us coal industry target of obama rules

Interesting that Obama, doesn't want other countries to have coal power stations.

"I'm calling for an end of public financing for new coal plants overseas unless they deploy carbon-capture"


What has the US been doing for the last 100+ years, with all of the coal power feed stations around the US? Its funny that now that the US has another source of energy, Shale gas and hydraulic fracturing for oil, which has pushed US oil output to its highest level in 17 years.


As Phillip has said in his last post below, which when you think about it, its all right for the US to use coal for 100+ years.....But now they don't need the coal for themselves, they will still want to EXPORT THE COAL TO CHINA.....But they DON'T WANT OTHER COUNTRIES TO BUILT COAL POWER STATIONS!


"And the poorer countries of Asia, India and Africa just don't have the cash or the luxury of worrying about climate impact"

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The US coal industry, under increasing pressure at home after President Obama's call Tuesday for tougher anti-pollution rules, is ratcheting up a more promising part of its business: exports.

According to the most recent data from the Energy information Administration, coal exports set a monthly record in March, driven largely by rising demand from its top customer, China, and other Asian countries. While domestic consumption has had recent dips, exports have steadily climbed from 39.6 million short tonne in 2002 to a record 125.7 million short tonne last year.

Mr Luke Popovich, spokesman of the National Mining Association, said that "Many coal producers are looking offshore as a way to offset softer markets in the United States."

Mr Popovich said that US demand for coal has dipped because of relatively low natural gas prices and electric use, but he expects it will rise again. He says federal regulations on coal fired power plants are a more lingering problem.

He said that Obama's new proposal to cut greenhouse gas emissions from US coal fired power plants will do little to help the climate, because increasing amounts of coal are being burned worldwide.

As part of his plan to tackle climate change, Obama directed the Environmental Protection Agency on Tuesday to work with states and industry to develop carbon pollution standards for existing power plants. His administration proposed such limits for new plants last year but delayed issuing final rules in April.

Mr Obama in a speech at Georgetown University said that "We limit the amount of toxic chemicals like mercury and sulfur and arsenic in our air or our water, but power plants can still dump unlimited amounts of carbon pollution into the air for free. That's not right, that's not safe, and it needs to stop. He said technological advances can help reduce pollution by capturing and storing carbon so it's not emitted into the air.”

Mr Obama added that the United States can't go it alone. I'm calling for an end of public financing for new coal plants overseas unless they deploy carbon-capture technologies. I urge other countries to join this effort," he said, adding that his administration will launch talks to help other countries build a low-carbon economy.


http://www.coalguru.com/north_america/us_coal_industry_target_of_obama_rules_expands_its_exports/10733



Good luck to all that hold RES