According to the Wall Street Journal, the coal industry is struggling to build new plants, because of fear of climate change. It’s a long story, so I’ll put a couple of other excerpts (one relating to Florida) below the fold, but here’s the lede:
From coast to coast, plans for a new generation of
coal-fired power plants are falling by the wayside as states conclude
that conventional coal plants are too dirty to build and the cost of
cleaner plants is too high.
[cut]
As recently as May, U.S. power companies had announced
intentions to build as many as 150 new generating plants fueled by
coal, which currently supplies about half the nation’s electricity. One
reason for the surge of interest in coal was concern over the higher
price of natural gas, which has driven up electricity prices in many
places. Coal appeared capable of softening the impact since the U.S.
has deep coal reserves and prices are low.
But as plans for this fleet of new coal-powered plants
move forward, an increasing number are being canceled or development
slowed. Coal plants have come under fire because coal is a big source
of carbon dioxide, the main gas blamed for global warming, in a time
when climate change has become a hot-button political issue.
Kit Stolz 