New policies from the Environmental Protection Agency will force several coal-powered facilities to shut down soon, said James Wood, deputy assistant secretary for the Department of Energy. Wood said the enforcement of new regulations for emissions, water pollution and waste management could slash coal-generated electricity production by 70 gigawatts. "Number one, electric rates are going to go up," he said. "Number two, whether or not construction jobs in the green industry are created, I think there's virtually no manufacturing jobs that are likely to be created from the replacement of coal."

Related Summaries