Download now: Oil Price Outlook 2024

Wyoming Coal Threatened by Clean Power Plan

Keith Kohl

Written By Keith Kohl

Posted September 23, 2015

Wyoming mines about 40% of the United States’ coal, and claims that the industry provides 23,000 jobs to the state. So I’m sure you see why the recent attacks on coal energy have left the state worried for one of its largest markets.

Remember, Obama’s new Clean Power Plan has begun the cut of U.S. emissions rates, mainly through an increase in renewable energy sources and a reduction of coal use.

Earlier this year, the first of several expected regulations on the disposal of coal waste came into effect. These included stricter containment of dry coal ash to keep it out of groundwater and out of the air. Similar rules about pond-containment methods are next.

Wyoming CoalAdditionally, every coal power plant in the country is required to cut its own individual emissions level by 1,305 pounds of carbon dioxide per megawatt hour.

Coal accounts for 75% of the electricity sector’s emissions, and without major technological advancement the most logical way to cut down on those emissions would be to cut down on coal use.

And yet some people still don’t see this as the final sign of death for coal energy.

You see, several states were already planning to shut down coal power plants before the CPP’s regulations came into play.

For instance, New Mexico utility PNM already had two coal units at the San Juan Generating Station planned for closure. The state also has its own energy-efficiency standards. Between the two, the new CPP regulations on coal won’t be too much of a blow to the state’s economy.

In fact, they may prove profitable. Should New Mexico be able to exceed the plan’s emissions goals, it will have clean energy credits to sell to other states.

Wyoming University energy economist Rob Godby recently led a study that showed how the CPP could cut the state’s coal production between 34% and 50% depending upon how much coal energy capacity the state is able to keep under the new guidelines.

“This isn’t the death of coal,” Godby insists.

Unfortunately for the coal industry, it still sounds rather like a death knoll. The CPP is only the next step in a global movement towards clean, sustainable power sources. And with carbon limits increasing and carbon taxes on the horizon, even the country’s current cheapest energy source could become uneconomical in the years to come.

To continue reading…

Click here to read the Summit Daily News article.

Until next time,

Keith Kohl Signature

Keith Kohl

follow basicCheck us out on YouTube!

A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.

For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.

Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter.

Angel Pub Investor Club Discord - Chat Now

Keith Kohl Premium



Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.