Bailout

Proposed Bailout of Coal and Nuclear Is Trump Admin’s Attempt to Save Dying Industries

A Caterpillar D9 bulldozer pushes a mountain of coal at a rail/barge terminal on the Tennessee River. Calvert City, September 2010.

Energy Secretary Rick Perry recently ordered the Federal Energy Regulatory Commission to fast-track a rule that purports to make the energy grid more resilient but which in reality will force utility customers to buy more expensive electricity from coal and nuclear plants. A new report by the nonprofit Environmental Working Group (EWG) casts this proposal as a thinly veiled bailout for two industries that are no longer competitive in the electricity generation markets.

According to federal data compiled by EWG, without this bailout, utilities plan to close 75 coal and nuclear plants in the next three years.

GM VP Bob Lutz's green pose is (what's the phrase?) a "total crock of sh#t"

Among the most galling visions, as U.S. carmakers stand cap-in-hand before the American people, is the site of a preening GM Vice President Bob Lutz pretending to be green.

Lutz is firmly on the record as someone who is too lazy, too ideologically hidebound or just too stupid to look at the latest robust and frightening science of climate change. He has dismissed global warming as “a total crock of shit,” saying that he puts his faith in the signatories of the laughable Oregon petition.

Lutz has tried to reassure us in the past by saying, “My thoughts on what has or hasn’t been the cause of climate change have nothing to do with the decisions I make to advance the cause of General Motors.” Which raises an interesting question: why would Congress bet billions on a policy maker who would dismiss out of hand the biggest environmental crisis in human history, and then go on making self-destructive decisions that drive his company to the brink of bankruptcy?

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