Coal industry expects more regulation under Obama's second term

Coal Power

Following President Barack Obama's reelection for a second term, some in the energy industry are expecting to face tougher restrictions as he continues to tackle climate change.

A Washington Post blog reported Obama's second term could have significant implications for energy and climate policy, and the bigger initiatives taken during the last four years are not likely to be repealed. This includes strict fuel economy standards on automobiles as well as regulations on coal-fired power plants.

According to Bloomberg, coal stocks in the United States took a hit after Obama was reelected Tuesday, November 6. Peabody Energy Corp. and Alpha Natural resources fell by 9.6 percent and 11 percent, respectively. Arch Coal Inc., Consol Energy Inc., James River Coal Co. and Walter Energy Inc. also reported declines.

An analyst told Bloomberg that many see another Obama term as a negative for the coal industry, as the Environmental Protection Agency increased its regulatory oversight on the industry under the president's first term.

The day of the election, the EPA approved a five-year permit for the last coal-fired power plant in Connecticut. The Bridgeport Harbor Generating Station has been in operation since 1961 and generates 529 megawatts of energy, enough to supply electricity to 530,000 homes.

PennEnergy's research area provides details on clean coal.

Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Russia bids for vast Arctic territories at UN

Russia, the U.S., Canada, Denmark and Norway have all been trying to assert jurisdiction over parts of the Arctic, which is believed to hold up to a quarter of the planet's undi...

Otary picks Aconex for offshore wind power development

When completed in 2018, the 288-megawatt, 20-square-kilometer wind power farm will generate an estimated 1.1 to 1.2 gigawatt hours per year. 

Latest Energy Jobs

View more Job Listings >>