ivwshane
Lifer
- May 15, 2000
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Oh, it's not because of policies? Interesting, then why did the EPA mandates have any effect at all? If it was simple market forces at play, the EPA mandates wouldn't have had any impact. Fail.
You can argue about whether the policies are bad or not. Some would say the overall impact is good, some would say not. Regardless, there is no logical argument that the policies don't negatively impact the coal industry. None.
Yeah, except reality.
http://www.bloombergview.com/articles/2015-08-04/obama-didn-t-kill-coal-the-market-did
The EPAs Clean Power Plan merely continues this trend. Consider this: More than 50 percent of U.S. electric power came from coal in 2005. Today, it is down below 40 percent. The EPAs new rules project a decline to 27 percent by 2030. In other words, we are already halfway to the EPAs goal -- seven years before its rules take full effect, and before many of the coal plant closings that are scheduled to happen over the next decade, thanks to the Sierra Club and others.

