For two years they've tried to ram through big rate hikes on coal shipments--drawing an antitrust suit by utilities and an investigation by the Justice Department.
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The export coal demand is expected to grow, although at a slower rate, given the tight truckload capacity, growth in international coal prices and improving global demand, particularly from Asian economies.
It is confined to iron ore and coal, and charges a lower rate than an existing tax on oil and gas.
We're putting this economy, through these governors, Mr. President, and putting this country on track to lead the world in clean coal technology which we can export -- including exporting to China, which China is building coal-powered plants at a rate of one per month -- one per month.
Plenty of power as long as the Fireman was feeding coal into the Firebox at a great rate.
Already, in the past 15 years, Indonesia's coal exports have grown at a compound annual rate of 15%.
Inside the tube, coal is being converted into natural gas at a rate that could transform the debate about one of the nation's dirtiest fuels.
And as Poland's growth rate has grown worse, so has the outlook for coal: experts now reckon the industry must slim to 80m-85m tonnes a year, and 90, 000-100, 000 jobs.
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And although unemployment is closer to the national average in the coal and steel areas around Wheeling and Parkersburg, in Morgantown the rate is 6.3%, one of the lowest in America.
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In terms of supply, CLD recently won two federal coal leases with roughly 407 million tons of mineable coal (as estimated by the Bureau of Land Management) at a rate of about 85 cents per ton.
The rule for existing sources, now under development, would work like this: Because coal and gas are combined in a single category, the EPA would cap an average rate of, say, 1, 400 pounds of CO2 per megawatt-hour.
The increase in production of both coal and oil has raised concerns about meeting carbon dioxide emissions targets, designed to slow the rate of increase in global temperatures.
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