Coal industry lobbyists and politicians have been urging the Obama administration to ease up on its regulatory agenda and craft carbon dioxide emission rules that would allow the coal industry to survive.
All the while, reports indicate that hundreds of coal plants are slated to be shut down in the coming years.
The unveiling of President Obama’s plan to cut carbon dioxide emissions from coal-fired power plants earlier this summer stoked the fears of coal supporters who have already been hit hard by stricter environmental regulations.
However, the industry is not going down without a fight.
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7 comments:
Where is the big mouth Richard Trumpka now that he is needed? After his efforts of campaigning for Obama, he has gotten screwed. How's that working for you Trumpka???
Unreal let the POWER GO OUT AT THE WHITEHOUSE....FM Morons...
they voted for him! so they got what they deserved! democrats!
This has been his plan all along...he even said it--he wants energy costs to "skyrocket". People don't know the estimated costs--look for bills a good 8 times higher than they are now...quote from new story:
Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.”
The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.
Why the massive price increases? Andy Ott from PJM stated the obvious: “Capacity prices were higher than last year's because of retirements of existing coal-fired generation resulting largely from environmental regulations which go into effect in 2015.” Northern Ohio is suffering from more forced coal-plant retirements than the rest of the region, hence the even higher price.
These are not computer models or projections or estimates. These are the actual prices that electric distributors have agreed to pay for new capacity. The costs will be passed on to consumers at the retail level.
I truly feel sorry for those in this industry. I believe coal is needed as one form of energy.
That being said they are union and unions overwhelmingly supported him.
You get what you voted for. Change. And the above poster was correct. NObama never tried to hide it. He said it over and over. Why oh why doesn't the American public listen?
8:15 But, Lil Wayne said he is what we needed. And, Justin Beiber wore a "change" shirt once. He has to be the real deal!
The bottom line is that Obama is trying to destroy the United States. This was in his plan, along with Obamacare.
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