Global environmental challenges
The industry suffered its second blow of the week on Friday with the cancellation of a plant in Michigan. The move by power plant developer LS Power marks the ninth such plant to be dropped in the United States so far this year, according to a count by environmental group the Sierra Club.
The company blamed regulatory uncertainty and the weak economy for the cancellation, which environmentalists cheered because coal-fired power plants are responsible for more than 30 percent of the United States’ global warming emissions.
The Michigan plant cancellation wasn’t the first blow to coal this week, either. On Tuesday, the U.S. Environmental Protection Agency withdrew a permit for a massive coal-fired plant in New Mexico that would have been built on an Indian reservation.
The announcements came within two weeks after the Obama administration opened the way to regulating greenhouse gas emissions by declaring them a danger to human health.