Peabody Energy believes the Environmental Protection Agency’s (EPA) rules to cut carbon dioxide emissions on electricity-generating plants will hinder the US energy system, slow economic growth and increase energy costs.
It reports the push for renewables and other high-cost fuels as alternatives to coal will drive up electricity prices to new records as well as impacting jobs and households.
The company urges courts, Congress, states, consumer groups and industrial/residential electricity customers to take action to oppose the rules.
Peabody indicates a technology path – not artificial caps and taxes – is the better approach to address carbon concerns over time. It has set out an alternative policy path, which it believes will help achieve today’s environmental goal:
- Insistence on low-cost electricity.
- Investment in efficiency improvements at existing plants.
- Deployment of high-efficiency low-emissions supercritical coal plants.
- Greater research and development to commercialise next-generation coal technologies, including carbon capture, use and storage (CCS).
Read the article online at: https://www.worldcoal.com/coal/04082015/peabody-a-technology-path-is-key-to-addressing-carbon-concerns-2675/