Steel Products Prices North America
June 5, 2017
Coal Industry Favors Withdrawal from Climate Agreement
Written by Sandy Williams
The U.S. coal industry (Trump’s favorite: “I happen to love the coal miners.”) supports the U.S. withdrawal from the Paris climate accord, citing its effect on coal and the economy.
“We believe that abiding by the accord, without significant changes, would have substantially impacted the U.S. economy, increased electricity costs and required the power sector to rely on less diverse and more intermittent energy,” said a statement from Peabody Energy Corp, the largest coal producer in the United States. “Peabody continues to advocate for greater use of technology to meet the world’s need for energy security, economic growth and energy solutions through high-efficiency low-emissions coal-fueled power plants, and research and development funding for carbon capture.”
