A coal giant rethinks coal

Battered by the financial crisis and under pressure from the Sierra Club and other environmental groups, the Houston-based energy giant Dynegy announced that it is abandoning plans to construct six coal-fired power plants.

The company announced that it would be dissolving the 50-50 joint venture with LS Power, a New York-based energy company. That venture, launched in 2007, sought to build coal-fired plants in Arkansas, Georgia, Iowa, Michigan, Nevada, and Texas.

By Eoin O’Carroll

Full Story: http://features.csmonitor.com/environment/2009/01/07/a-coal-giant-rethinks-coal/