal giant, will file for bankruptcy within the week. A bankruptcy filing would come as little surprise, given the many warning flares the company had sent up over the last six months. Last November, after reporting dismal third-quarter results, the company...]]></description>
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		<title>Coal Market Roundup, February 2019: &#8216;Nobody is making any money&#8217;</title>
		<link><![CDATA[https://www.sightline.org/2019/02/13/coal-market-analysis-no-making-money/]]></link>
		<pubDate>Wed, 13 Feb 2019 13:35:47 +0000</pubDate>
		<description><![CDATA[Things are a bit of a mess in the PRB. And they're set to get messier still. | It&#8217;s been another disappointing few months for the US coal industry. And it&#8217;s been especially grim for Western US coal companies hoping that Asian exports will revive their flagging prospects. Here are some highlights—or perhaps lowlights—in the ongoing saga of King Coal&#8217;s demise: Fraser Surrey Docks coal project bites the dust. The dim prediction for West Coast coal exports grew even gloomier after the Port of Vancouver, BC, canceled its permit for the...]]></description>
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		<title>Cloud Peak Energy: A Coal Company Past its Peak</title>
		<link><![CDATA[https://www.sightline.org/2018/11/13/cloud-peaks-stock-profit-margins-and-production-continue-to-slide/]]></link>
		<pubDate>Tue, 13 Nov 2018 13:52:10 +0000</pubDate>
		<description><![CDATA[Falling sales and collapsing profits signal big trouble for King Coal. | ]]></description>
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		<title>Coal Exports: Still a Risky Business</title>
		<link><![CDATA[https://www.sightline.org/2018/10/30/us-coal-exports-still-risky-business/]]></link>
		<pubDate>Tue, 30 Oct 2018 13:29:12 +0000</pubDate>
		<description><![CDATA[The economics of West Coast coal exports stink—even well-positioned coal companies are struggling to make money. | A few years back, coal exports were a hot topic up and down the Northwest coast. The coal industry had proposed no fewer than nine export projects from Oakland, California, through Vancouver, British Columbia, all designed to ship coal to Asia. One by one, each proposal died, falling victim to a potent cocktail of political opposition and dismal economics. And the economics were really, truly terrible. By 2015, a multi-year...]]></description>
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		<title>Coal Exports: The End Game Unfolds</title>
		<link><![CDATA[https://www.sightline.org/2017/05/03/coal-exports-the-end-game-unfolds/]]></link>
		<pubDate>Wed, 03 May 2017 16:30:34 +0000</pubDate>
		<description><![CDATA[A tumultuous week brought nothing but bad news for Northwest coal exports. | Financial turmoil! Political opposition! Environmental intrigue! By any measure it&#8217;s been a momentous week for Northwest coal exports. Here&#8217;s the rundown: A political game-changer in British Columbia In the midst of a tight election battle, BC Premier Christy Clark radically changed the debate over coal exports in the province last Wednesday by asking Canada&#8217;s Prime Minister, Justin Trudeau, to ban coal exports to overseas power plants. Media reports initially described the move simply...]]></description>
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		<title>Coal Exports: After the Crash, Now What?</title>
		<link><![CDATA[https://www.sightline.org/2017/04/06/coal-exports-after-the-crash-now-what/]]></link>
		<pubDate>Thu, 06 Apr 2017 20:00:34 +0000</pubDate>
		<description><![CDATA[Souring Asian markets have killed export projects and put export-oriented mines in jeopardy. | Another month, another coal export project down the tubes. This time it&#8217;s the proposed Chuitna mine in Alaska, a controversial export project launched a few years ago near the peak in the Pacific Rim coal bubble. After submitting several thousand pages of permitting documentation, the project backers had no choice but to shelve the project after the main investor pulled out&#8212;no doubt disheartened that Asia&#8217;s formerly red-hot coal market has cooled...]]></description>
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		<title>A Victory for Coal Mine Cleanup</title>
		<link><![CDATA[https://www.sightline.org/2017/03/09/a-victory-for-coal-mine-cleanup/]]></link>
		<pubDate>Thu, 09 Mar 2017 14:30:32 +0000</pubDate>
		<description><![CDATA[Are we approaching the end of self-bonding? | The tsunami of bankruptcies that overwhelmed the US coal industry over the past two years has largely subsided&#8212;but it left an unprecedented path of financial wreckage in its wake, wiping out shareholders, decimating balance sheets, and stranding billions of dollars in loans that will never be repaid. There&#8217;s been an unexpected upside to this financial chaos, however: an obscure federal subsidy to the coal industry has been all but eliminated. The subsidy, called...]]></description>
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		<title>Cloud Peak Retreats from Coal Exports</title>
		<link><![CDATA[https://www.sightline.org/2017/03/06/cloud-peak-retreats-from-coal-exports/]]></link>
		<pubDate>Mon, 06 Mar 2017 19:00:00 +0000</pubDate>
		<description><![CDATA[This is the way coal exports end: not with a bang but a whimper. | In another sign of the collapsing prospects for West Coast coal exports, Cloud Peak Energy&#8212;one of the largest coal producers in the American West and the best positioned coal exporter in the vast Powder River Basin&#8212;recently announced that it had extricated itself from long-term contracts to move coal into Pacific Rim markets. It was a costly retrenchment: the company gave up nearly $10 million that was held in escrow accounts and still...]]></description>
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