Friday, November 2, 2012
Ding Dong Coal is Dead
A house landed on coal. Ding dong!
Sing it loudly (giddy dancing is optional but encouraged):
Ding dong coal is dead, coal is dead
Wake up, the dirty coal is dead.
It's gone where the miners go,
Below - below - below. Yo-ho,
let's open up and sing and ring the bells out.
Ding Dong' the merry-oh, sing it high, sing it low.
Let them know
Dirty coal is dead!
Ding dong coal is dead, coal is dead
(Sung to the tune of Ding Dong! The Witch is Dead from The Wizard of Oz)
What's this all about?
People in the business -- people that know more than many others about coal -- have sounded the death knell of the dirty black rock.
Andy Wappler, vice-president of corporate affairs of Puget Sound Electric recently stated, “We all know that coal is a dead end.”
Kevin Parker, the global head of asset management of Deutsche Bank, said: “Coal is a dead man walking.”
Nick Akins, CEO of American Electric Power said: “There will not be any new coal plants built.”
All together now from the top...
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