Posted by Diane Farsetta on March 26, 2007

In yet another example of the government-industry revolving door, "Peabody Energy, the world's largest private sector coal company, has hired Dick Gephardt's firm to spearhead its drive to defeat efforts by Democrats to put caps on carbon emissions in a bid to combat global warming," reports O'Dwyer's. Gephardt, a Democrat and the former U.S. House Majority Leader, will advocate for increased public funding of "clean coal technologies." Peabody's coal generators produce 10 percent of U.S. electricity. The company says "clean coal" research will help achieve the "ultimate goal of near-zero emissions from coal." Peabody's corporate social responsibility report calls mandatory caps on emissions "irresponsible, contributing to adverse health impacts and economic harm through the loss of affordable electricity."