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Company Response

28 Jul 2015

Author:
Peabody Energy

Peabody Energy’s response

Peabody has a long record of advocating solutions to help keep energy costs low and achieve the world’s economic and environmental goals.  The company has invested $300 million in low-emissions, low-carbon projects and partnerships in the United States, China and Australia toward the ultimate goal of near zero emissions. 

Coal delivers the lowest cost electricity of any major fuel and is a major part of our energy future, set to surpass oil in coming years as the world’s largest energy source. If we are serious about achieving ambitious environmental goals, we should work together to advance greater deployment of clean coal technologies and accelerate commercialization of carbon capture and storage for broad energy and industrial applications. 

Peabody’s actions and activities in these areas are extensive:

  • Peabody was a lead developer for the Prairie State Energy Campus, one of the largest new high-efficiency low-emissions U.S. coal-fueled plants built in the past three decades. The plant achieves key emissions rates that are 75 percent lower than the U.S. fleet average. 
  • Peabody is the only non-Chinese equity partner in the signature GreenGen power plant and carbon research center in Tianjin, China, which ultimately would capture carbon dioxide for enhanced oil recovery. 
  • In Australia, Peabody has committed $18 million to the Coal21 Fund to develop next-generation coal technologies and continues to support research and development of technologies as a founding member of the Global Carbon Capture and Storage Institute in Canberra.
  • Peabody is a founding member of the U.S.-China Energy Cooperation Program and the Consortium for Clean Coal Utilization, which are advancing research toward advanced coal technologies and next generation carbon capture and storage.   
  • The company has reduced its environmental footprint through engineering and operational efficiencies across the global platform.  In 2014, total greenhouse gas emissions and greenhouse gas intensity continued to decrease for the fifth consecutive year.

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