St. Louis-based coal company Peabody Energy (NYSE: BTU) has seen its stock price plummet since 2011, but that has not stopped the company from spending big dollars on lobbyists to work over politicians and government officials in Washington, DC.
In a potentially devastating move for the Washington, DC coal lobby, Duke Energy has announced that it is canceling its membership with the controversial American Coalition for Clean Coal Electricity (ACCCE).
While it's a sad fact that corporate and industry interests regularly write the basis for much of our Federal legislation, there has been some impressive political maneuvering from the coal and utility industry around the Waxman-Markey American Clean Energy and Security (ACES) Act. In many ways, the ACES bill reads like a wish list for the coal
That doesn’t sound like “clean energy” to me.
A lot of other people in North Carolina agree.
Here’s a clip of it. Pay close attention to the bolded part. Not what we want to hear.