Green Options

Wow — the feds are suspending a major loan program for rural coal power plants, citing the risks of global warming regulations and rising construction costs at the rate of 30 percent a year. Coal plants are a big source of carbon dioxide (CO2), a major contributor to global warming and the electricity source for rural utilities is about 60 percent coal.

Abigail Dillen with EarthJustice — a law group that sued to to block the loan program because of the reasons above — put it this way:

This is a big decision. It says new coal plants can’t go to the federal government for money at least for the next couple years, and these are critical times for companies to get these plants built.

Canadian and U.S. officials are respectively discussing impending regulation to cut down carbon dioxide (CO2) emissions. Businesses in both nations are slowly getting the message and working together to prepare for – and perhaps help mold – the change.

The Canadian Council of Chief Executives reached an “unprecedented consensus” last week when they officially called for action that included “absolute” emissions cuts. A national strategy is needed, they argue, rather than the patchwork [...]