origin energy ceo grant king-alternate view

http://www.businessspectator.com.au/bs.nsf/Article/KGB-INTERROGATION-Grant-King-pd20090820-V43N8?OpenDocument&src=sph#given

Interesting quote below

It’s important to remember that black coal is far less carbon-intensive than brown coal and if you substituted black for brown, you would have an enormous reduction in carbon emissions in Victoria. Now, the other way of getting there is these coal-drying projects, where the aim is to make brown coal like black coal and so it’s very important and when you go back to the compensation arguments, it’s very important to understand that what the brown coal generators own is two assets; a brown coal resource and a power station built to run on brown coal. If coal-drying works, then that reduces brown coal’s carbon. The carbon in terms of our brown coal begins to look more like black coal and there is still substantial value in the resource that’s owned by those generators and therefore why should they be compensated for it.