It’s Time to Take Coal Off Life Support

Bloomberg Editorial Board: “Coal-fired electricity is becoming ever less profitable. That’s the good news — or it should be, since it gives power companies greater incentive to embrace cleaner and cheaper sources of energy.”

“The declining profitability of coal is an opportunity to save consumers money and reduce reliance on a dirty power source. Coal-fired power plants spew more than atmosphere-warming carbon dioxide.”

“The transition away from coal won’t happen all at once. Renewable energy cannot yet supply the steady volume of power that coal has long been able to provide. Even refitting a plant to burn natural gas rather than coal takes time and money.”

“But make no mistake: As an energy source, coal is in decline. By acquiescing to requests to delay this inevitability, regulators aren’t helping energy companies, their customers or the environment.”

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