Uncertainty Over Carbon Has Coal Plants Stymied - ENR | McGraw-Hill Construction
Keywords: ENR, construction methods, news articles, finance, equipment & materials, markets, engineering news-record, government
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Publication Date: 27-FEB-08
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Article Description| Prospects for a continuing boom in coal-plant construction in the U.S., considered bright as recently as 2006, are suffocating in a cloud of carbon-dioxide emissions. With public, regulatory and lender concern growing, many proposed plants have been cancelled. Permits issued for others require offsets for their carbon emissions, while the ones that remain in permitting are being intensely challenged. The U.S. Environmental Protection Agency must regulate carbon-dioxide emissions under the Clean Air Act, the Supreme Court ruled last year, but Congress has failed to give EPA guidelines for a national policy. Three investment banks last month announced guidelines they would use to assess the risks of investment in coal-fired generation in the absence ... |
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