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Winds of Change Newsletter, September 2008 See sidebar for table of contents
Governor Commits Taxpayer $$$ to Questionable Coal-to-Liquids Scheme
Governor Manchin has committed large sums of WV taxpayer
dollars to fund the nation’s first modern coal-to-liquids plant near
Wheeling.
Both presidential candidates have pledged to regulate
carbon emissions. When this happens, a coal-to-liquids plant could lose
enormous amounts of money. Investors have been running from coal
liquefaction plants like pigs from the slaughter. So who will help pay
for this financially risky venture in West Virginia? We the taxpayers.
According to the Charleston Gazette (August 12):
"The Manchin administration has agreed to give nearly $200 million in
tax breaks and other incentives to developers of a coal-to-liquids plant
proposed for Marshall County… That’s about $3.3 million in government
incentives for each of the 60 jobs the facility would provide."
OVEC member Mary Wildfire has written
letters-to-the-editor pointing out reasons why coal-to-liquids is a bad
idea: "The most important of these is that this process produces twice
as much carbon dioxide, the primary greenhouse gas causing global
warming, as the petroleum it replaces. It’s extremely irresponsible to
ignore the global warming impacts just because the worst effects will
happen in decades, not immediately. Some scientists are saying that we
must reverse course within a very few years or face a planet that
doesn’t support much human life, or at the least, a severely
impoverished world with excesses of rainfall in some places and great
droughts in others, coastal cities drowned, a surge in disease, floods
of refugees, and decline in harvests causing massive starvation."
Breathtaking advances are being made in renewable
energies and in energy efficiency. Wouldn’t you rather see your tax
dollars spent on energy solutions for the future?
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