Quote:
Originally Posted by Tinordi
Nice try. Coal power is a huge lobby in the U.S. Sure coal is on the down and outs, largely because not besides policy.
Anyway, the EPA stated in their final regulations that coal will decline, but that the regulations will speed it up and decline it by more than it otherwise would.
There's not diminishing the political capital that has gone into those regs. Something that the Harper Government can no where compete.
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That is so hilariously not true.
Coal generation is on the outs entirely because of the economics to generate. It has nothing to do with environmental policy. If coal suddenly became a cheaper alternative I guarantee it would shift back regardless of policy.
I work in the supply chain from coal extraction to power generation with some of the biggest companies in the industry. There is a reason companies like Peabody Energy stock is down over 90% in 48 months, and it sure isn't environmental policy. It's the cost of gas.
Using the US environmental legislation on coal generation to champion your argument is probably not the best idea here. It has more holes than a Chinese brothel.