American Power Act - bad for America - targets coal industry
Why you should care? because America uses coal to generate electricity.
"In the US, coal is the major source of affordable, reliable electric power, generating about 50% of US electric power; oil generates about 1%. Contrary to claims, the American Power Act has little to do with reducing oil dependency and everything to do with destroying coal generation of electric power. On May 5, the Congressional Budget Office reported that that coal industry will suffer the greatest job loss from such a bill. Of course, the bill has great allowances for selected industries, called “crony capitalism,” and great subsidies to “alternative energy and green jobs.”
Electricity is the miracle of the late 19th and the 20th Centuries. Prosperity grows with it and depends upon it. In his book Power Hungry, Robert Bryce gives a table ranking nations according to Gross Domestic Product and electricity generation. The relationship is unmistakable. Those countries that generate the most electricity have the greatest GDP. This has long been known by anyone who has studied the issue: electricity helps create prosperity.
Yet, during a severe and prolonged recession, our Senators would have us believe that government can create prosperity by requiring Americans to replace affordable and dependable electricity from coal with expensive and unreliable electricity from solar and wind."
The American Power Act is a BAD bill. It seeks to destroy the very commodity our prosperity depends upon – reliable, affordable electricity.
Contact Senator Udall and Senator Bennet today – vote NO
Source of information:
Congressional Budget Office (CBO)article posted May 5, 2010
The Science and Environmental Policy Project (SEPP) Newsletter (May 15, 2010) - text in quotes in this article is from Ken Haapala's comments in this newsletter. Thanks to SEPP for their insite about this important issue.
Link to the American Power Act (try search for “coal”, “renewable energy credits” “offset credits” “market…” sets up a huge bureaucracy to control the energy industry….Investors Business Daily found 60 new agencies!
