Tuesday, September 1, 2015

Plan would couple coal, carbon credits

Last month, we reported a story that raised some eyebrows, when bankrupt Patriot Coal announced it would be selling two of its mines to an environmental group. However, Virginia Conservation Legacy Fund president Tom Clarke says the move will allow the group to create a new product that will preserve both mining jobs and the environment. Clarke told Inside Climate News that the group plans to continue operating the mines, but will also plant trees for carbon credits. Those credits will then be bundled with the coal, allowing buyers to trim total emissions from burning coal by 30 percent. However, the strategy is drawing criticism from some other environmentalists. It is also not certain whether or not the EPA will allow power plants to use such a method to come into compliance with the Clean Power Plan.