Obama said "I urge the Congress to find a solution between the two parties, and market-based climate," refer to the plan that had stalled in Congress for years to reduce greenhouse gas emissions. "But if Congress does not act soon to protect future generations and will. I will direct my coming up with executive actions that we can take, now and in the future, to reduce pollution, to prepare our communities to the effects of climate change, and the speed of transition to more sustainable sources of energy. "
Opportunity Conference will be very low. Senator in Florida, Marco Rubio, the Republican appeal, that "our Government cannot control the weather."
What this likely means that the coal industry faces continued pressure to clean power plants.
Related: bright spot in China's coal binge
Coal is used to produce about 40% of electricity in the country, with a heavy concentration of plants in the Midwest. Cheap source of energy, but it's dirty. Coal emits about twice as much carbon dioxide as natural gas, which can also be used to produce electricity.
Obama administration has been targeting coal since taking office, pass a series of regulations that do not address carbon emissions specifically but ultimately limited by restricting the output of other hazardous pollutants, such as mercury. Pending regulations, combined with the low prices of natural gas, and this has already caused utilities begin using more natural gas to coal, and somewhat sharp reduction in coal shipments.
The Administration also is close to reduce carbon emissions from new coal plants. This is part of the reason why there are very few new coal plants under construction.
Some fear that Obama may move to restrict carbon on existing coal plants, as well.
"The impact can be economic ruin," said Luke, spokesman for the National Mining Association, which represents the coal industry.
He was transferred to the Labour Union study the jobs mining, railways and utilities 250,000 can be lost if there were shutdowns of large coal-fired power plants. He also said that the high electricity bills for some customers.
But it is not clear if Obama will actually go that far — or even if he needs to.
Simply continue with the mercury rule (to be implemented by 2015) and systems of new coal plants, along with continued low natural gas prices, the electricity produced will be reduced another 20% from coal by 2020, according to the engineering and consulting firm Vitek & Black.
"Very ambiguous terms. "I'm not convinced it will move more quickly on existing coal plants," Divya Reddy, an energy and natural resources analyst at Eurasia Group, a political risk advisory body.
Tough talk might indicate Obama Tuesday simply that he is not prepared to back down on proposed regulations. That may not be enough to satisfy the environmental base, but obviously it's not good news for the coal industry.
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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