WASHINGTON, June 25 (Reuters Point Carbon) – The United States will stop financing most coal-fired power plants abroad and urge other nations and development banks to do the same as part of the administration’s international strategy to combat climate change.Obama's Ambitious Global Warming Action Plan - NYTimes.com
Of course this climate plan is just rhetoric until it is translated into on-the-ground actions. And the most significant steps, such as the rule-making that would cut carbon dioxide pollution from existing power plants, will take a decade or more to come to fruition.The President’s Climate Action Plan – the good, the bad, and the ugly | Watts Up With That?
But if you doubt the reality of this shift, just look at the news coverage from Monday of the drop in the price of shares in coal companies ahead of the speech.
My take on this: I think what is going on here with this document is that Obama is throwing environmentalists a bone, especially with coal power plant restrictions mentioned, while at the same time telegraphing that KXL is likely to happen.
1. Multiple citations of the crazy idea that carbon dioxide is “carbon pollution”, when it is essential to almost all life on Earth.
The phrase “carbon pollution” is mentioned 21 times.
2. Equating carbon dioxide to mercury and arsenic, which is just nuts.