Coal support still not as strong as that of renewables (sorry ACCCE)
March 4, 2016 | By
Barbara Vergetis Lundin
The American Coalition for Clean Coal Electricity (ACCCE) is touting the results of a Morning Consult poll, which appears to indicate an increase in support for coal-based electricity. In the meantime, Oregon is increasing its clean energy stakes and activists are taking Citigroup to task in New York and California for its coal activities.
The national poll conducted by Morning Consult revealed that
54 percent of registered voters 'totally approve' of the use of
coal to generate electricity, compared to 32 percent who
'totally disapprove,' and 14 percent who have no opinion. Last year, Citi enacted a policy to reduce coal mining investments and promised billions in financing for green energy. Despite this policy, Citigroup has entered into negotiations to finance the purchase of three large coal mines in New Mexico and Colorado from coal giant, Peabody Energy, according to RAN, to the tune of $650 million. "As a bank that claims to be a leader on climate change, Citi has no business financing operations that double down on coal," said Ben Collins with Rainforest Action Network. In Oregon, meanwhile, a new law, SB 1547, doubles Oregon's access to renewable energy -- raising the state renewable energy law to 50 percent renewables by 2040. Under the bill, electricity allocated to PacifiCorp and PGE customers would not include any coal-fired generation by January 1, 2030, except for a small amount associated with PGE's minority ownership of Colstrip, which will be excluded no later than 2035, according to Jennifer Martin, partner at Stoel Rives in Portland. For more: © 2016 FierceMarkets, a division of Questex, LLC. All rights reserved. http://www.smartgridnews.com/story/coal-support-still-not-strong-renewables-sorry-accce/2016-03-04 |