Word: coal
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Dates: during 2000-2009
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...prize in Cheney's energy sweepstakes will go to a resource of which America has a 250-year supply and a nasty history: coal. Last week Cheney aides summoned its champions to a White House auditorium to give them the good news. There were West Virginia coal baron James (Buck) Harless, who raised at least $100,000 as a Bush "Pioneer"; Stephen Addington, president of Kentucky-based AEI Resources, whose executives gave more than $600,000 to Republicans last election; and lobbyists for Peabody Energy, the biggest digger in the country, whose chairman gave the Republican Party more than...
...Certainly coal has some positives. It is plentiful, accessible and cheaper to transport than gas or oil. Despite those benefits, coal was orphaned by the Clinton Administration as a sooty legacy of the Industrial Revolution, responsible for everything from acid rain to increasing incidence of asthma. And because of the high costs of pollution controls on coal-fired plants, utilities have turned to cleaner-burning natural gas for 90% of new plants. But by Cheney's estimate, the country will need at least 1,300 new electric-power plants over the next 20 years. And coal, which already generates more...
...Cheney insists that "good politics is a sound energy policy." But coal has political energy that other fuels can't match. It's plentiful in the political-battleground states of the Midwest and Southeast. West Virginia, the capital of coal, provided Bush his margin of victory in electoral votes and marked a G.O.P. breakthrough. Sources tell TIME that White House political director Ken Mehlman cited Bush's victory in that Democratic presidential stronghold as a reason why he should renounce a campaign pledge to regulate carbon dioxide, a major coal pollutant. "The current political climate is the best...
...scene is a bakery, somewhere in Europe. Customers are queueing up to make their purchases. But instead of money, they offer a pair of ice skates, a guitar, a wheelbarrow of coal, a teddy bear. A sign above the counter reads, "?-day. Expect Delays." Another says, "Barter here." If you need a further clue as to what's going on, there's a calendar displaying the date...
That's why Green Mountain has yet to see profits, although some big--and surprising--names support it. (BP Amoco and Nuon, a Dutch utility, each pumped in $50 million last fall and took over the chairmanship from, odder still, Texas billionaire Sam Wyly, an oil and coal man who is also a longtime friend of President Bush's.) The Golden State could have been a huge market, but on Feb. 1 California stripped consumers of the right to choose their electricity provider, be it green or brown...