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Press Room:  For Immediate Release 
Explore, Enjoy and Protect the Planet

FOR IMMEDIATE RELEASE

February 20, 2008

 

Contact:

Virginia Cramer, 202-675-6279

 

 

TAKING ON “AMERICA’S COAL-FIRED POLLUTER #1:”

SIERRA CLUB LAUNCHES CAMPAIGN TO CLEAN UP DYNEGY

 

WASHINGTON, D.C.: Today, the Sierra Club is launching a national grassroots campaign to urge Houston-based coal giant Dynegy to clean up its act. The campaign kicked off with call-in events in 20 states, which generated thousands of telephone calls to Dynegy headquarters, pressuring the company to shift its investments away from coal and into cleaner, smarter energy solutions. Since it is proposing to build more dirty coal-fired power plants than any other company in the US, Dynegy is currently positioned to become “America’s Coal-Fired Polluter Number 1.”  

 

 “Dynegy is now the largest developer of new coal-fired power plants in the country,” said Bruce Nilles, director of the Sierra Club’s National Coal Campaign. “We need to work together as Americans to stop Dynegy’s dirty coal plant plans and shift those investments into cleaner alternatives like wind, solar, and efficiency that can create new jobs and economic opportunity while cutting pollution, improving public health, and helping solve global warming.”

 

Known in some parts of the United States as “LS Power,” Dynegy is proposing to construct six new coal plants, more new coal-fired power plants than any other power company in the nation. Plants are planned for Arkansas, Georgia, Iowa, Michigan, Nevada and Texas.

 

While other power companies increasingly are shunning carbon-based pollution because of its widely recognized financial and regulatory risks, Dynegy is moving in exactly the opposite direction on coal -- threatening the climate, the pocketbooks of ratepayers, the health of those living near the power plants, and the long-term wealth of its investors. Of 157 new coal-fired power plants originally announced for the U.S., just over a third (63) either have been killed or voluntarily withdrawn by the companies behind them with Dynegy being a conspicuous exception to that trend.

 

“Wall Street’s leading banks already understand that backing coal is becoming an increasingly expensive and risky proposition,” said Rebecca Tarbotton, director of Rainforest Action Network’s Global Finance Campaign. “Companies around the world are realizing that going green can be a boon both to the environment as well as their own bottom line. Dynegy needs to open its eyes and help move America toward a clean energy future.”

 

Taken together, Dynegy’s six planned coal-fired power plants would spew an estimated 44 million tons of global warming pollution into the air each year making them one of the single largest sources of such pollution in the U.S.

 

“Many companies, states and cities across the country are already moving beyond coal to cleaner energy. Just last year increased wind development added $9 billion to our economy. Dynegy has an opportunity to really be a leader in the new energy economy,” said Alex Levinson, director of the Sierra Club’s Clean Energy Solutions Campaign.

 

The six plants targeted in the Clean Up Dynegy grassroots campaign are as follows:  Arkansas - Plum Point (#2) - Osceola, AR; Georgia - Longleaf - Early County, GA.; Iowa - Elk Run - Waterloo, IA.; Michigan - Mid-Michigan - Midland, MI.; Nevada - White Pine - White Pine County, NV.; and Texas - Sandy Creek - Riesel, TX. 

 

To learn more go to http://www.CleanUpDynegy.org.

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The Sierra Club’s National Coal Campaign is working to ensure coal is mined responsibly and burned cleanly. Across the country the Campaign is fighting to stop the construction of dirty new coal plants and direct the proposed investments into energy efficiency, renewable resources, and other clean alternatives.

 

A streaming audio replay of the “Clean Up Dynegy” news event will be available on the Web at http://www.CleanUpDynegy.org as of 6 p.m. ET/5 p.m. ET on February 20, 2008. 

 

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