Word: coal
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...head start. Portland, Ore., which zeroed in on global warming beginning in 1993, has already slashed emissions by 13% per capita, partly by building light rail and 730 miles of regional bikeways. In Austin, Texas, the city-owned utility was able to cancel construction of a 500-MW coal-fired power plant--planned to power 50,000 homes--thanks in part to an intensive green building program that offers energy-efficiency audits to all residents and businesses, retrofits schools and installs insulation and shade screens to reduce sunlight in low-income housing. "We're frustrated by the lack of national...
...Rogers runs a power company that spews 62 million tons of carbon dioxide into the atmosphere each year. That's a lot of greenhouse gas. But you won't find him on the hit list of environmental crusaders. The CEO of Cinergy, a utility with nine coal-fired plants in Indiana, Ohio and Kentucky, Rogers is an outspoken advocate of regulating carbon and imposing a price on emissions. His position makes him a renegade within his industry, which officially opposes any regulatory scheme that would force power companies to cut carbon emissions. It makes Rogers more likely to be invited...
...sooner. And as the CEO of a publicly traded company, he has to make decisions that will affect shareholders decades in the future. Power plants have life spans of 50 years, and if carbon is taxed, the fuel calculus of those plants changes radically. "We're very dependent on coal," says Rogers, "and if you're going to have earnings growth that's sustainable over a long period of time, you [need] certainty on the carbon issue...
...board of a merger with Duke Energy, Rogers is poised to run one of America's largest utilities, and he aims to lead by example. In recent years, Cinergy has spent $1 billion to increase its use of cleaner-burning natural gas, including $200 million to convert a coal-fired plant, and Rogers has cut Cinergy's reliance on coal from 87% of its fuel to 73%. He has pledged to reduce Cinergy's CO2 emissions 5% below 2000 levels by 2012, and he is investing in projects to sequester carbon in forests. Rogers is evaluating coal- gasification technology...
...Hansen: I should note that I don't make policy and my opinions are personal. We do need a strong disincentive for exploitation of the "worse than coal" energy sources such as tar sands and shale...