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Author Topic: Re: Fossil Fuel Skulldugggery  (Read 1133 times)

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AGelbert

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Re: Re: Fossil Fuel Skulldugggery
« Reply #120 on: March 07, 2018, 09:42:37 pm »
 
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Trump Admin 😈 Intent on Picking 💵 Losers Like Coal💣   and Nuclear☢️

Clean coal and nuclear power--according to some, they’re the baseload power that environmentalists should support. Unfortunately, as we learned last week, the Kemper clean coal plant was an abject failure, and and Georgia regulators are still struggling to drag the massively over budget Vogtle nuclear plant over the finish line.

But failure’s never been a deterrent for the Trump administration. The Houston Chronicle’s James Osborne’s latest piece looks at the Trump administration’s proposed budget and Rick Perry’s plans for new coal plants. In light of what Joe Aldina, director of coal analytics at S&P Global Platts, tells Osborne is a “general skepticism” about carbon capture, Trump and Perry are trying to shovel taxpayer money into “High Efficiency Low Emissions” coal plants, the newest generation of coal plants that try and get more energy out of every lump of coal. The 2019 White House budget cuts funding for the Department of Energy’s carbon capture programs by 80%, to offset an increase in funding for these new coal plants.

But as Osborne notes, these plants provide “nowhere near the gains scientists say are necessary to slow climate change and meet targets under international accords.” On top of that, Woods Mackenzie analyst Matt Preston told Osborne that  “even with significant government involvement,” building these plants is “still no less expensive than building wind or solar or gas.”

So just as pricey, with no climate benefits. Most politicians seek out win-wins, but apparently Trump 🦀 and Perry 🦕 are going for a lose-lose.

Speaking of losers, some say nuclear power provides an opportunity for producing carbon-free electricity, and the Trump administration sure seems eager to throw money at the industry. And although some supposedly intelligent people (falsely) allege green groups are what’s standing in the way of a nuclear-powered future, the reality is that it’s economics that’s killing nuclear.

The latest on that front comes from the South Carolina Post and Courier, where Andrew Brown reported on Monday that the ill-fated V.C. Summer Nuclear Station is already off track just six months into construction. But like the Kemper clean coal plant, instead of disclosing the problems, the owners of V.C. Summer, Westinghouse Electric Corp., decided to hide them. according to an email by Westinghouse CEO Danny Roderick, the company was concerned was that letting the public know about the extent of the delays and depth of the cost overruns would have a “decidedly negative effect on everyone involved in the project.”.

His concerns are legitimate. The public would probably be furious to find out that they spent over $2 billion on reactors that were never completed.

$2 billion spent, for zero watts of electricity produced. 🤬

Doesn’t take a degree from Trump University to see how bad a deal that is.
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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