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Peabody Energy praises China’s emissions plan

Peabody Energy praises China’s emissions plan

Jul 23, 2013

Peabody Energy chairman and CEO, Gregory Boyce, has praised China’s leadership for taking steps to accelerate the use of emissions control technologies across the nation’s expanding industrial sector, while increasing the coal use that has fuelled the nation’s stunning economic development.

China’s State Council recently announced new measures to address urban air quality through rapid upgrades to pollution controls and more stringent enforcement actions, while continuing to use more coal for electricity generation, conversion to other fuels and chemicals, and steel production.

China is the world’s largest coal consumerm and has led major economies with unprecedented economic growth in recent decades.

“I commend China’s Cabinet for increasing the intensity of efforts to deploy modern emissions control technologies,” says Boyce. “The approach announced by China’s leaders has proven successful in the USin the past, allowing substantial improvement in emissions from coal-fuelled generation in recent decades.

“It addresses air quality challenges – while increasing coal use to fuel economic growth – through greater investment in, and use of, technology that is widely available.”

The Chinese government’s measures are consistent with energy policy recommendations made by Peabody at the 2013 China Development Forum (CDF) Economic Summit in Beijing.

Invited to present economic development ideas to Chinese leaders at the forum, Boyce advanced the following three recommendations:

* China should continue to assert its right to drive economic and social development and the betterment of the lives of its people though the use of the country’s abundant coal resources;

* China should follow the model proven in the United States for solving urban air quality challenges, by increasing the intensity of efforts to deploy modern emissions control technology; and

* China should adopt the principles of 21st century coal by implementing the highest standards for worker safety, resource recovery, land restoration and water use in its mining sector.

Peabody Energy is the world’s largest private-sector coal company, and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents.

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