Word: coal
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Dates: during 1970-1979
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...independences of France: the independence of her defense and the independence of her energy supply." So said President Valéry Giscard d'Estaing while visiting Pierrelatte, the French Los Alamos, just before last week's battle. France has no oil and very little coal, and the 1973 Arab oil boycott dramatically demonstrated French reliance on foreign energy. Since 1974, as a result, the government has organized an ambitious atomic-energy program to provide at least 40 conventional nuclear-power plants and a 1,200-megawatt fast-neutron plant that will breed plutonium fuel from uranium wastes, reducing...
...first federal strip-mining bill, which requires mining operators to restore excavated areas to their original soil condition and contours. The legislation is regarded as essential to remove the uncertainties that have prevented mining companies from making the huge investments necessary to bring about the two-thirds increase in coal production that Carter wants...
...might cause. Many people were left wondering whether there really was an energy crisis. Meanwhile, opposition to the presidential package began heating up on several fronts. The big oil companies criticized the program as lacking incentives for exploration. Conservationists bemoaned the President's emphasis on increased use of coal, which they consider an ugly pollutant...
...pause"-are based partly on expectations that neither home building nor spending by consumers or government will continue strong enough to keep business moving smartly. Other worries: the possibility of rising interest rates, the inflationary impact of the Administration's proposed energy program and the likelihood of a coal strike when miners' contracts expire in December...
...ranks with the industry and settled quickly with the unions on what other coppermen see as more than generous terms. Kennecott could well afford the settlement. The company is sitting on a comfortable cushion of $1.2 billion in cash and securities-the proceeds of an enforced sale of Peabody Coal, which Kennecott acquired in 1968, to a consortium led by Newmont Mining. The Federal Trade Commission ruled in 1971 that Kennecott's Peabody purchase violated antitrust rules barring concentration in any given industry, arguing that the company could have entered the coal business by investing its own capital. After...