1/3 #VoluntaryCarbonMarket price drops 35% in 2 weeks due to media reports casting doubt on #REDD+ projects' efficacy in reducing emissions. Market confidence needs to be restored for demand to pick up.
2/3 Carbon credit buyers expected to request more supporting docs to verify quality. Market interests may shift from emission avoidance to removal projects with fewer risks and better quality credits.
1/6 $CEIX CONSOL Energy reports strong Q4 2022 results with GAAP net income of $193 million and adjusted EBITDA of $240.3 million. The company announces a dividend of $1.10/share and plans to increase shareholder returns to 35-50% of free cash flow.
2/6 PAMC sales team sold 6.2 million tons of coal in Q4, generating coal revenue of $516.3 million. Domestic coal prices remained robust but volatile due to weather, but coal burn reached 42.4 million tons in December 2022.
3/6 The company strengthened its forward contract book with an additional 8.3 million tons for delivery through 2025 and continues to prioritize safety with no employee recordable incidents at Bailey Preparation Plant and CMT in 2022.