Coal Age

JUL 2015

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The late June decision by the U.S. Supreme Court revealed just how reckless the Environmental Protection Agency (EPA) has become. In Michigan v. EPA (See News, p.4), several states and industry groups, including the National Mining Association, challenged the EPA's mercury rule for power plants, which would have essentially forced most of the coal-fired power plants to close as part of the Obama administration's Climate Action Plan. A Supreme Court that made several landmark decisions — it bent over backward to support the Affordable Care Act (Obamacare) and it ruled in favor of gay marriage — acknowledged that the regulatory overreach by the Obama administration and the EPA was just too much. The ruling was a huge win for people and businesses that rely on inexpensive power from coal. One of the terms that is conveniently omitted from the carbon and climate change discussion is "stationary." Coal-fired power plants are the largest stationary emitters of CO 2 . Remove the word stationary from that sentence and it makes the coal business look bad. The term stationary is used to distinguish power plants from internal combustion engines, which are a very large source of emissions worldwide. The auto and petroleum lobbies have much deeper pockets than the mining and power generation business, so the EPA, the environmental nongovernmental organi- zations, sovereign wealth funds and the Catholic Church overlook the automobiles churning out the smog in most of the metropolitans areas. Environmental activists, for the sake of global climate change, convinced Norway's sovereign wealth fund (Norges Bank Investment Management) to dump all of its coal-related investments (See World News, p. 6). The people of Norway are the richest people on Earth. They (all 5.1 million of them) own the fund, which is estimat- ed to be worth $890 billion, making each Norwegian worth approximately $175 mil- lion. Where did the fund get the money? Oil from the North Sea. Vattenfall, another company suffering from carbon guilt, recently sold one of its power plants in Denmark (See World News, p. 6). Vattenfall is a Swedish power com- pany, owned by the Swedish government; the same Swedish government that con- tributes to the Clinton Foundation. It's also trying to offload its lignite-fired power plants in Germany. Readers should note that they are not converting the plants; they are selling them. The carbon footprint has not been reduced; they are just getting them off their books. Finally, if coal didn't have enough detractors, the Catholic Church has weighed in on the climate debate. Pope Francis published the Encyclical on Faith, the Environment and the Modern Industrial Economy. In it, he says climate change has grave implications. The world needs to get its priorities and facts straight. We have a much bigger job as far as educating the masses about the value of low-cost energy from coal than we ever perceived. Coal Age, Volume 120, Issue 7, (ISSN 1040-7820) is published monthly by Mining Media Inc., 10 Sedgwick Drive, Englewood, Colorado 80113 (mining-media.com). Periodicals postage paid at Englewood, CO, and additional mailing offices. Canada Post Publications Mail Agreement No. 40845540. Canada return address: Station A, PO Box 54, Windsor ON N9A 6J5, Email: circulation@mining-media.com. Current and back issues and additional resources, including subscription request forms and an editorial calendar, are available online at www.coalage.com. SUBSCRIPTION RATES: Free and controlled circulation to qualified subscribers. Non-qualified persons may subscribe at the following rates: USA and Canada, 1 year, $56.00, 2 year, $96.00, 3 year, $162.00, Student, $16.00, Outside the USA and Canada, 1 year, $77.00, 2 year, $137.00, 3 year, $225.00 surface mail (1 year, $145.00, 2 year, $257.00 airmail delivery). For subscriber services or to order single copies, write to Coal Age, 8751 East Hampden, Suite B1, Denver, CO 80231 USA; call +1.303.283.0640 (USA) or visit www.mining-media.com. ARCHIVES AND MICROFORM: This magazine is available for research and retrieval of select- ed archived articles from leading electronic databases and online search services, including Factiva, LexisNexis, and Proquest. For microform availability, contact ProQuest at 800-521- 0600 or +1.734.761.4700, or search the Serials in Microform listings at www.proquest.com. POSTMASTER: Send address changes to Coal Age, P.O. Box 1337, Skokie, IL 60076 USA. REPRINTS: Mining Media Inc, 8751 East Hampden, Suite B1, Denver, CO 80231 USA phone: +1.303.283.0640, fax: +1.303.283.0641, www.mining-media.com PHOTOCOPIES: Authorization to photocopy articles for internal corporate, personal, or instructional use may be obtained from the Copyright Clearance Center (CCC) at +1.978.750.8400. Obtain further information at www.copyright.com. COPYRIGHT 2015: Coal Age, incorporating Coal and Coal Mining & Processing. ALL RIGHTS RESERVED. www.mining-media.com Mining Media International Editorial Office 1 1655 Central Parkway, Suite 306 J acksonville, Florida 32224 U.S.A. P hone: +1.904.721.2925 F ax: +1.904.721.2930 Mining Media International Corporate Office 8 751 East Hampden, Suite B1 D enver, Colorado 80231 U.S.A. P hone: +1.303.283.0640 F ax: +1.303.283.0641 P resident/Publisher—Peter Johnson, pjohnson@mining-media.com Vice President of Sales & Marketing—John Bold, jbold@mining-media.com Midwest/Eastern U.S. & Canada, Sales—Victor Matteucci, vmatteucci@mining-media.com Western U.S. & Canada, Sales—Mary Lu Buse, mlbuse@mining-media.com Scandinavia, UK and European Sales—Colm Barry, colm.barry@telia.com G ermany, Austria & Switzerland Sales—Gerd Strasmann, info@strasmann-media.de Australia/Asia Sales—Lanita Idrus, lanita@mining-media.com Japan Sales—Masao Ishiguro, ishiguro@irm.jp Indonesia Sales—Dimas Abdillah, dabdillah@mining-media.com Latin America Sales—Paulina Downey, paulina@downeyassociates.cl / Sylvia Palma, sylvia@downeyassociates.cl Classified Advertising—Kirk Carbo, kcarbo@mining-media.com Show Manager—Tim Fearney, tim@semcoproductions.com Production Manager—Dan Fitts, dfitts@mining-media.com BY STEVE FISCOR / EDITOR-IN-CHIEF Carbon and the Climate Change Dogma e d i t o r ' s n o t e 2 www.coalage.com Steve Fiscor, Coal Age Editor-in-Chief sfiscor@mining-media.com E d i t o r - i n - C h i e f — S t e v e F i s c o r , s f i s c o r @ m i n i n g - m e d i a . c o m W e s t e r n F i e l d E d i t o r — R u s s C a r t e r , r c a r t e r @ m i n i n g - m e d i a . c o m F i e l d E d i t o r — D o n n a S c h m i d t , d s c h m i d t @ m i n i n g - m e d i a . c o m E u r o p e a n E d i t o r — S i m o n W a l k e r , s i m o n . i e t s @ b t i n t e r n e t . c o m L a t i n A m e r i c a n E d i t o r — O s c a r M a r t i n e z , o m a r t i n e z @ m i n i n g - m e d i a . c o m A s s i s t a n t E d i t o r — J e n n i f e r J e n s e n , j j e n s e n @ m i n i n g - m e d i a . c o m G r a p h i c D e s i g n e r — A u s t i n S t . C l a i r , a s t c l a i r @ m i n i n g - m e d i a . c o m

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