It is always refreshing to hear from those who speak with some authority and knowledge on a subject, who don’t go along with the conventional wisdom.
Coal Man
There's at least one CEO left who is not buying global warming hysteria.
BY KIMBERLEY A. STRASSEL
Saturday, May 19, 2007 12:01 a.m. EDT
WASHINGTON--Every good party has its wet blanket. In the case of the energy industry's merrymaking for a global warming program, the guy in the dripping bedspread is a 67-year-old, straight-talking coal-mine owner by the name of Robert E. Murray.
You won't hear many of Mr. Murray's energy-biz colleagues mention him; they tend to avoid his name, much as nephews avoid talk of their crazy uncles. GE's Jeffrey Immelt, Duke Energy's Jim Rogers, Exelon's John Rowe--these polished titans have been basking in an intense media glow, ever since they claimed to have seen the light on global warming and gotten behind a mandatory government program to cut C02 emissions. They'd rather not have any killjoys blowing the whistle on their real motives--which is to make a pile of cash off the taxpayers and consumers who'll fund it.
And yet here's Mr. Murray, killjoy-in-chief at the global warming love-fest. "Some elitists in our country can't, or won't, tell fact from fiction, can't understand what a draconian climate change program will do [to] the dreams of millions of working Americans and those on fixed incomes," says the chairman and CEO of Murray Energy, one of the largest private coal concerns in the country. He's incensed by his fellow energy CEOs' "shameless" goal of fattening their bottom lines at the "expense of the broader economy." So these past months he's emerged from his quiet Cleveland office and jumped on the national stage, calling out the rest of his industry's CO2 collaborationists. He's testified in front of Congress; become a regular on television and radio programs; sat for profiles by journalists; and written letters to other energy companies exhorting them to think of the broader consequences.
It seems unlikely his campaign will slow the runaway global-warming train now hurtling through Washington. But Mr. Murray is certainly making the ride less comfortable for some corporate players. "For me, global warming is a human issue, not just an environmental one," he says in his slow, gravelly way, nursing a cup of coffee at a local shop here after recent congressional testimony.
"The science of global warming is speculative. But there's nothing speculative about the damage a C02 capture program will do to this country. I know the names of many of the thousands of people--American workers, their families--whose lives will be destroyed by what has become a deceitful and hysterical campaign, perpetrated by fear-mongers in our society and by corporate executives intent on their own profits or competitive advantage. I can't stand by and watch."
Tough words, and unusually brash ones for a respected CEO, though Mr. Murray is uniquely situated to deliver them. Unlike other energy executives--at industrial firms such as GE that make millions on wind turbines, or utilities such as Duke or Exelon who are making big financial bets on "clean energy"--coal CEOs such as Mr. Murray are the bad boys on the global-warming scene, and will see zero upside in a global-warming program. While the industry has certainly made advances on the real pollution front (sulfur dioxide/nitrogen oxide), coal still accounts for the vast majority of all electricity-related C02 emissions.
