The U.S.
“Buckeye Power has invested more than $1 billion in environmental controls over the past 20 years,” says Pat O’Loughlin, Buckeye’s president and CEO. “To put it in perspective, that’s over half of everything we’ve invested in the entire history of our company, and those investments have produced dramatic results in cleaner air, cleaner water, and significantly reduced solid waste such as ash.”
Until recently, the demand for electricity in the United States has been mostly steady, growing a little less than 4% over the past 20 years. Constant improvement in the efficiency of home appliances, air conditioning and heating systems, light bulbs, even electronic chargers, combined with an “offshoring” of many industrial facilities, largely offset the increase in demand that came from an influx of new homes and electric-powered innovations.
Today, however, things look dramatically different.
The United States Environmental Protection Agency’s new rule on greenhouse gas emissions from power plants will, if implemented, have severe negative consequences not only for Ohio but for our entire nation.
The rule requires existing coal-fired power plants to nearly eliminate the carbon dioxide they emit by first capturing the carbon that’s produced when coal burns and then pumping it deep underground. The rule requires compliance by Jan. 1, 2032.
