Peabody Energy Criticizes Carbon Emission Plan

3 years 6 months 1 week ago Tuesday, June 03 2014 Jun 3, 2014 Tuesday, June 03, 2014 9:28:00 AM CDT June 03, 2014 in News
By: The Associated Press

ST. LOUIS (AP) - The St. Louis-based business company that touts itself as the world's largest private-sector coal company isn't too pleased about a new federal proposal to reduce carbon dioxide pollution.

The proposal by President Barack Obama's administration seeks to reduce emissions from coal-fired power plants by nearly one-third nationwide by 2030.

Peabody Energy said in a statement Monday the proposed regulation would "make energy scarce and more expensive without any material improvement in emissions."

The company says cleaner-burning coal can be cheaper than other fuel sources. Rather than limiting the use of coal, Peabody says the U.S. should invest in more efficient coal-fired power plants and research for the next generation of coal technologies.

 

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