September, 14 2017, 03:15pm EDT
EIA Finally Sees Reality of Coal's Decline, but Needs a Reality Check on How Quick It's Happening
WASHINGTON
Today, the Energy Information Administration (EIA) projected a 28 percent increase in world energy use by 2040, predicting strong clean energy growth, but only a slight decline in global coal use - with an almost zero percent decline in coal use in the U.S. from 2015 to 2020. EIA has a long history of being slow to document clean energy's rapid ascent as well as the pace of coal-fired power plant retirements. Last year, for example, EIA projected a strong increase in coal use in the coming decades and moderate growth for clean energy resources like solar, wind, and energy efficiency - yet outside study after outside study showed the opposite.
Many outside experts have predicted the global coal industry's decline and clean energy's growth more accurately, making today's EIA release a "catch up" projection (though still inaccurate) as opposed to a new revelation. Energy experts continue to predict the exponential growth of the solar, wind, and energy efficiency use and a precipitous drop off in coal use as coal plants continue to retire around the world and countries get more serious about abating coal's detrimental impact on public health and the climate.
In response, Bruce Nilles, Senior Director of Sierra Club's Beyond Coal campaign, released the following statement:
"EIA is finally recognizing coal use has peaked globally, but it still misses the tectonic coal to clean energy revolution happening here in the United States. Later this year we will celebrate a major milestone when half the US coal fleet that was operating in 2009 will have retired or be announced to retire.
"Coal will not slightly decline in the coming decades, it will fall off a cliff as communities, businesses, and governments all over the world get more serious about public health, climate change, and reducing electricity costs. It's important to remember that coal is a 19th century technology designed to fix 19th century problems, and as we move deeper into the 21st century, it will be phased out for new technologies that meet our society's demands of clean, flexible, and affordable energy - new technologies like wind, solar, and energy efficiency. We are long overdue for having this conversation and must continue concentrating on helping coal impacted workers and communities make an economic transition, instead of continuing to pretend that coal will be around for decades to come."
The Sierra Club is the most enduring and influential grassroots environmental organization in the United States. We amplify the power of our 3.8 million members and supporters to defend everyone's right to a healthy world.
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Alan Greenspan, Longtime Fed Chair and Ayn Rand Disciple, Meets Ultimate ‘Invisible Hand’
"For decades, he preached that the self-interest of the predator was the invisible hand of the common good," Yanis Varoufakis said after the man who led the US central bank under four presidents died aged 100.
Jun 22, 2026
Alan Greenspan, whose policies during nearly 30 years as US Federal Reserve chair fueled soaring economic inequality and helped create the conditions for multiple economic crashes, died Monday at age 100 after a long battle with Parkinson's disease.
While many corporate media outlets published hagiographic obituaries lionizing the "Maestro" who presided over nearly two decades of low inflation, rising stock prices, and American economic confidence, critics focused on Greenspan's role in promoting dangerous deregulation and "easy money" policies that inflated financial bubbles.
Robert Reich—who served as US labor secretary under President Bill Clinton during all of Greenspan's tenure—called him "in many ways the most powerful person in America."
"He maintained an iron grip over the Fed, and almost single-handedly decided on interest rates," Reich wrote. "He essentially fired George H. W. Bush by raising interest rates so high (ostensibly to ward off the inflation then threatening the economy) that the economy took a dive, and voters blamed Bush. This was enough to convince my boss, Bill Clinton, to do exactly what Greenspan wanted—which was to reduce the federal budget deficit and thereby destroy much of the agenda Clinton ran on (and I helped create)."
"I don’t want to speak ill of anyone who has passed. Greenspan was an extremely charming, intelligent, and thoughtful man," Reich added. "But the truth must be told: If any single person was responsible for the financial crisis of 2008, it was Greenspan. That crisis—the worst collapse since 1929, which led to the worst recession in decades, in which millions of Americans lost their jobs, savings, and even their homes—resulted from the deregulation of Wall Street that Greenspan advocated."
Former Greek Finance Minister Yanis Varoufakis wrote on X: "His epitaph? A singular, glorious confession, 'I found a flaw in my model of the world.' A flaw, he said, as though it were a leaky pipe, not a total collapse of the intellectual architecture that anointed him Oracle. For decades, he preached that the self-interest of the predator was the invisible hand of the common good.
"Then, in 2008, the beast devoured the table, and to his credit, he blinked, admitting that his entire worldview—the one that central bankers canonized and the world swallowed—was a fairy tale for rentiers," Varoufakis added. "He did not, of course, admit to culpability. That would require a moral compass, a device notably absent from his Ayn Randian toolbelt. No, he merely noted the flaw, as a meteorologist might note a gust of wind, and returned to his well-earned silence."
Born 10 miles from Wall Street during one of the most infamous economic bubbles of all time, Greenspan was a protégé of libertarian writer and philosopher Ayn Rand and was influenced by the Atlas Shrugged author's moral defense of capitalism, her fierce advocacy of deregulation, and her insidious insistence that self-interest was socially beneficial.
Their relationship cooled in the late 1960s, especially as Greenspan embraced more mainstream economic and policy roles despised by Rand and gradually became a leading steward of the very sort of state-managed system she deeply distrusted.
After heading President Gerald Ford's Council of Economic Advisers, Greenspan was appointed chair of the Fed by President Ronald Reagan in 1987. He would remain in the post well into George W. Bush's second term.
Greenspan generally favored relatively low interest rates, especially after crises like the 1987 stock market crash, the 1998 Long-Term Capital Management crisis, and the 2001 recession. His fame grew after he suggested that the economy might be experiencing a “productivity miracle” driven by technology, language that many investors took as validation that traditional valuation limits were no longer applicable.
Critics would later call it a "productivity mirage."
Staunch devotion to low interest rates by Greenspan's Fed boosted stock prices and real estate values under "easy money" policies. Many investors came to believe that the Fed would intervene aggressively whenever markets fell sharply—the so-called "Greenspan Put."
However, since ownership of financial assets (and the firms that sell and promote them) is concentrated among the wealthy, it was the rich who benefited most from Greenspan's polices. When bubbles burst, as they did after the dot-com boom that ended in early 2000 and during the 2008 global financial crisis, the rich bounced back thanks to their diversified portfolios and bailouts, while middle- and lower-income households were wiped out through asset devaluation, foreclosures, and job losses.
"It is no exaggeration to say the global financial crisis of 2008 had an enormous and lasting impact on American life and the way ordinary people view elites," New York Times global economic correspondent Peter S. Goodman said on social media. "It is also no exaggeration to say that Alan Greenspan has as much responsibility for the crisis as an individual can."
"For those not old enough to remember, it is difficult to state his aura during his time of greatest influence," Goodman continued. "When he told Americans that they should buy houses and use variable-rate mortgages to do it, they listened. Much is made of his econ jargon-laden vernacular that went over the heads of nearly all listeners."
"That was central to the mystique," he added. "When he went to the Hill and spoke to Congress, most people had no idea what he was talking about but assumed that smarter kids did. And so his quasi-religious faith in the efficiency of markets as the ultimate insurance against risk went unchallenged and became dogma, and the risks kept building."
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"The Dems should have a leader who Elon Musk is threatening to sue and wants imprisoned," said one political observer. "That's the right guy."
Jun 22, 2026
The recently crowned world's first trillionaire Elon Musk threatened Rep. Ro Khanna with legal action on Monday after the California Democrat pointed out the life-ending potential of foreign aid cuts made by the Department of Government Efficiency.
During an appearance on the "I've Had It" podcast on Saturday, Khanna (D-Calif.) said that there must be consequences for Musk, who in February 2025 used DOGE to curtail programs and cut funding for the United States Agency for International Development (USAID).
"There needs to be accountability for Elon Musk," Khanna emphasized. "You know, they’re celebrating that he created 4,400 millionaires, but they don’t talk about the 4.5 million children around the world who he possibly sentenced to death by dismantling USAID.”
A peer-reviewed study published by The Lancet in July 2025 estimated that proposed cuts to USAID could lead to as many as 14 million preventable deaths by 2030 worldwide, including the deaths of 4.5 million children under the ages of five years old.
Musk, who earlier this month became the world's first trillionaire, wrote in response to Khanna's interview that it was "time to sue this liar."
It's not clear how Khanna's statement could be defamatory given that it was based on research published by a prestigious medical journal.
Musk, in a separate reaction to Khanna's remarks about USAID, later added that the US lawmaker "should be in prison."
On Monday afternoon, Khanna posted a video in which he challenged Musk to debate him on the impact the DOGE cuts have had on people throughout the Global South who had previously benefited from USAID.
"The world's richest person has spent all day... going after me," Khanna said. "Why? Because I cited an academic study that his DOGE cuts may lead to the deaths of millions of children overseas. You know, Elon, I thought you were a free speech guy. Why not debate me on these issues instead of threatening lawfare?"
"You're not going to be able to intimidate me," Khanna added.
.@elonmusk let's debate. You game?
I am for free speech, not lawfare. pic.twitter.com/gThLggxiOW
— Ro Khanna (@RoKhanna) June 22, 2026
Mehdi Hasan, editor-in-chief of Zeteo News, said that Khanna’s willingness to directly take on Musk exhibited qualities that Democrats could use more of in leadership positions.
"He is picking/making the right enemies on the right, and really pissing them off," Hasan wrote of Khanna. "The Dems should have a leader who Elon Musk is threatening to sue and wants imprisoned. That's the right guy."
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"The summary execution of two more in an alleged drug boat brings the number of murders ordered by Trump to more than 210," noted one human rights defender.
Jun 22, 2026
Two people were killed, and six others survived, a strike on Sunday that the US military claimed—without providing evidence—targeted a boat full of "narco-terrorists," but that human rights defenders called another summary execution worthy of prosecution.
"On June 21, at the direction of the commander of US Southern Command, Gen. Francis L. Donovan, Joint Task Force Southern Spear conducted a lethal kinetic strike on a vessel operated by Designated Terrorist Organizations," USSOUTHCOM said in a statement. "Intelligence confirmed the vessel was transiting along known narco-trafficking routes in the Caribbean and was engaged in narco-trafficking operations."
"Two male narco-terrorists were killed during this action, and there were six male survivors," the statement added. "Following the engagement, USSOUTHCOM immediately notified US Coast Guard to activate the Search and Rescue system for the survivors."
More lawless killing in the Trump administration’s boat bombing campaign.Real killing in a phony armed conflict with “narco-terrorists.”This strike reportedly left 6 survivors.US record for rescuing survivors alive is…not great.
[image or embed]
— Brian Finucane (@bcfinucane.bsky.social) June 21, 2026 at 11:28 PM
According to The Intercept's Nick Turse, who has tracked all of the reported US boat bombings in the Caribbean Sea and Pacific Ocean, there have now been 66 such strikes, which have killed 215 people and left 12 survivors, based on USSOUTHCOM data.
The fate of previous boat strike survivors is not completely clear. After one April bombing, the US Coast Guard told UPI that search-and-rescue operations were called off after no signs of survivors were found. Last October, President Donald Trump said two strike survivors were repatriated to their home countries of Ecuador and Colombia, where they faced prosecution.
Survivors of some of the strikes have accused US forces of torturing them.
Relatives of people killed in previous US boat bombings, as well as officials in Venezuela and Colombia, have said that numerous victims were fishers who were not involved in the illicit drug trade.
In January, relatives of two Trinidadian fishers killed in the strikes filed a federal wrongful death lawsuit in Massachusetts.
"The summary execution of two more in an alleged drug boat brings the number of murders ordered by Trump to more than 210," former Human Rights Watch executive director Kenneth Roth said on social media. "There will come a day when he faces prosecution for these crimes."
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