MARKETS

Senate powers through clean coal bill

THE Senate recently passed a bill authorizing the US$2 billion Clean Coal Power Initiative for development of clean coal technologies and additional funding for basic coal research and development.

Staff Reporter

The National Mining Association said the bill was an important step toward ensuring affordable and reliable for America’s energy users.

"The Clean Coal Power Initiative and the basic coal research and development program included in the measure will allow coal-based electricity generation to continue the unprecedented progress made in meeting our energy needs while achieving dramatic environmental improvements,” NMA CEO Jack Gerard said.

“We are hopeful this important step will lead to Congressional passage of a comprehensive energy measure by year-end," he said.

Similar to legislation approved by the House earlier this year, the bill also allows tax incentives totalling US$1.9 billion to encourage commercialization of advanced clean coal technologies. This measure is the same bill passed by the Senate last year. It was substituted late yesterday when the body became delayed in its consideration of this year's version of the proposal.

“The renewable portfolio standard and the climate change provisions in the Senate-passed version can only add costs and uncertainty when our economy can least afford it, and we will urge that those provisions be deleted in the House-Senate conference on the bill, " Gerard said.

"The action taken by the Senate, coupled with the President's proposal for FutureGen, which will showcase environmental technologies while maximizing the use of our most abundant domestic energy source-coal, point to a bright energy future for this country," he said.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.