Wednesday, June 4, 2014

Ego vobis valedico West Virginia?

From the Financial Times (US Carbon Emissions) in the Lex Column on June 2, 2014:

"US coal producers have two problems already.  Utilities have shifted away from coal to cheap natural gas for electricity generation.  And compliance with the Mercury and Air Toxins Act, which has a 2015 deadline, require investments in controlling acid and metal emissions.  These are so expensive that several coal-fired plants have already been shut.

The US Energy Information Administration has projected that 60,000 megawatts of coal-fired production, about a fifth of the total, will be retired by 2020."

But probably no ego vobis valedico in the near term.  From the same article:

"Coal production is not heading for extinction, though.  According to the EIA's base case forecast, production in 2040 will be a tenth higher than the 2012 level - suggesting than new, cleaner plants could be built or old plants refitted and run harder."

Much more likely West Virginia and others will benefit from a strong dose of innovates.

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