Trump Signs an Executive Order to Repeal Climate Policies

Repealing climate policies

On March 28, 2017, President Trump took another step to repeal numerous Obama-era climate change policies. “My administration is putting an end to the war on coal,” President Trump stated while signing an executive order that repeals the Obama Administration’s climate change policies. President Trump wants fewer regulations in the fossil fuels industry, which could stimulate job growth.

Throughout his election campaign, President Trump was very vocal about his support of fossil fuels and related industries. One of his top priorities is to scale down the EPA’s (US Environmental Protection Agency) green regulations.

The executive order asks the EPA to review the Clean Power Plan. The Clean Power Planaims for a 32.0% reduction in greenhouse gas emissions by 2030—compared to 2005. It focuses on natural gas (UNG), renewables (TAN), and the reduction of coal-based power generation. The executive order also lifts the temporary moratorium on new coal exploration on federal lands, which was imposed by the Obama Administration in 2016.

Will it really revive coal jobs?

Repealing climate policies might not have a significant impact on reviving coal (KOL) and related industry jobs. According to the EIA (U.S. Energy Information Administration), the US power industry is planning to increase natural gas–fired power generation capacity by 11.2 gigawatts in 2017 and 25.4 gigawatts in 2018. EIA data state that available coal capacity fell 15% in the last five years.

Natural gas became a favorite choice for power generators. It surpassed coal in total power generation mix last year. It should be noted that utilities’ (XLU) switch has been influenced mainly by changing power generation economics driven by low natural gas prices—not just because of regulations.

Utilities Will Be Impacted by Repealing Climate Policies

US power generation

Many utilities (XLU) such as American Electric Power (AEP), Southern Company (SO), and Duke Energy (DUK) have a coal-dominated generation mix. Lately, they have been shifting to natural gas and renewables generation. Many of these utilities are planning to invest in natural gas–fired and renewables generation in the near future, most likely due to the cost competiveness of these sources over coal.

According to the EIA (U.S. Energy Information Administration), the cost of natural gas delivered to power generators fell from an average price of $5.0 per MMBtu (million British thermal units) in 2014 to $3.2 per MMBtu in 2015. The cost averaged $2.78 per MMBtu from January through October 2016.

http://marketrealist.com/2017/03/utilities-will-impacted-repealing-...

Views: 60

Reply to This

Replies to This Discussion

Long average CO2 balance is ~2,000ppm; plants love it, comfortable for animals (who exhale around 40,000ppm).  You could burn all known coal resources and reserves and not get to half that.

To me it seems silly to restrict it here, where we do consider environmental impacts.  Countries like China produce and consume fossil fuels with little or no regard to the environment.

I'd love to see legislation that states the US will buy no oil or other products from countries that to do not at least equal our environmental standards.  I'd love to see the left's opposition to that one.

I do believe that the whole Global Warming issue has been a political construct of the international Left as a redistribution scheme. Drain the U.S. to the enrichment of their chosen recipients...

Also vaulted CC to top of the world's gravy train roster, to the detriment of society and science.  Now that US is bailing, fascinating to watch whose $$ will keep being passed and pissed out.

Keep it coming President Trump!  Nothing pleases me more than to see a demon's empire being taken apart one brick at a time. 

RSS

Attention:

 

 

Please view our mission, policy, and legal disclaimer to learn about us by visiting the main menu.  Thank you.

PLEASE SIGN THE PETITION!

AGENDA 21/2030

http://bit.ly/2mqIVmH 

CONTACT CONGRESS!

Let your voice be counted!

House:  http://1.usa.gov/mHZjgo

Senate:  http://1.usa.gov/3UAs

 

 

PLEASE PRAY FOR OUR NATION.

 

 

national debt

Founders' Corner

Latest Activity

kwicgov55 liked Fundamental Refounding's discussion Trump plans to release JFK Assassination Documents
16 hours ago
kwicgov55 replied to Fundamental Refounding's discussion Fri Tids 10/20/17 TOP TID Senate Passes Budget Resolution Paving Way for Tax Reform
"Great info. Shared."
16 hours ago
kwicgov55 liked Fundamental Refounding's discussion Fri Tids 10/20/17 TOP TID Senate Passes Budget Resolution Paving Way for Tax Reform
16 hours ago
Robin replied to Robin's discussion HANNITY: New Evidence Proves Clinton-Russia Collusion
"Panama Papers Reveal Clinton’s Kremlin Connection John and Tony Podesta aren’t fooling…"
20 hours ago
Bruce O'Hara replied to Fundamental Refounding's discussion Trump plans to release JFK Assassination Documents
"I remember that, after the Warren Commission study, the govt stated that all of the files would be…"
yesterday
JeansBrother replied to Fundamental Refounding's discussion Trump plans to release JFK Assassination Documents
"For a government OF the people, BY the people and FOR the people, there are certainly a lot of…"
yesterday
Robin replied to Robin's discussion HANNITY: New Evidence Proves Clinton-Russia Collusion
"Grassley wants 'gag order' lifted for FBI informant allegedly 'threatened' by…"
yesterday
Robin liked Fundamental Refounding's discussion Trump plans to release JFK Assassination Documents
yesterday
Robin replied to Fundamental Refounding's discussion Trump plans to release JFK Assassination Documents
"JW Lawsuit Forced National Archives’ Release of Kennedy Docs A Judicial Watch lawsuit has…"
yesterday
Fundamental Refounding replied to JeansBrother's discussion NRA-ILA GRASSROOTS VOLUME 24, NUMBER 41
"Thank you for posting this. The gun grabbers never stop. Sharing this! "
yesterday
Fundamental Refounding liked JeansBrother's discussion NRA-ILA GRASSROOTS VOLUME 24, NUMBER 41
yesterday
Fundamental Refounding replied to Robin's discussion HANNITY: New Evidence Proves Clinton-Russia Collusion
"Both the House and Senate opened investigations into this Uranium One deal and Muller is in this up…"
yesterday
Fundamental Refounding posted discussions
yesterday
Rick replied to Robin's discussion HANNITY: New Evidence Proves Clinton-Russia Collusion
"Obama DOJ threatened FBI informant if he spoke to congress regarding his knowledge of the Uranium…"
yesterday
JeansBrother posted a discussion
yesterday
JeansBrother replied to Robin's discussion HANNITY: New Evidence Proves Clinton-Russia Collusion
"So, does anyone know what shuts off Mueller's investigation(s)?   When must he quit?"
yesterday

TRAFFIC



© 2017   Fundamental Refounding.   Powered by

Badges  |  Report an Issue  |  Terms of Service