Slowing Down the Coal Train

Thanks in part to mounting attacks from a variety of sources (including Climate Progress), we can be more optimistic about the future of restrictions on coal plants.

TXU Corporation, a major Texan energy provider, once had 11 new coal-fired plants slated for construction. Drawing environmental criticism, TXU stock prices fell, leading to interest in the company from two large equity firms to purchase it. With a $45 billion price tag, the companies have succeeded and, to an extent, so have the envirionmental groups.

Now only three of the original plants will be built and TXU has committed to reduce greenhouse gas emissions and increase investment in its customers energy efficiency efforts. The pressure on this issue has been huge: it has come from politicians, grassroots work, and experts alike.

It’s a small victory with larger implications, according to one NY Times editorial. The main implication is for federal legislation – and with business, political and civil interests involved, the timing is ripe.

4 Responses to Slowing Down the Coal Train

  1. Janis Mara says:

    You know, not only is this a great victory and a positive omen for the future (at least, I hope so; hoping that other companies will take heed. This is a huge deal) but it’s part of a cluster of developments in just one week regarding coal. Jame Hansen, NASA’s top climatologist, called for a moratorium on new conventional coal-fired plants; Texas Lawmaker “Doc” Anderson (R-Waco) introduced legislation calling for a moratorium on permits for new coal-fired power plants. And a UN panel also concluded that no more conventional coal plants should be built.

    Finally, state regulators told Duke Energy to scale back iplans to build 1600 new megawatts of coal-fired capacity near Charlotte, N.C. Good news, eh?

  2. Mr. Mom says:

    Good news indeed

  3. Thanks for writing about this, I missed that article.

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