Trump Goes Off On Hillary For Saying She’d ‘Put All The Miners Out Of Business’
…CATASTROPHIC: Obama EPA climate reg to cost West Virginia $47 BILLION, 229,000 job years
Testifying before the US Senate Environment Committee, noted economist Eugene Trisko says the government’s own economic multipliers show that EPA’s Clean Power Plan, “would lead to the cumulative loss of $47 billion of [West Virginia] economic output, $11 billion of household income, and 229,000 job years of employment by 2040.”
EUGENE TRISKO: “Applying US Department of Commerce economic multipliers specific to the West Virginia mining sector, we estimate that the EPA carbon rule, and this is just the rule that’s on the books today, would lead to the cumulative loss of $47 billion of state economic output, $11 billion of household income, and 229,000 job years of employment by 2040. A job year is one job held for one year. Even larger losses would occur if an extended Power Plan were adopted along the lines of the Paris Agreement. West Virginia state output could be reduced by a cumulative $60 billion by 2040 along with a $14 billion loss of household income. A total of 288,000 job years of employment would be loss. Clearly, West Virginia can not afford such draconian economic impacts.”
Hearing to examine the local impacts of EPA’s climate regulations
US Senate Environment and Public Works Subcommittee on Clean Air and Nuclear Safety
Logan, West Virginia
October 5, 2016…
China Funds And Builds Europe’s New Coal Power Plants
From GWPF:
The Balkan region’s first privately-funded power plant came online on Tuesday, increasing the region’s dependency on coal-fired power stations even as environmental concerns are driving them to the brink of the extinction elsewhere in Europe. It was built by China’s Dongfang Electric Corp and financed with the help of a 350 million euro ($391.13 million) loan from the China Development Bank.
Coal-fired power plant Stanari
Planned coal power plants in south-eastern Europe; source Bankwatch
The 300-megawatt plant, in the northern Bosnian town of Stanari, is a foreign investment in a chronically impoverished country that remains heavily dependent on foreign aid more than 20 years after it emerged from war.
Even though the Western Balkans has a power deficit, European investors are reluctant to finance more polluting coal which forms the backbone of supply in the region, attracting Chinese financiers and contractors.
Work on the investment, by Serbian-run but British-based Energy Financing Team (EFT), started in 2013. It was built by China’s Dongfang Electric Corp and financed with the help of a 350 million euro ($391.13 million) loan from the China Development Bank.
EFT, which focuses on power markets in central and southeast Europe, won a 30-year concession in 2008 to build the Stanari plant and expand an adjacent coal mine that will feed it at a total cost of 560 million euros ($625.63 million).
Lignite – the most polluting type of coal – is widely available in the Balkans, making it appealing to governments seeking ways of ensuring security of supply and keeping energy prices low while also placating influential mining lobbies.
The new plant, which will generate 2,000 gigawatt-hours of electricity per year, creating 1,000 jobs, will strengthen Bosnia’s position as a leading energy exporter to the region.
It generates more than 40 percent of its electricity from hydroelectric power, making it, along with Bulgaria and Romania, one of the few Balkan countries with a domestic power surplus.
Environmentalists fear that the region’s cash-strapped governments will be tempted to cut corners in this and other projects, exposing them to costly upgrade costs once they join the European Union.
Some 2,800 megawatts of extra coal-fired capacity is planned across the region in coming years at a total cost of 4.5 billion euros, most of it financed by China.
Meanwhile:
SARAJEVO (Bosnia and Herzegovina), September 20 (SeeNews) – Bosnian state-controlled coal miner Banovici [SAJ:RMUBR] plans to sign …
Obama’s Promise kept: 83,000 coal mining jobs lost since 2008
Promise kept: 83,000 coal mining jobs lost since 2008
It was during the 2008 campaign that candidate Obama first promised to destroy the coal industry. Since then, more than 400 coal mines have closed, six major coal companies have filed for bankruptcy, and more than 83,000 coal miners have lost their jobs.
That’s one promise the president worked hard to keep.
A 2015 study found the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term. During Obama’s second term, the industry employment in coal mining has fallen by another 33,300 jobs, 10,900 of which occurred in the last year alone, according to federal data. Currently, coal mining employs 69,460 Americans, according to the Bureau of Labor Statistics. Much of the blame for the job losses is targeted at federal regulations aimed at preventing global warming, which caused coal power plants to go bankrupt, resulting in a sharp decline in the price of coal.
“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them, because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,” Obama said during a 2008 interview with the San Francisco Chronicle’s editorial board. Democratic Presidential nominee Hillary Clinton also pledged that “We’re going to put a lot of coal miners and coal companies out of business.”
Employment has fallen so drastically because coal production has fallen by 15 percent since 2008 as companies have been forced by environmental regulation to shut down 400 mines due to decreasing demand. Companies opened 103 new mines in the U.S. in 2013 while 271 coal mines were idled or shut down, according to the U.S. Energy Information Administration.
Environmental Protection Agency (EPA) regulations and cheap natural gas have devastating coal companies as well, even forcing Peabody Energy, the world’s largest coal company, to declare bankruptcy earlier this month. Other American coal companies have faced financial problems too. Arch Coal filed for bankruptcy as well in January and coal companies like Alliance Coal announced mass layoffs.
As a result, many ex-coal miners are unemployed and Appalachian “coal country” has faced very real economic devastation as a result. The coal-producing areas of eastern Kentucky have an unemployment rate of 8 percent unemployment rates and parts of West Virginia have double-digit unemployment.
Obama and many
Sen Reid brags about threatening coal industry: ‘I will do everything I can to hurt your investments, your company’ – ‘I won, they lost.’
Speaking to the Nevada Lambda Business Association, Senate Democrat Leader Harry Reid recalls how he successfully threatened utility executives over the planned construction of “four or five” coal-fired power plants in Nevada: “I told them, ‘You will rue the day you do that…I will do everything I can to hurt your investments, your company.” Senator Reid says, “I won, they lost.”
LAMBDA Business Luncheon
KTNV Channel 13 Las Vegas
August 16, 2016
Also see: Daily Caller: Harry Reid Brags About Personally Threatening Coal Executives With Financial Ruin – Here’s what Reid told reporters at a luncheon Wednesday, according to KTNV’s Jon Ralston:
But here in Nevada we don’t even have—NV Energy has not been the biggest help. We had companies come here wanting to spend money [inaudible] but they ended up pulling away [inaudible] they lost large amounts of money. [inaudible] is doing the accounting now and he’s doing a lot better now, but there’s still a lot they need to do. They announced that they—because you know, I came out there—but a number of years ago and I learned they were going to build four to five new coal fire generating plants in Nevada. Why? Because it’s pristine. Out there, nobody complains. I complained. My staff and everybody said “why are you doing that? You’re going to hurt yourself.” And maybe I did. But I won, they lost.
I called two of the companies that built plants there and I told them go ahead and do it, but I am going to do everything to hurt investments in your company. So they decided perhaps—decided to get rid of the coal plants. We don’t have a coal fire generated plant open since Reid-Gardner. And it was 40 years [inaudible]. Yesterday, they announced they announced it is going to close a year early. There’s only one coal fire plant left in Nevada and that’s on its way out too. So we’re making progress in Nevada.
Reid has talked about his efforts to keep coal plants out of Nevada, but he’s never admitted to threatening company executives.
…
I Am Woman: Obama EPA Chief declares Agency the ‘She-P-A’
Speaking at the 2016 Presidential Environmental Awards Ceremony, E.P.A. Administrator Gina McCarthy says, “We call E.P.A. the ‘She’ P.A. because the women have taken over, and we ain’t givin’ it up!”
“We have made a tremendous amount of progress on our equality initiatives moving forward during this administration…You tell everybody. We do math all day long. We do science all day long.”
2016 Presidential Environmental Awards Ceremony
The White House
August 16, 2016…
Little Green Lies: Why Electric Cars Won’t Save the Environment
…A new global warming study says only a total power shutdown can save us now
A U.S.-funded study says we’re in dire straits if we don’t stop emitting man-made CO2. That means pulling the plug and heralding in a new Stone Age.
The National Center for Atmospheric Research (NCAR) has a new study this week: to prevent catastrophic global warming, the world will need to stop emitting all man-made carbon dioxide (CO2) by 2085. So say goodbye to Uber, iPhones, computers, trains, planes, automobiles, air conditioners, heating, or anything that even remotely relies on fossil fueled power. It means our entire way of life would be thrown into the Stone Age to prevent an unlikely two-degree Celsius rise in temperatures from occurring by 2100. And it would keep developing nations from being industrialized. Forget renewables. According to manufacturing analyst Steven Capozzola, you “can’t build a wind farm with the electricity generated by a wind farm.”
Negative emissions needed
Additionally, the federally funded NCARstudy says that we will need to develop carbon scrubbing devices capable of removing CO2 from the air. It notes that even if every sector in every country – including manufacturing, power generation, farming, transportation, and the military–ceased all operations, we would still need technology to remove 15 gigatons of CO2 a year from the atmosphere.
Dems Offically Slash ‘All Of The Above’ Energy Plan From Platform
…Poll: 77% Of Voters Agree With Trump’s Energy Position
The majority of Americans agrees with Republican nominee Donald Trump’s pro-energy position, according to a recent poll conducted by the American Petroleum Institute (API).
“We are going to lift the restrictions on the production of American energy. This will produce more than 20 trillion dollars in job creating economic activity over the next four decades,” Trump said Thursday night when accepting the Republican nomination for president. “My opponent on the other hand wants to put the great miners and the great steelworkers of our country, out of work and out of business. That will never happen with Donald J. Trump as president. Our steel workers and our miners are going back to work again.”
The poll found 77 percent of voters want to see America increase production of oil and gas resources located in the U.S, including 94 percent of Republicans, 73 percent of independents, and 64 percent of Democrats.
The poll also found 69 percent of voters would support a political candidate who promised to increase production of American oil and natural gas, gaining approval from 86 percent of Republicans, 69 percent of independents, and 57 percent of Democrats. Roughly 71 percent of voters would oppose legislation that could potentially raise energy costs on the American consumer.
Read more: http://dailycaller.com/2016/07/22/poll-77-percent-of-voters-agree-with-trumps-energy-position/#ixzz4FACLwBuI…