Advertisements

Crony Central Planning Posing as National Security — Trump Tries to Foist Rising Coal Costs on the American People

Ever since Trump came to office he’s been doing his best to save a polluting, harmful, and increasingly expensive energy source — coal. Why he would do this is rather nonsensical. Coal employs less and less people each year. It pumps toxins into the air and water. And it is a primary enabler of human-caused climate change — which among other things is putting the nation’s cities under threat from rising seas, worsening storms, and more severe wildfires.

Trump and Perry’s various campaigns to save coal bear a similar connotative ring as such moral winners as ‘help Sauron,’ benefits to ‘promote asthma in kids,’ and ‘save smog.’

(The failing coal industry is trying to use its influence over the Trump Administration to force you to prop it up. This stinks of crony capitalism turned Soviet-style central planning.)

But despite the nonsense, harm and immorality, the Trump Administration has actively courted bankrupt coal executives like Bob Murray to write policy that would throw a number of lifelines to an economically failing and pysically dangerous energy source. The most recent related attempt being the claim that coal is necessary for U.S. national security and that economically failing coal plants represent a ‘grid emergency in the making.’ A claim that was just this week decried by Exelon CEO Chris Cane.

In truth what’s really happening is coal can’t compete economically with wind and solar. And that the Trump Administration, through Perry, is asking you and me to pay an extra 12 billion dollars a year in utility bills to support failing, polluting coal plants. In truth, they’re doing this for no reason whatsoever other than to promote the interests of their political backers — in the form of a direct hand-out. And they are doing it in a way that will harm both U.S. competitiveness, hurt the present rate of renewable energy adoption, raise your utility bills all in one.

(Due to higher costs, coal and even gas are being utilized less and less in favor of lower priced and less polluting renewables. Image source: Think Progress and Bloomberg New Energy Finance.)

Such Soviet-style central planning and forced dirty energy use has generated cries of outrage from a broad coalition of energy industry leaders, environmentalists, and, ironically, conservatives groups that promote free market systems. So the Trump Administration is likely to find itself in court — defending spurious claims of ‘national security,’ increased costs to rate payers, and nonsensical government handouts to failing coal.

Advertisements
Advertisements
%d bloggers like this: