Bloomberg News to US coal industry: Knuckle under to Obama climate rules or ‘die’
Bloomberg News editorializes:
The coal industry is warning that proposed federal regulations on new coal-fired power plants will effectively ban their construction. To which there are at least three rational responses: First, what new plants? Second, probably not forever. Third, that might not be a bad thing…And what if, despite all that, the coal industry’s warnings come true? There’s a small chance those predictions are accurate, and that new caps on carbon emissions will indeed mean an effective and indefinite ban on new American coal plants. To which our answer is, ruining the atmosphere is too high a price for protecting one type of power when others are available.We can’t keep insisting that climate change is a concern while taking no meaningful steps to stop it. For the American coal industry, there are two choices: adapt, or die.
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