Lawmakers Push for Big Subsidies for Coal ProcessIn a different America, the need for government subsidies wouldn't be necessary. Manufacturers would have no difficulty in finding the required capital for such construction and development. And much of that capital will be coming their way anyway, regardless what the politicians decide to do. They, at this point, can only hinder the inevitable.
By Edmund L. Andrews, The New York Times
Washington, May 28 — 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.
With both House and Senate Democrats hoping to pass “energy independence” bills by mid-July, coal supporters argue that coal-based fuels are more American than gasoline and potentially greener than ethanol.
“For so many, filthy coal is a dirty four-letter word,” said Representative Nick V. Rahall, Democrat of West Virginia and chairman of the House Natural Resources Committee. “These individuals, I tell you, have their heads buried in the sand.” (link)
We have a growing need for energy. We have an abundance available. And make no mistake: We will, sooner or later, tap into that vein of black gold known as liquid coal. We will keep our homes warm in the winter.
Environmentalists, meet reality. Survival 101.