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It is anticipated that President Biden’s Environmental Protection Agency (EPA) will soon release new and expanded regulations that will result in coal’s demise. EPA is expected to release six new rules covering everything from carbon to coal ash, which are expected to trigger new coal plant retirements as the cost of keeping coal plants operational with the […]
Coal generation worldwide is expected to increase to a new record in 2022, driven by robust coal power growth in India and the European Union and by increases in China. In Europe, high natural gas prices led to fuel switching to coal in electricity generation. However, both natural gas and coal generation increased due to […]
“No one is building new coal plants because they can’t rely on it, even if they have all the coal guaranteed for the rest of their existence of the plant,” Biden said at a recent event touting his administration’s economic policies in Carlsbad, California. He continued to tout: “We’re going to be shutting these plants down all […]
A federal judge reinstated a moratorium on coal leasing from federal lands that had been implemented during the Obama administration and was lifted under President Donald Trump. The ruling from U.S. District Judge Brian Morris requires government officials to conduct a new environmental review prior to resuming coal sales from federal lands. According to the judge, the government’s […]
According to the University of Pennsylvania’s Wharton school, “The Inflation Reduction Act of 2022” championed by Senator Manchin and Senator Schumer likely would not reduce inflation at all. The study, from the Penn Wharton Budget Model, estimates the proposed bill would cause inflation to ‘very slightly’ rise until 2024 then possibly decline after that. Overall, the researchers indicate […]
The Manchin/Schumer ”Inflation Reduction Act“ keeps and extends the $7,500 tax credit on electric vehicles and removes the numerical cap but there are a number of stipulations related to obtaining the full credit, one of which is where the battery materials are made. To qualify for $3,750 of the credit, an increasing share of a vehicle’s battery […]
President Biden’s goal is a net-zero economy by 2050. According to an International Energy Agency (IEA) report, to reach net-zero emissions by 2050, governments should refuse to approve any new oil and gas fields, as well as any new unabated coal power plants by the end of 2021, and new sales of fossil fuel boilers […]
As the American Products and Power bus tour powered through the end of September, the American Energy Alliance traveled to the heart of coal country in Boone Country, West Virginia. The AEA team was fortunate to meet the men and women who work tirelessly and with great pride to power America with affordable, reliable energy. […]