Coal will keep fueling national and world energy needs for decades to come, but that doesn't have to mean a dirty-power future, coal-industry executives told a House committee yesterday.
Many environmental advocates have contended that technology to trap greenhouse gases emitted by coal-fired power plants is years away and will come only at a tremendous cost.
But executives of Peabody Energy, Arch Coal and the Rio Tinto mining company, along with the head of the Ohio Coal Association, told lawmakers that clean-coal technology must be developed before steep penalties on emissions are put in place by federal regulators or climate-change legislation.
"We can provide a safer and cleaner path for coal in the future," said Gregory H. Boyce, chief executive officer of St. Louis-based Peabody Energy, the world's largest private-sector coal company. "Deployable (clean-coal) technology should be available before legislation. We need to take the time to get this right."
Just so I'm straight. Carbon pricing legislation will provide incentives to develop clean coal technologies. But legislation shouldn't be considered until clean coal technologies are developed.
Ok, got it.