Lights Out At Big Game Offers Compelling Demonstration To Counter Those Who
Envision World Without Coal
ST. LOUIS, Feb. 4, 2013
ST. LOUIS, Feb. 4, 2013 /PRNewswire/ -- Peabody Energy Chairman and Chief
Executive Officer Gregory H. Boyce commented this evening that the disruption
in New Orleans offered a convincing visual demonstration to counter those who
have envisioned a world without coal.
"Coal is the world's fastest growing major fuel and provides more electricity
than any other energy source," said Boyce. "Without coal, you might as well
turn off half the lights not just for our favorite games but also for our
cities, shops, factories and homes."
While some have unrealistically called for a phasing out of coal-fueled
electricity, Boyce noted that such projections ignore the fact that coal fuels
the world's best economies and is projected to become the world's largest
energy source as early as this year.
Boyce has advanced The Peabody Plan, which would:
oEliminate energy poverty by ensuring that half of all new generation is
fueled by coal;
oReplace older coal plants with advanced new technologies;
oDevelop at least 100 major carbon capture, use and sequestration projects
around the world;
oDevelop significant coal-to-gas, coal-to-chemicals and coal-to-liquids
projects globally in the next decade; and
oCommercialize the next generation of technologies to achieve near-zero
The power outage in New Orleans is an echo of an award-winning advertising
campaign Peabody Energy has implemented at sporting events, where the power
temporarily goes out on stadium scoreboards before fans are reminded that coal
fuels more power than any other fuel.
Peabody Energy is the world's largest private-sector coal company and a global
leader in sustainable mining and clean coal solutions. The company serves
metallurgical and thermal coal customers in more than 25 countries on six
continents. For further information, go to PeabodyEnergy.com and
SOURCE Peabody Energy
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