Importing Coal, China Burns It as Others Stop - NYTimes.com
The United States now ships coal to China via Canada, but coal companies are scouting for new loading ports in Washington State.The final straw? Corn ethanol tax credit being used as export subsidy | Sasha Lyutse's Blog | Switchboard, from NRDC
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Traditionally, coal is burned near where it is mined — particularly so-called thermal or steaming coal, used for heat and electricity. But in the last few years, long-distance international coal exports have been surging because of China’s galloping economy, which now burns half of the six billion tons of coal used globally each year.
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Vic Svec, senior vice president of Peabody Energy, the world’s largest private coal company, said it was “planning to send larger and larger amounts of coal” to China.
“Coal is the fastest-growing fuel in the world and will continue to be largely driven by the enormous appetite for energy in Asia,” he said.
An article in yesterday’s Financial Times offers yet another scathing indictment of corn ethanol subsidies, detailing how the government’s main corn ethanol tax credit—originally passed to spur domestic use of corn ethanol—is instead being used to support exports. It's bad enough that the tax credit pays the corn and oil industries billions for producing and using ethanol they are already required to produce and use under the Renewable Fuels Standard (RFS). Now we learn that Congress' goal of promoting ethanol use here at home is being distorted to facilitate dumping ethanol overseas.Romm : Clueless In Santa Fe | Real Science
Penn and Teller filmed some of Romm’s victims in Santa Fe. Watch the whole thing – it is hilarious.
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