Germany has tasked a commission with creating a roadmap for phasing out coal as an energy source, according to Reuters. Results are expected by the end of the year. A draft proposal includes provisions for 1.5 billion euros (US$1.73 billion) in federal funds to bring new industries into coal-producing regions.
“Should the government decide an abrupt exit, I would claim back what is being done to us,” RWE CEO Rolf Martin Schmitz. “The companies would be expropriated — as was the case with nuclear energy. And they would have to be compensated for that.” He also added that he believed there were other ways to resolve the conflict.
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