Modern Energy Coalition Condemns Trump Pimping for Coal, Nuclear Electric Power

❝ A diverse group of energy industry associations including energy efficiency and storage, natural gas, oil, solar and wind issued (a) statement condemning the Administration’s draft plan to bail out coal and nuclear plants across the country.

Lisa Jacobson, Business Council for Sustainable Energy President (BCSE):

❝ “Resilience and reliability issues are paramount to the electric sector. The portfolio of currently available clean energy technologies and services in the energy efficiency, natural gas and renewable energy sectors – working with other technologies and services – is meeting the needs of the grid affordably and reliably today and can meet the needs of an evolving electric grid into the future. The actions under consideration would impose unnecessary costs on consumers and businesses through increased electricity bills.”

John Hughes, Electricity Consumers Resources Council President and CEO:

❝ “Any action taken by the Department of Energy today to use 202(c) and DPA to prop up uneconomic coal and nuclear plants is unnecessary, anticompetitive and would increase the price of electricity to businesses and consumers, resulting in a substantial loss of U.S. manufacturing capacity jobs.”

Shit-for-brains Trump demonstrates no more dedicated policy than working for corrupt and out-of-date industries that promise to pay him the most money, promise the most votes. Not that he’s anymore adept at figuring out who is lying to him – than his peers on the Right are at separating out Trump’s own lies from fact.

Take the time to read through all the groups condemning this butt-kissing stupidity.

4 thoughts on “Modern Energy Coalition Condemns Trump Pimping for Coal, Nuclear Electric Power

  1. Cassandra says:

    “Fossil fuel stocks have long been a safe financial bet. With the International Energy Agency projecting price rises until 2040, and governments prevaricating or rowing back on the Paris Agreement, investor confidence is set to remain high.
    However, new research suggests that the momentum behind technological change in the global power and transportation sectors will lead to a dramatic decline in demand for fossil fuels in the near future.
    The study indicates that this will now happen regardless of apparent market certainty or the adoption of climate policies – or lack thereof – by major nations.
    Detailed simulations produced by an international team of economists and policy experts show this fall in demand has the potential to leave vast reserves of fossil fuels as “stranded assets”: abruptly shifting from high to low value sometime before 2035.
    Such a sharp slump in fossil fuel price could cause a huge “carbon bubble” built on long-term investments to burst. According to the study, the equivalent of between one and four trillion US dollars could be wiped off the global economy in fossil fuel assets alone. A loss of US$0.25 trillion triggered the crash of 2008 by comparison.” https://www.eurekalert.org/pub_releases/2018-06/uoc-bc053018.php

    • Old Guy says:

      All investments are nothing but a gamble. The consumers should not bail people out who made a bad bet and lost. They don’t share the profits when they win.

  2. The invisible hand says:

    “Trump’s nuclear bailout could cost consumers up to $17 billion each year” https://inhabitat.com/trumps-nuclear-bailout-could-cost-consumers-up-to-17-billion-each-year/ “The planned subsidies for nuclear power plants alone could increase the overall cost of electricity in the U.S. by up to $17 billion each year; the subsidies for coal plants would add even more. This skewing of the American energy market, which has recently seen significant progress made by wind and solar energy, could also result in the decline of renewable energy in the U.S.
    …What is surprising is the heavy-handedness with which his administration is attempting to directly subsidize failing businesses, thereby ignoring the Republican Party’s long-held belief in the supremacy of a market free from government intrusion. By doing so, Trump could decimate the renewable energy industry, which employs more American workers than coal and nuclear combined.”

    • Old Guy says:

      Trump I believe is delusional, mentally unbalanced and incapable of making sound decisions. Any doubts about were dispelled today with his statements.

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