Report: Proposed NV coal plant "poses major risks"

Innovest Strategic Value Advisors has another report out, this one being on how Sierra Pacific's planned $5 billion coal-fired facility in Ely, Nevada is very risky for a number reasons. From Innovest's April 1 press release:

Sierra Pacific Resources is exposing its shareholders and ratepayers to “significant financial and environment risks” by planning to increase the use of coal to generate electricity....Innovest calculates that the first phase of Sierra Pacific’s planned $5 billion coal-fired Ely facility will increase Sierra’s coal capacity by 180 percent and its annual C02 emissions by an estimated 93 percent compared to 2004 emissions levels.  

Pretty risky, indeed. Clicking on the press release link above will also take you to the page where you can download this report.

This is the second big coal report from Innovest in the past few weeks. I mentioned the Kansas report recently.

Comments

[Arthur Brown]

America has plenty of coal. There is no need to depend on forign supply of oil for our energy needs. Concerns for the environment have made our oil fields uselsee for us. Now the environment saviors are targeting coal. Get over the CO2 nonsense. Co2 is the greenest compound on our planet. Without CO2, no trees, flowers or grass would be able to live. The global warming hoax is dead. It died in late 2007.