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Sunday, January 2, 2011

Coal's burnout

Coal's burnout
By Steven Mufson
Washington Post Staff Writer
Sunday, January 2, 2011


The headline news for the coal industry in 2010 was what didn't happen: Construction did not begin on a single new coal-fired power plant in the United States for the second straight year
...
"Coal is a dead man walkin'," says Kevin Parker, global head of asset management and a member of the executive committee at Deutsche Bank. "Banks won't finance them. Insurance companies won't insure them. The EPA is coming after them. . . . And the economics to make it clean don't work."


Read the whole thing.

Anybody who is being a hypocrite, and thinks they can continue to make money off the stuff that's killing the planet and some how survive the consequences is evil or daft.
This is a fight to preserve an Earth that will support civilization. Fights don't get more important than that.

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