Rise of Shale Gas Doesn’t Mean Coal’s Death: Rogers

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Dec. 18 (Bloomberg) -- Jim Rogers, chairman of the board at Duke Energy, talks with Tom Keene about the future of coal energy in today’s “This Matters Now” on Bloomberg Television’s “Bloomberg Surveillance.”

Of the shale energy revolution?

His cold dead?

: is not dead.

-- coal is not dead.

China and india will continue growing their use of coal to be able to bring electrification to those countries.

In the united states, you see a weaning from coal moving to shale gas.

Shale gas has been the most important development in the last 15 years in our country.

You have the greatest access to smart people to tell you about fracking.

Do you have a confidence that we can do shale hydrocarbons in a safe manner?

Now i have great confidence in our ability to identify the problem from the water is an issue, the chemical mix is an issue, the release of methane is an issue.

Smart people are at work, solving those problems.

It is going to be transformative to our country.

Think about this -- because of the use of shale gas, our emissions of co2 are the same as they were in 1992, even though we have more people in the country and a much larger economy.

That is a consequence of the innovation associated with the development of gas.

I have to ask you this -- there was a utility revolution, utilities went off and did things.

You generated shareholder return in the recent decade.

What did you do write that the other utilities did wrong?

-- do right that the other utilities did wrong?

I focused on the business.

There were a hundred utilities in the united states, they're only 50 today.

What i did was consolidate three different companies together and as a consequence, we reduced cost, become more effective in operations, and that is put us in a stronger position to provide lower-cost service to

This text has been automatically generated. It may not be 100% accurate.

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