Those trading in Carbon Credits should be limited to citizens of the countries committed to Kyoto. Close the markets and limit the wealth.

Sen. Kerry bill to halt Texas coal power plant construction (click on)

Last Update: 4:33 PM ET Feb 15, 2007
WASHINGTON (MarketWatch) -- Sen. John Kerry said Thursday he would soon introduce legislation that would prevent 16 planned coal-fired power plants from being built in Texas if they don't include technology that would capture carbon dioxide.

Speaking at a Global Legislators Organization for a Balanced Environment summit hosted by the Senate, Kerry, D-Mass., said the planned coal-fired power plants would be contributing too much of the greenhouse gas emissions thought to cause global warming if the plants were allowed to be built without capturing carbon dioxide.

Kerry's office declined to elaborate on the details of the bill, saying the Senator was still drafting the legislation.

TXU Corp. (TXU) plans to build 11 of the 16 power plants planned for Texas.

Environmental groups have criticized TXU's planned coal plants, saying the plants will emit millions of tons of carbon dioxide each year.

Some investors have also expressed concern over the growing possibility that new federal rules limiting carbon dioxide emissions will burden TXU's plants with new and potentially exorbitant costs.

The proposed plants will use conventional coal-burning processes that can't be adapted to reduce carbon dioxide gases.

The company said, however, that it has set a goal of reducing the carbon dioxide output of these plants by 2020 to levels equal to an efficient natural gas-fired power plant. That target will require the development of new technologies that aren't now on the market to reduce the output of a conventional coal-burning plant.

-Contact: 201-938-5400

This is the
effort of the USA? Texas is going to glut the troposphere with carbon dioxide while this is occurring in Canada? Oh, really? Am I proud of my country yet?

Ont. claims coal-fired emissions below 1990 levels (click on)

Feb 15, 2007 02:09 PM Canadian Press
Ontario's greenhouse gas emissions are below 1990 levels and almost a third lower since the Liberals took office in 2003, Energy Minister Dwight Duncan said today but the Opposition disputed those figures and claimed the government has done little to reduce emissions.

Duncan said the province has engineered a 32 per cent drop in power generation from coal-fired plants over the past three years and is the only North American jurisdiction committed to closing such plants.

While the Conservatives claimed the decrease in emissions is simply a result of more nuclear power coming online and not due to any government strategy, Duncan said the Liberals are getting the job done.

"The coal numbers are going down, period, even though demand is going up," Duncan said in an interview.

"Wind, biomass, solar – and yes, nuclear – all of them are going up ... because we're getting out of coal. When we came to office, coal accounted for 25 per cent of our energy mix. Today, it's 16 per cent. That's a reduction of a third, and we're going to keep going in that direction."

But Conservative Leader John Tory said it was disingenuous for the Liberals to take credit for lowering emissions when they simply benefited from more available nuclear energy and didn't work to make the coal plants cleaner.

"It takes a lot of gall for the McGuinty government to take credit for reduced emissions when they've done absolutely nothing proactive on their own to bring about a reduction on emissions," Tory said in an interview.

"It's good news of a sort, but when I think of how much could have been done in terms of cleaning up some of the emissions from those (coal) plants, and actually making some real progress as opposed to posturing behind a promise they've broken so many times you can't keep track, I think it's scandalous."

Premier Dalton McGuinty originally promised to close the coal plants entirely by 2007, but later changed the date to 2009 and then again to 2014, Tory noted.

Duncan admitted the reduced power generation from coal plants won't speed up the government's plan to close the facilities, but insisted progress is being made.

"We think the target dates as laid out by the (Ontario Power Authority) are realistic ones: 2011 for closure, probably to 2014 to keep some of them open as insurance," Duncan said.
"But the point here is that even though we aren't able to close them right away, we're making steady and measurable and dramatic progress in terms of emission reduction."

The government says emissions of sulphur dioxide and nitrogen oxide last year were at their lowest levels since 1983, when Ontario began collecting data.

Since 2003, the government says, carbon dioxide emissions are down 29 per cent, sulphur dioxide has been reduced 44 per cent, and nitrogen oxide emissions have declined 46 per cent.
In December, Environment Canada released figures indicating coal-fired power stations were among Canada's biggest polluters in 2005.

The agency said Canada's single largest polluter was the Nanticoke power station owned by Ontario Power Generation, where emissions rose 20 per cent in 2005 over 2004 levels to 17.6 million tonnes.

Nanticoke is one of the largest coal-fired electricity producers in North America.

OPG spokesman John Earl has said Nanticoke's emissions appeared more substantial because it is a massive 4,000-megawatt plant made up of eight regular-sized power-generating units joined together.

Duncan said he intends to cut back on the need for nuclear power and wants to harness more wind energy.

"Nuclear as a percentage of our overall supply is going to go down under our plan from 50 to 41 per cent," Duncan said.

"We're going to maximize wind power, we're going to work with our communities, with First Nations, to ensure everybody shares in the benefit and everybody understands the benefits."