Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Coal and the Campaign Trail

Details

  • Description

    ADA Environment Solutions CEO Mike Durham on the coal industry and the election.

  • Duration 2:58
  • Date

Clips

Also in this playlist...

Markets Now

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- has become a big issue on the campaign trail as for coal producing states Pennsylvania Ohio Colorado and Virginia.

Remain up for grabs Mike Durham CEO at eight -- practical solutions has served on the national coal council under both presidents bush and Obama.

He is joining us now.

From Denver might I -- and kind of go back to what we heard from candidate Romney in that presidential debate when he talked about the fact that he likes coal clean.

Cole was -- have a positive for the industry.

It was well I think that cuts -- between -- we prefer term cleaner coal because it's it's a spectrum and obviously.

The -- we can make coal.

The -- -- labels sell the greater the public acceptance and we we look at that as a positive.

Okay let's talk about these companies because a lot of these companies are dealing with kind of a double whammy at this point you've got -- more EPA regulations that are coming down the -- they're struggling to do with that we have had.

Some plans that have been closing at the same time these comments as soon to kind of give a boost to the stocks themselves.

Is the EPA do you think -- -- to back off a little bit because we do need coal and we do need electricity.

Where you really need to look at the regulations from a standpoint what's affecting the existing plants and what's affecting the the newer plants the new -- the future of the technology.

We have technologies.

To help clean up existing plant cents and the retirement of some older 5060 year old plants that may not be economical in run anymore.

And replacing them with new generation.

-- is part of the life cycle of a plant in fact that the building of the new plants.

And operating will create more jobs the issue is whether there that coal will be able to allowed to compete.

For these new power plant.

Well but the problem also discuss how to goes back to the political the political environment there -- and right now Mike is that you've got this war of words on.

Coal and that has been going on for years.

I mean is -- investigated able to take a quick -- turn here.

To still contribute to the energy grids in this country but also and higher but also.

Deal with all the regulations that they've got that are sitting on the shoulders.

Well -- absolutely the decisions made around energy are really done on a day and I decade basis and so what's happening.

A for example this year -- now I know a lot of the financial.

People got excited about.

The reduction in coal in the winner but that was primarily driven by the poor answer the -- month the -- and terrific we had a very hot summer and coal usage was at an all time high so -- coal.

Because of its importance in the energy mix is gonna survive the politics.

That issue is what's gonna happen relative to ability to build new coal fired power.

All right well we -- it is still almost -- -- in this country right now like to have Mike thank you very much important issue for us.

Thank you.

Load More