I recall an early estimate that, of the 151 plants on the drawing boards, about 80 % would drop out of the race. These statistics suggest that all we have done is help "thin the herd" as the top 20 % are now operating or under construction.

It seems clear that these new plants are operating under the assumption that they can pass on any carbon capture costs to customers. Perhaps we need to put the financial risks back on the investors, and push the PSC to require stockholders to share the risk of any carbon control costs for plants built after 1992 (That was the year that President George Bush signed the Rio Treaty pledging the US to prevent "dangerous anthropogenic interference with the climate system".)

The advantage of such a campaign is that it shifts the debate from the question of "whether to do anything about climate change", to "who pays for it". And I suspect that a lot of consumers do not want stockholders of out-of-state corporations to get rich at their expense.

JBK

...

...

Jim Sconyers 08/17/10 3:24 PM >>>

Saw this. Good reporting as we congratulate ourselves on all the canceled coal-fired plants. Here we have inexorable expansion of GHG emissions.

Jim Sconyers jim_scon@yahoo.com 304.698.9628

Remember: Mother Nature bats last.

From: Paul Wilson To: WV Chapter Energy Committee Sent: Tue, August 17, 2010 3:17:04 PM Subject: [EC] Fwd: Yahoo! News Story - AP Enterprise: Old-style coal plants expanding - Yahoo! News

fyi, paul

---------- Forwarded message ---------- From: Ross Geredien goodmigrations@yahoo.com Date: Tue, Aug 17, 2010 at 8:59 AM Subject: Yahoo! News Story - AP Enterprise: Old-style coal plants expanding - Yahoo! News To: COAL-CAMPAIGN-ALERTS@lists.sierraclub.org

Ross Geredien (goodmigrations@yahoo.com) has sent you a news article. (Email address has not been verified.) ------------------------------------------------------------ Personal message:

AP Enterprise: Old-style coal plants expanding - Yahoo! News

http://news.yahoo.com/s/ap/20100817/ap_on_re_us/us_old_coal

============================================================ Yahoo! News http://news.yahoo.com/

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To unsubscribe from the COAL-CAMPAIGN-ALERTS list, send any message to: COAL-CAMPAIGN-ALERTS-signoff-request@LISTS.SIERRACLUB.ORG

Check out our Listserv Lists support site for more information: http://www.sierraclub.org/lists/faq.asp

Sign up to receive Sierra Club Insider, the flagship e-newsletter. Sent out twice a month, it features the Club's latest news and activities. Subscribe and view recent editions at http://www.sierraclub.org/insider/