Not shy about making bold claims, the Rolling Stone magazine has claimed that the United States is pushing environmentally destructive fossil fuels upon developing nations much like we did with cigarettes in the 1990's. Our energy analyst, Taylor Muckerman, takes the opposite stance. Thanks to companies like Peabody Energy (NYSE:BTU) teaming up with China to work on its GreenGen project, developing nations will be able to utilize fossil fuels like coal in a much more environmentally conscious way. You can add KBR (NYSE:KBR) and Southern Company (NYSE:SO) to this list as well since the two are developing coal gasification technology that they hope to take abroad once their Kemper facility is up and running. Check out the short video below for additional commentary on why Rolling Stone's argument is quite flawed in his mind.
China demands more than just more energy, and these auto makes are well aware of this
This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Southern Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.