Posts Tagged "North America"

“Even though we are in the foothills of coal country, it was not outrageous for us to look at energy efficiency and renewable energy as one of the pathways to helping this community transform.”

– Bobby Clark of Midwest Clean Energy Enterprise.Clark, on efforts to rebuild West Liberty, Kentucky with a master plan based on green buildings and renewable energy after much of it was destroyed by a tornado in 2012.

Image: KY Court of Justice via flickr creative commons license.

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“We have got a big appetite for wind or solar. If someone walks in with a solar project tomorrow and it takes a billion dollars or three billion dollars, we’re ready to do it. The more there is the better.”

– Warren Buffett, speaking to investors at Berkshire Hathaway’s annual shareholders meeting.

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“When are we ever going to be economically free, not serfs to the coal industry, unless there is economic diversity?”

– Filmmaker Mari-Lynn Evans, whose documentary “Blood on the Mountain” explores the troubled history of West Virginia’s coal industry, as quoted in a story about the state’s efforts to revitalize its economy independent of coal.

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“Market prices were kept low and highly competitive by improved hydro-electric conditions, moderate loads and the addition of about 2,300 megawatts of summer capacity — consisting mostly of solar generation.”

– From a market report by California’s grid operator showing that wholesale power prices fell 9 percent in 2016, spurred by a decline in natural gas prices, improved hydropower conditions and about 1,900 megawatts of new peak summer generating capacity from solar resources,

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“If you are tied to coal, you’ve got problems.”

– Warren Buffett, speaking to shareholders at Berkshire Hathaway’s annual meeting in Omaha, Nebraska.

Image: Fortune Live Media via flickr Creative Commons

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 “The future for coal in the United States? There is no future.”

– Former Duke Energy CEO and Chairman Jim Rogers, speaking at the release of a new report calling coal’s decline one of the most “spectacular market collapses in equity history.” The combined market value of the four largest U.S. coal companies fell from $33 billion to $150 million in five short years.

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“Responsible policymakers should be honest about what’s going on in the U.S. coal sector – including the causes of coal’s decline and unlikeliness of its resurgence – rather than offer false hope that the glory days can be revived.”

– From an analysis examining the prospects for a recovery of U.S. coal production and employment, which concludes that President Trump’s efforts to roll back environmental regulations are unlikely to materially improve economic conditions in America’s coal communities.

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“At the end of the day, West Virginia may not require us to be clean, but our customers are. So if we want to bring in those jobs – and those are good jobs, those are good-paying jobs … we have to be mindful of what our customers want.”

– Chris Beam, the new president of Appalachian Power, on historic changes in the electric power industry and why his company is not planning to build any more coal-burning power plants, choosing instead to emphasize cleaner sources of power.

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