KFx Inc.

For over 100 years Powder River Basin coal has been the source of about 50% of the nation’s coal generated electricity. Day and night, every day of every year, mile-long trains come in and out of the Powder River Basin, hauling coal to the nation’s power plants. It’s the cleanest burning coal in the US, but unfortunately, it has a high water content that lowers it’s BTU rating. And it’s dusty, so it messes up the tracks and the plants. And even more unfortunately, it can self-combust. Then along came KFx (later known as Evergreen Energy) claiming that it had a commercially viable way to solve all that and more. Our first suspicion was that KFX couldn’t be the first company to be interested in finding a solution for a big, age-old problem. Sure enough, we found an abundance of information about private and government-financed research projects and pilot plants that tried to extract the water out of Powder River Basin coal without making it more dangerous. Not one of them worked. Not only that, but with so many failures the government had invested heavily in trying to understand the reason for their failures. One of these government projects provided exact data applicable to the KFx project. And what it said was not good for KFx. As KFx investors waited, anticipating good news from the plant, we hired two teams of former FBI investigators to spend a month out in the Powder River Basin filming the long-awaited first commercial load from the billion-dollar plant. Only a music video (made from surveillance footage) could tell this story…