NewEnergyNews: Coal Must Go

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  • FRIDAY WORLD HEADLINE-Seven Global New Energy Trends
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    Founding Editor Herman K. Trabish

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  • TODAY AT NewEnergyNews, November 20:

  • TODAY’S STUDY: How Green Is The Tech World?
  • QUICK NEWS, November 20: The U.S. Is Starting To Get It; New Energy Buying Goes Mainstream; House, Senate To Face Off Over Wind Support

    Thursday, June 29, 2017

    Coal Must Go

    Coal on limited lifespan as CCS hopes go up in smoke

    Giles Parkinson, 29 June 2017 (REnew Economy)

    “The coal industry is facing a new crisis…[after] Southern Co finally gave up on its much-vaunted Kemper coal gasification and CCS project, after costs soared from $1.8 billion to more than $7.5 billion, and it realized it wasn’t going to work…[Southern Co will] cease operations immediately on the coal component of the project, and just use the asset as a gas generator. Shareholders already saddled with $3.1 billion of losses face a further $3.4 billion write down if Southern Co can’t convince regulators to pass those costs on to consumers bills…The spectacular failure of the Kemper facility – more than $7.5 billion for a 582MW plant, the most expensive in US history per MW – comes amid a renewed call for new coal generation to be stopped in its tracks, and for existing coal generation to be wound back rapidly…[In the just-published Three years to safeguard our climate, more than 60 scientists and prominent leaders recommend a six-point plan, including no new coal generators post 2020, accelerating wind and solar and other renewables, retiring all coal-fired generators and boosting electric vehicles…” click here for more

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