|The Cadillac Escalade: this one is as black as coal and its
tailpipe spews nearly nine tons of CO2 into the air per year.
Coal fueled the industrial revolution and even in this post-industrial era it still provides a bedrock source of energy for much of the world. Although now overtaken by natural gas for generating electricity in the United States, coal remains second only to oil as the world's largest source of commercial energy. Its low resource cost could give it a role even in an increasingly climate-constrained future. But for that to happen, the industry's leaders would have had to embrace carbon mitigation as a worthy, investment-stimulating challenge instead of spending down their dwindling political capital to fight the inevitable.
One can see some parallels here to the recent near-death crisis of U.S. domestic automakers. Although General Motors, Ford and Chrysler had often talked a green line and showed off a few token green-branded products, for many years their major investment and lobbying strategies emphasized evading energy and climate policies instead of embracing them.