The Carbon Principles
February 8, 2008 at 12:39AM
Three big banks will ask companies seeking financing for new U.S. coal-fired power plants to:
• Look at energy-efficiency options
• Look at renewable-energy options
• Determine whether plant design and local geology would allow carbon dioxide emissions to be captured underground.
• Use conservative assumptions about how many emission allowances the plant would get from the government under a greenhouse-gas cap.
• Ensure that the plant will be allowed to charge electricity rates high enough to cover the cost of buying emission allowances.
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The Minnetonka-based health insurer says the new contract “ensures continued, uninterrupted network access” to hospitals and clinics at the Bloomington-based health system.
