Or, do they take and then give? It appears to be a vicious cycle with no beginning or end.
For the last four years, President Obama and his EPA have waged a war on coal. Though they deny it, their regulations have cost thousands of miners their jobs, and hundreds of coal-fueled power plants are scheduled to be closed within the next few years. On January 7, Georgia Power announced that it will “shut down 15 coal and oil-fired units, cutting nearly one-sixth of its power grid capacity to comply with federal rules aimed at reducing air pollution.” This, the latest in a string of plant-closure announcements, will take away nearly 500 jobs. Over the next five years, the North American Electric Reliability Corporation forecasts closures of plants that currently produce 20 percent of the nation’s coal-fueled generation.
Read more: http://finance.townhall.com/columnists/maritanoon/2013/01/13/the-government-giveth-n1488093/page/full/
For the last four years, President Obama and his EPA have waged a war on coal. Though they deny it, their regulations have cost thousands of miners their jobs, and hundreds of coal-fueled power plants are scheduled to be closed within the next few years. On January 7, Georgia Power announced that it will “shut down 15 coal and oil-fired units, cutting nearly one-sixth of its power grid capacity to comply with federal rules aimed at reducing air pollution.” This, the latest in a string of plant-closure announcements, will take away nearly 500 jobs. Over the next five years, the North American Electric Reliability Corporation forecasts closures of plants that currently produce 20 percent of the nation’s coal-fueled generation.
Read more: http://finance.townhall.com/columnists/maritanoon/2013/01/13/the-government-giveth-n1488093/page/full/
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