The end of coal?

by: Jay Stevens

Thu Feb 19, 2009 at 11:50:10 AM MST

The Environmental Protection Agency is expected to act for the first time to regulate carbon dioxide and other greenhouse gases that scientists blame for the warming of the planet, according to top Obama administration officials.

The decision, which most likely would play out in stages over a period of months, would have a profound impact on transportation, manufacturing costs and how utilities generate power. It could accelerate the progress of energy and climate change legislation in Congress and form a basis for the United States' negotiating position at United Nations climate talks set for December in Copenhagen.

The implication:

This element of Obama's impending energy policy hasn't gotten nearly the attention it deserves. If he does it right, it could be the secret weapon that kills new coal plants for good -- with far greater certainty than a middling cap-and-trade program. Obama has always said, to those who were listening closely, that he plans to prevent the construction of a new fleet of dirty coal plants, if not by carbon pricing then by other means. EPA regs are the other means. Beyond that, and perhaps even more importantly, EPA regs could hasten the demise of existing coal plants.

Now. Anybody want to bet Montana's future on coal? Time to start thinking up new strategies for bringing in state revenue for schools, folks.

Don't say you weren't warned.