Cashing In On Climate Change

Cashing In On Climate Change

To be clear, Peabody shares the goal of reducing carbon dioxide without imposing onerous burdens on people or economies. We propose a clear path that allows us to achieve our energy, economic and environmental goals. Commercializing near-zero emissions technologies through projects like FutureGen and GreenGen is core to this goal. Both power projects would capture carbon dioxide for either deep storage or use in oil fields, which would increase energy production.

Coal fuels about half of U.S. power at a delivered cost that was 83 percent below oil and 79 percent below natural gas in 2008. So as coal use has tripled since 1970 along with a tripling of the GDP, regulated emissions per megawatt hour have been reduced by more than 80 percent. Access to affordable energy, largely fueled by coal, is essential for our way of life and yes, good for the American people.

Beth, Peabody Energy of MO @ Jun 17, 2009 19:09:42 PM