Tag Archive for ‘Coal’
In March 2012 the U.S. Environmental Protection Agency (EPA) proposed the first nationwide emission standards to limit carbon dioxide emissions from new coal- and gas-burning power plants. And while the operative word here is “new,” they would effectively cut carbon emissions in half over the lifetime of a new power plant.
It’s probably safe to say that Don Blankenship had something to celebrate with the new year. Last Friday, the CEO of Massey Energy retired, and according to company disclosures he received $2 million that day. He’ll get another $10 million in July, plus consulting fees for two more years, CNN reported.
The primary way governments around the world are trying to “green” their own economies today is by increasing investment in—and, by extension, creating jobs in—industries on the cutting edge of non-polluting renewable forms of energy, such as solar and wind power.
Can poor corporate governance practices serve as an indicator of bad management, higher risk and – potentially – disaster? In the case of Massey Energy Corp., operator of a West Virginia coal mine where at least 25 people were killed in an accident this week, the answer is yes, according to a leading corporate governance research firm.
The advent of electric cars is not necessarily a boon for the environment if it means simply trading our reliance on one fossil fuel—oil, from which gasoline is distilled—for an even dirtier one: coal, which is burned to create electricity.