The most thorough and informative information I have found. Enjoyed it immensely….

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First, let me say that it’s good to let Citi know about the effects of their financial decisions.
Your case would be even stronger if you could show that Citi gave preferential loan terms to coal for some dubious reasons. For instance, if Citi’s people were relatively less concerned about the risk of carbon prices being implemented. But this would be difficult.

But I think the restructuring–not what happened during the 90s–of the electric utility industry is what really needs to be done to prevent more coal. When comparing cogeneration, combined heat and power, and energy efficiency upgrades to the price of coal-generated energy, COAL IS NOT THE LOW PRICE LEADER. This is even more true if we look at the risk of a price on carbon.

So the US is about to embark on a new wave of power plant construction, and we don’t want this to be coal. If regulations permitted low-cost producers to interconnect to the grid, we could avoid locking coal into our baseload for the next 30 years. If we can achieve this, CITI be financing mass energy efficiency retrofits and CHP, rather than coal. And it will do so purely on profitability grounds.

Sean Casten has some good ideas about this. His Grist articles are here: http://gristmill.grist.org/user/Sean%20Casten