Coal industry seeks to recast itself as clean energy player
President Donald Trump has questioned the science behind climate change as “a hoax” in positioning himself as a champion of coal. The three largest U.S. coal producers are taking a different tack.
Seeking to shore up their struggling industry, the coal producers are voicing greater concern about greenhouse gas emissions. Their goal is to frame a new image for coal as a contributor, not an obstacle, to a clean-energy future — an image intended to foster their legislative agenda.
Executives of the three companies — Cloud Peak, Peabody and Arch Coal — are going so far as to make common cause with some of their harshest critics, including the Natural Resources Defense Council and the Clean Air Task Force. Together, they are lobbying for a tax bill to expand government subsidies to reduce the environmental impact of coal burning.
The technology they are promoting is carbon capture and sequestration — an expensive and, up to now, unwieldy method of trapping carbon dioxide emitted from coal-fired power plants before the gas can blanket the atmosphere and warm the planet.
“We can’t turn back time,” said Richard Reavey, vice president for government and public affairs at Cloud Peak Energy. “We have to accept that there are reasonable concerns about carbon dioxide and climate, and something has to be done about it. It’s a political reality, it’s a social reality, and it has to be dealt with.”
The coal executives say the steady gains of renewable energy — along with robust environmental regulations in recent years, many of which they still oppose — are not sufficient to stabilize the climate and still meet energy needs in the years to come.
They reason that coal and other fossil fuels will still dominate the fuel mix for the next several decades, and that only capturing carbon from coal-fired and gas-fired power plants can meaningfully shift the world to a low-carbon future.
A similar, at least partial metamorphosis has taken place in the oil and gas and utility industries in recent years with mixed results, although there has been progress in expanding the deployment of renewables like wind and solar for power and in the capture of methane in oil fields to stem a powerful greenhouse gas. The coal executives argue that given the same incentives and subsidies as renewables, carbon capture and sequestration can also take off.