This week, the Obama administration announced new regulations for carbon dioxide emissions from new power plants.
When the Environmental Protection Agency determined that carbon dioxide emissions were endangering the public in 2009, Ron Surdam, Director of the Carbon Management Institute at the University of Wyoming, says he saw the writing on the wall: there would be a cap on new power plant emissions, which is exactly what the EPA announced this week.
A bill that would have changed the way the coal industry is taxed has died after the sponsor removed the bill from consideration. Senate Revenue Committee Chairman John Hines says that’s because the bill would cost the state too much money.
“It showed a loss to the state of originally several million dollars,” says Hines. “So we had worked on it the whole time as being revenue neutral, and with the thoughts this year that our income is going to be down in the future there is a lot of concern about reducing the coal income which is one of our major sources of income.”
A recently signed deal and another in negotiation will allow some Powder River Basin coal to be shipped to overseas customers through the Gulf Coast and possibly East Coast ports. The Casper Star-Tribune (http://bit.ly/zP4eHe ) reports St. Louis-based Arch Coal, which owns a number of Powder River Basin coal mines, has signed a deal with Kinder Morgan Energy Partners LP to ship coal from the company's mines to customers in Europe and elsewhere from the Gulf Coast. The announcement came in Arch's annual report released Friday.