Send a Tweet
Most Popular Choices
Share on Facebook 9 Share on Twitter 2 Printer Friendly Page More Sharing
OpEdNews Op Eds    H1'ed 5/26/18

Trump Has Plenty of Accomplices in His Reckless Energy Policies

By       (Page 1 of 2 pages)     (# of views)   14 comments
Author 1642
Follow Me on Twitter     Message Harvey Wasserman
Become a Fan
  (22 fans)

From Common Dreams

The nation's entrenched fossil-nuclear corporate elites are more focused on propping up the industries of the past than embracing the technologies of the future.


'The U.S. wind business now employs more than 100,000 people.'
(Image by (Photo: J├╝rgen from Sandesneben, Germany/Licensed under CC BY 2.0))
  Details   DMCA

Some 360,000 Americans now work in the solar industry, more than in nukes and coal combined. In fact, more Americans are now working in California's solar industry than are digging coal nationwide. And the U.S. wind business now employs more than 100,000 people.

But President Donald Trump wants to change that. He has already slammed the solar industry's growth by slapping a 30 percent tariff on imported Chinese panels, slowing installations nationwide.

He's also contemplating using an obscure Korean War-era "emergency" ordinance that would let the government bail out money-losing coal and nuclear plants at the expense of renewables.

The idea was presented to Trump while he dined with a lobbyist from the infamous Akron-based FirstEnergy, whose bad business decisions have hung it with four crumbling, money-losing nuclear power reactors and some eighty obsolete coal burners.

More than half the nation's 99 licensed commercial reactors are now losing money. FirstEnergy's Davis-Besse, near Toledo, Ohio; Perry, east of Cleveland, Ohio, and Beaver Valley 1 & 2, outside Pittsburgh, Pennsylvania, are bleeding radioactive red ink. One might expect "free market" corporate executives to cut their losses and let competition determine how our energy will be generated.

But FirstEnergy CEO Chuck Jones (annual salary: $8.7 million) has begged Ohio's legislature and regulators to slap consumers with billions in higher electric rates. So far he's failed, which is why he sent his lobbyist to dine with Trump.

Already, governments are doing what they can to prop up the nuclear power and fossil-fuel industries and damage the cause of renewable power.

Three nuclear reactors in Illinois have been granted a $200 million annual handout for the next decade. Pennsylvania and Connecticut may soon get soaked with massive rate hikes to keep reactors running there.

The New Jersey legislature has just approved spending $430 million over the next decade to run three more uneconomical reactors there, two at Salem and one at Hope Creek. Activists including actor Alec Baldwin have urged that state's new Democratic governor to veto that proposal.

Throughout the United States, owners of even those few reactors that are still making money are poised to scam their way into compliant legislatures to see how much they can grab.

But the biggest nuke scam of all has been rammed through state regulatory agencies by New York's "liberal" Governor Andrew Cuomo. Cuomo backs the 2021 shutdown of two decrepit reactors at Indian Point, saying they are too close to Manhattan to be considered safe.

But Cuomo wants ratepayers statewide to cough up a staggering $7.6 billion for four upstate reactors whose owners had them slated for decommissioning. To the astonishment of economists, ecologists, business and ratepayer groups, Cuomo's hand-picked regulators approved the rip-off last year.

Nuclear opponents have gone to court to stop it. They argue that while less than four thousand jobs are tied to the reactors, many thousands more would be created by replacement wind and solar projects.

Next Page  1  |  2

 

Must Read 3   Supported 2   Well Said 1  
Rate It | View Ratings

Harvey Wasserman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Harvey is a lifelong activist who speaks, writes and organizes widely on energy, the environment, election protection, social justice, grass-roots politics and natural healing, personal and planetary.He hosts "California Solartopia" at KPFK-Pacifica and "Green Power & Wellness" atprn.fm. (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Will 9 GOP governors put Romney in the White House?

Four Ways Ohio Republicans are Already Stealing the 2012 Election

Toll of U.S. Sailors Devastated by Fukushima Radiation Continues to Climb

Is Fukushima now ten Chernobyls into the sea?

Humankind's Most Dangerous Moment: Fukushima Fuel Pool at Unit 4. "This is an Issue of Human Survival."

Japan's Quake Could Have Irradiated the Entire US