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Saturday, 06/16/2007 1:39:38 PM

Saturday, June 16, 2007 1:39:38 PM

Post# of 5576
Despite opposition from some environmental groups, according to the Times , congressional Democrats would like to pass this subsidy bill by mid-July. This would be a major boost for a host of coal-mining firms and companies that manufacture CTL-related equipment And there are already signs of movement on the CTL front. Peabody Energy is the largest coal-mining firm in the US and has been the most aggressive in promoting and investing in CTL. The company recently announced a plan to pledge 1 million short tons per year of coal and a $10 million investment in an Illinois CTL plant. Peabody has also been among the most-vocal firms in lobbying Congress for CTL subsidy legislation.

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