BP: Tax and Regulatory Policies Can Keep Coal in Ground, Lower Global Carbon Emissions

SUGAR LAND--March 12, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The February 14 release of BP plc's (NYSE:BP) (London, England) long-term energy outlook contains a brief section on coal, under the scenario titled "evolving transition" (ET)--essentially a "business as usual" case. In that scenario, global coal use "stagnates around current levels," a change from the prior 20 years when coal use was the largest source of energy growth. But that scenario doesn't have to come true if nations, through regulation and tax policies, adopt measures to keep the black rock in the ground, BP said. Within this article: How BP sees the future of fossil-fueled and renewable energy in different scenarios--specifically, with or without stronger regulations and careful tax policies.