February 7, 2018 Read More →

Little Hope Seen for New Coal Generation in the U.S.

S&P Global Market Intelligence:

With Donald Trump in the White House and a Republican majority in Congress, the political environment on the surface would appear to be ripe for a new fleet of coal-fired power plants to find support.

But if a proposed coal-fired power plant were to beat the odds stacked against it by market conditions and technological hurdles, it still could face a steep climb in an America that is becoming increasingly aware of the environmental impacts of power generation.

“You’ve got a lot of people in the country who believe that climate change is real. A lot of people in the financial community believe it’s real,” said David Schlissel of the Institute for Energy Economics and Financial Analysis. “Politically, it would be suicidal. At least you’d get a tax break if you gave your money away to charity.”

More ($): A future for America’s ‘very, very good coal’

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