1 Coal Company for President Obama's Climate Plan

Several opponents of President Obama's climate initiatives he unveiled in Tuesday's speech have said that the president has declared a "war on coal," and that these initiatives will kill the industry. This was probably the expected response from coal, but one company is turning that logic on its head. Peabody Energy (NYSE: BTU  ) released a statement immediately following the president's climate change speech in support of many of the carbon emission limits he outlined. To do their part, the company is pledging to develop better carbon sequestration techniques, improve efficiency generation technology, and advance cleaner coal generation practices in developing nations. 

Seems a bit counterintuitive. doesn't it? When you consider that the majority of carbon emissions from coal comes from the burning of that coal, though, it makes sense for coal miners to help utilities burn it cleaner because it keeps the coal industry as a viable entity. Find out how the coal industry might be able to find a home in a world where a focus on carbon emission limits are the norm: Fool.com contributors Tyler Crowe and Aimee Duffy share the details in the following video. 

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  • Report this Comment On June 30, 2013, at 2:05 PM, rob2777 wrote:

    With the increased supply of natural gas coal is simply not needed anymore. Utilities are rapidly switching from coal to natural gas.

  • Report this Comment On June 30, 2013, at 4:56 PM, tigerade wrote:

    I am very skeptical about the economic viability of carbon capture. But, if they want to do it, go ahead. I would rather the coal industry develop technologies to reduce carbon pollution, instead of trying to fund the really disgusting climate change denial industry.

  • Report this Comment On July 01, 2013, at 12:07 AM, fabbit wrote:

    I own BTU and a couple of coal stocks, but I am no expert on the coal industry. I think BTU is making the right move, what this company and others may do is to secure, in my opinion, additional support for research to improve coal as a major source of energy at competitive prices -- including funding for government and academic institutions or organizations to work with the coal companies such as BTU on the problems. I am not convinced that "climate change" is not proven by science, because what happen is China -- water and air pollution, among other things -- indicate that there are serious effects of continuing carbon emissions.

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