The energy industry has known for decades that federal regulators eventually would set rules under the Clean Air Act to govern emissions of mercury and other air toxics from coal-fired power...
Shale gas makes it easy to be green.
as the king of power fuels. And as demand for gas increases, prices will rise accordingly, improving the comparative competitiveness of coal.
So ironically, coal companies should be happy about shale gas, because it’s eliminating a deadly uncertainty that had trapped coal in regulatory limbo. By changing the outlook for federal GHG regulation from “inevitable, but when?” to “why bother?,” shale gas might be just the thing to keep coal in the mix for decades to come.