Front Porch Blog

Utilities turn from coal to gas – NYT

“A wave of public opposition to coal-burning plants, motivated partly by broad fears about global warming and partly by local aesthetic concerns, is making their construction more difficult. On Monday, Wall Street weighed in: Three big investment banks announced that in deciding whether to make loans for new coal plants, they would calculate the projects’ financial viability, taking into account potential future charges for carbon dioxide emissions.”
Story by Matthew Wald



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