Coal on the offensive
In the wake of setbacks to new coal powerplant construction in the face of likely carbon legislation, the coal industry has mounted a serious PR blitz, led by a group called Americans for Balanced Energy Choices (ABEC).
ABEC is a national non-profit organization with a claimed membership of 150,000, whose acknowledged primary funding source is "America's coal-based electricity providers" -- including such big-boys as American Electric Power (NYSE: AEP), Duke Energy (NYSE: DUK), First Energy (NYSE: FE) and Southern Company (NYSE: SO). Not to mention large coal companies such as Arch Coal (NYSE: ACI) and CONSOL (… Read more