Peabody shareholders meeting: Boyce highlights clean energy vision; directors re-elected

摘要

Peabody Energy President and CEO Gregory H. Boyce highlighted a vision for clean energy solutions during the company's annual meeting May 1 in St. Louis, modifying the classic "E = mc2" equation as "energy equals more clean coal." Boyce discussed Peabody's results and strategies for value creation against a backdrop of greater global use of coal for energy security, economic growth and environmental improvement. At a time when the world's energy needs will increase 70 percent in 25 years and other fuels face significant constraints, Boyce said greater use of coal for clean electricity, natural gas and transportation fuels can solve oil and natural gas challenges. He added that greater use of coal must be driven "by the ultimate vision of near-zero emissions and carbon capture and sequestration." "Technology is the key to the twin challenges of energy independence and carbon concerns," Boyce said. "We must accelerate commercial deployment of technologies that will maintain a secure, affordable energy supply to satisfy our growing energy needs and achieve the important sustainable goal of an improved environment."