Peabody

Sun, 2011-11-20 15:37Laurel Whitney
Laurel Whitney's picture

ACCCE Doesn't Want To Pony Up For Life-Saving, Job-Creating New Emissions Standards

The American Coalition for Clean Coal Electricity (ACCCE) is apparently trying to show the EPA its empty pockets as a new set of standards capping mercury, arsenic, acid gases, and other toxic chemicals is about to go forward. Although the new laws will save thousands of lives, the coal companies are complaining that this new ruling “is the most expensive rule the EPA has ever written for coal-fueled power plants."

However, when taking a closer look at the collective bank accounts of the 22 members of ACCCE (including some of the largest coal companies like Arch Coal and Peabody), their balance of cash is near $18 billion.

Yet, all coal companies under the new emissions reductions (including ones not associated with ACCCE) would pay a combined total of $11 billion for the new technology. Perhaps if the companies stopped spending $35 million on delusional TV ads, they could instead put it to better use for advancements that would alleviate the suffering of many and create jobs.

Estimates say that 1.5 million jobs could be created out of these improvements, but hey, $11 billion also makes a pretty awesome money pile to jump into and roll around in.

Read the original article on Grist.org.

Read more: ACCCE Doesn't Want To Pony Up For Life-Saving, Job-Creating New Emissions Standards
Fri, 2011-07-15 14:01Graham Readfearn
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King Coal Australia Plans to Price Carbon

Coal ships at Australia's Newcastle port

SO Australia’s carbon price cards are finally on the table.

From July next year, the Federal Government will look to price greenhouse gas emissions at $23 per tonne rising 2.5 per cent each year.

Then, in 2015, this is replaced by a cap-and-trade system with the price set by the market.

That’s the simple explanation. The devil is in the detail, of which there is an awful lot.

To make the plan politically acceptable, a complex array of exemptions, sweeteners, compensation measures and adjustments to the tax system have been negotiated.

Read more: King Coal Australia Plans to Price Carbon
Fri, 2011-05-13 10:12Laurel Whitney
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BREAKING: Peabody Energy Threatens To Sue Yes Men For Exclusivity

See updates below the fold!
Earlier this week, Peabody Energy was the target of a genius parody website, Coal Cares™, offering free novelty inhalers to families living within 200 miles of a coal plant along with coupons for $10 off asthma medication in lieu of spending money on pollution-reducing technology at their own coal plants. The spoof site was put together by a group called Coal is Killing Kids through the Yes Lab, a spin-off of the Yes Men.

But then, Peabody decided it wasn’t fair that they were getting all the spotlight, and had their lawyers whip up a quick legal threat. But it wasn’t the expected cease and desist letter to take down the website. Rather, Peabody complained that they were unfairly targeted because while they are the largest coal company, they aren’t the only coal company causing asthma attacks in children. 

Read more: BREAKING: Peabody Energy Threatens To Sue Yes Men For Exclusivity
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