Coincidence that Coal Industry applauds POTUS Donnie’s rejection of the Paris Climate Accord while Oil Industry’s reaction is the opposite – PB/TK
How the US coal industry is reacting to the Paris Climate Accord withdrawal – By Veronica Stracqualursi / June 2 2017
While the global reaction to President Donald Trump‘s decision to withdraw from the Paris Climate Agreement was largely critical, at least one energy industry important to Trump celebrated his decision to break from the accord — the coal industry.
Four of the five largest coal producer companies in the United States supported Trump’s move, citing their belief that remaining in the Paris Agreement would have impacted the U.S. economy negatively.
“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,” Peabody Energy Corp, the largest coal producer in the United States, said in a statement.
“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.”
The second biggest coal producer in the U.S., Arch Coal, said the president is a “tremendous advocate for coal and its essential role in America’s future energy mix, and we support the decision to withdraw from the Paris Agreement.”
“Looking ahead, we know that he will be looking to ensure a strong American economy, a competitive U.S. manufacturing sector, a reliable and resilient power grid, and a vibrant U.S. steel industry, while at the same time ensuring a clean and sustainable environment,” Arch Coal said in a statement.
Continue to abcnews.go.com article: http://abcnews.go.com/Politics/us-coal-industry-reacting-paris-climate-accord-withdrawal/story?id=47789832
