“As Americans suffer through immense wildfires, rising coastal flooding and an epic hurricane season, the nation’s corporations want you to believe they are coming to grips with the climate crisis.
Among the companies pledging bold emissions cuts are those that generate America’s electricity, which emit more than a quarter of the nation’s global-warming pollution. Yet, that same industry is about to make a strategic error that could render meeting its own goals far more expensive, if not impossible.
As they shut down costly and dirty coal-burning power plants, the electrical companies are planning to build 235 gas-fired power stations across the country, according to our analysis of figures compiled from commercial databases by the Sierra Club. The companies claim these are needed to replace the coal plants, and to balance fluctuations in electricity generation from rising levels of wind and solar power. This investment in new gas plants would exceed $100 billion.
If the plants are built, along with the pipelines to support them, they are likely to run for 30 or 40 years — long past the point that emissions from the electrical grid need to approach zero if we are to have a reasonable climate future.”