Economics
New York Is the Latest State to Join Worldwide War on Coal
- Regulators and market forces are ganging up on dirty fuel
- Cuomo pledges to make New York power coal-free by 2020
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Coal already has plenty of enemies, from global climate negotiators to market forces. Add New York to the list.
Governor Andrew Cuomo vowed this week to shut down all the state’s coal-fired power plants by 2020. The Empire State isn’t the biggest to make such a commitment -- that would be California, where a mixture of legislation and lawsuits adds up to a timetable for phasing out coal. But Cuomo became the first governor to move out of the coal-generation business by administrative fiat.