April 5, 2017 Read More →

Rhetoric Surrounding Coal Moratorium ‘a Lot of Noise’

SNL:

Coal proponents are cheering the end of the moratorium on federal coal leasing while environmentalists decry the order, but an academic calls the rhetoric “a lot of noise.”

“It’s not economics, it’s politics,” Robert Godby, the director of the Center for Energy Economics and Public Policy at the University of Wyoming, told S&P Global Market Intelligence. “The downturn in coal production wasn’t due to not having coal to produce, it was due to not having customers to send it to. The moratorium being lifted does nothing to change that.”

Tom Sanzillo, the director of finance for the Institute for Energy Economics and Financial Analysis, which has the stated mission “to accelerate the transition to a diverse, sustainable and profitable energy economy and to reduce dependence on coal and other non-renewable energy resources,” said in a release that the decision to reverse the moratorium “will not affect core trends” and that “we see zero impact on employment.”

($) Rhetoric surrounding coal moratorium ‘a lot of noise,’ academic says

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