Can't We Just Wait for Climate Hell Without Subsiziding It?

Wed, 2007-05-30 10:29Ross Gelbspan
Ross Gelbspan's picture

Can't We Just Wait for Climate Hell Without Subsiziding It?

Even as Congressional leaders draft legislation to reduce greenhouse gases linked to global warming, a powerful roster of Democrats and Republicans is pushing to subsidize coal as the king of alternative fuels.

Prodded by intense lobbying from the coal industry, lawmakers from coal states are proposing that taxpayers guarantee billions of dollars in construction loans for coal-to-liquid production plants, guarantee minimum prices for the new fuel, and guarantee big government purchases for the next 25 years.

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At 9:35 p.m. on Saturday, May 30, Greeley, Colorado was struck by a 3.4 magnitude earthquake. Earthquakes are highly unusual in eastern Colorado, raising speculation that it was a “frackquake” — a man-made earthquake stimulated by the disposal of contaminated drilling water in deep injection wells. This disposal technique forces wastewater generated from hydraulic fracturing (fracking) deep into underground rock formations, lubricating layers of rock that would not ordinarily be subject to movement.

Earthquakes are so rare in eastern Colorado that the U.S....

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