House Energy and Commerce Oversight and Investigations Subcommittee hearing, "EPA’s Regulatory Threat to Affordable, Reliable Energy: The Perspective of Coal Communities." Civic leaders, coal trade group representatives to testify.
Hydraulic fracturing has allowed West Virginia to expand natural gas production, offering the state a chance to boost incomes and long-term resource wealth not offered by coal, National Journal reports.
Environmental Protection Agency Administrator Gina McCarthy has been staging a media blitz to sell President Barack Obama's plan to curb carbon emissions from power plants. This week, the coal industry fights back.
Coal miners and coal companies are taking to Capitol Hill to make their case that Obama's EPA is a threat to their jobs and low electricity costs. They'll be backed by coal-state lawmakers, who will unveil a draft bill to limit EPA powers and will stage their first hearing to air coal country criticism of McCarthy and Obama.
House Natural Resources Energy and Mineral Resources Subcommittee hearing, "EPA vs. American Mining Jobs: The Obama Administration’s Regulatory Assault on the Economy." West Virginia Coal Association Senior Vice President Chris Hamilton, Alaska Department of Natural Resources Deputy Commissioner Edmond Fogels among witnesses.
The head of a key coal trade group sought to persuade the Obama administration to slowly phase in carbon capture requirements for new coal-fired power plants, and plans to continue making that argument.
"We put forward standards. I don't believe that you should just be against things, I think you need to have solutions," Robert "Mike" Duncan, president on the American Coalition for Clean Coal Electricity, told the Platts Energy Week television show on Sunday.
One of big question marks under President Barack Obama's climate plan is the amount of carbon that must be cut from power plants to reach his goal of reducing emissions 17 percent by 2020.
Environmental Protection Agency Administrator Gina McCarthy has contended that actual emissions reductions will be worked out with the states in advance of a proposal by next June. But one clue to the magnitude of the challenge was included in the Climate Action Report issued by the State Department on Thursday.
The report said Obama's target could be reached through overall annual energy sector carbon cuts from 8 percent to 12 percent by 2020, on top of reductions already expected from current regulations.
Environmental Protection Agency Administrator Gina McCarthy will make the case often in the coming months that proposed new power plant carbon regulations don't represent a war on coal, because no new coal plants were going to be built anyway.
Her critics accuse her of ignoring the cost of complying with EPA's mercury rule that will make old coal plants too expensive to upgrade. But what gives McCarthy confidence is the natural gas boom that President Barack Obama has embraced _ and must continue to encourage _ if he is to achieve his greenhouse gas reduction goals.
China's once-massive demand for coal appears to be waning as the nation looks to cut pollution and switch power sources, forcing some mining firms worldwide to look into more marketable commodities, The Wall Street Journal reports.
Sen. Joe Manchin of West Virginia on Wednesday became the first Democrat to announce his opposition to President Barack Obama's nominee to lead the Federal Energy Regulatory Commission.
Manchin, an advocate for coal-fired power, said the day before that he was troubled by the testimony of former Colorado utility regulator Ron Binz during his Senate Energy and Natural Resources confirmation hearing. In a statement declaring he would vote against his confirmation, Manchin said he has "grave concerns" about how Binz would chair FERC, a move that adds new uncertainty to the nominee's confirmation chances.
The Senate Foreign Relations Committee is set to vote on its version of a Ukraine aid measure Wednesday, but inclusion of language on IMF reform could make it difficult to get the House to agree on the bill, The Hill reports.
EPA's inaction so far on carbon limits for major stationary sources beyond power plants, such as refineries, means the agency may not manage to do so under the Obama administration, National Journal reports.
NRG Energy Inc. is expanding in different parts of the country, buying Dominion Resources Inc.'s retail energy business and taking on California-based Edison Mission Energy, the Houston Business Journal reports.
Angry landowners in parts of Pennsylvania are claiming they've been shortchanged on royalties from Chesapeake Energy Corp., fueling a debate in the state over payment deductions, The Wall Street Journal reports.
FuelCell Energy Inc. was the most actively traded stock in U.S. markets Tuesday morning, hitting a multiyear high in intraday trading before closing lower, shares in Plug Power Inc. also finished down, Marketwatch reports.