NRDC Expert Blog
On Monday President Obama announced EPA's new safeguards to clean up America's power plants, putting an end to the era of unlimited coal plant pollution. Within hours, the air was filled with complaints that the standard is too tough on states where coal dominates the power market.
Co-authored by Andrew Stevenson, independent financial analyst.
Over the past year the Big 3 of the US coal industry (Peabody Energy, Arch Coal, and Alpha Natural) have seen their combined market cap fall from $6bln to $350mln and their funding rates soar from 8% to 65%.
In June, EPA proposed the first-ever carbon pollution standards for fossil-fuel power plants. Since then, a bevy of pundits have been busy finding fault with various aspects of the proposal. For th
Let me start by saying I am not going to be talking in this blog about the most important issue presented by EPA’s proposal to cut carbon pollution from existing power plants. That key issue is how m
It’s big news that ExxonMobil (XOM) has agreed to report on the risks to its fossil fuel assets in a world that comes to terms with the reality of climate disruption.