Enviro-Whack jobs are celebrating the demise of America‘s most abundant energy resource, coal. Because coal has just been given the death sentence by Obama and the EPA.
"If old King Coal isn't dead already, he's certainly teetering toward life support," said Frank O'Donnell, president Clean Air Watch in Washington.
The EPA has issued new proposed rules on carbon emissions that will help Obama keep one campaign promise: Builders of new coal fired power plants won’t be prevented from building coal-fired power plants, they’ll just go bankrupt if they try.
“Proposed emission rules for new power plants unveiled by the U.S. Environmental Protection Agency (EPA) on March 27 spell the gradual demise of coal-fired power generation and entrench the current cost advantage for natural gas,” reports Reuters’ John Kemp.
If Obama can’t get the tax portion of the Cap and Tax, I guess he figures he might just as well get the cap portion done.
“The agency's proposed rule, signed yesterday, would set a standard well within the capability of modern gas-fired plants but impossible for coal-fired units to meet unless they employ (unproven) carbon capture and storage (CCS) technology.”
Even before this proposed new rule, regulators have been using a variety of stratagems to stop the construction of new coal-fired plants.
“Power developers have scrapped plans for more than 100 coal-fired electricity plants over the past decade,” says a Reuters newswire report, “due to difficulty obtaining construction and pollution permits or because they were simply too expensive.”
Last year the EPA tightened up particulate standards for every type of industry including concrete. Additionally, the agency last year used obscure visibility standards to try to put the throttle on coal-fired power plant, eliciting an eruption of protest from the GOP-controlled House of Representatives.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for January 26th, 2014 | John Ransom