Three big banks will ask companies seeking financing for new U.S. coal-fired power plants to:
• Look at energy-efficiency options
• Look at renewable-energy options
• Determine whether plant design and local geology would allow carbon dioxide emissions to be captured underground.
• Use conservative assumptions about how many emission allowances the plant would get from the government under a greenhouse-gas cap.
• Ensure that the plant will be allowed to charge electricity rates high enough to cover the cost of buying emission allowances.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
UnitedHealthcare loses appeal to retain Minnesota Medicaid business in 2025
UnitedHealthcare won't return to Minnesota Medicaid market in 2025
Agriculture
Farming is more high-tech than ever. Just ask Land O'Lakes' chief technology officer.
Chief Technology Officer Teddy Bekele is leading a digital transformation at the Minnesota-based cooperative.
Business
Moorhead lands $5B sustainable jet fuel plant and its 650 jobs
The facility will convert agriculture and timber waste into jet fuel.
Minnesotans may get money back in settlements with generic drugmakers over alleged price-fixing
Price-fixing allegations lead to settlements with generic drugmakers
Business
Regulators crack down on Minnesota community banks over fintech partnerships
B2 Bank in Mountain Iron and Choice Financial, which has Twin Cities branches, have both been hit with enforcement actions. Regulatory scrutiny of community banks' relationships with financial tech firms has increased.