Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,791
While the subsidy has proven a boon for investors, it has often failed to achieve the intended reductions of nitrogen oxides, or NOx, the primary contributor to smog and acid rain. Utilities that burn refined coal have trailed competitors burning raw coal in lowering NOx emissions, and 22 of 56 plants burning refined coal have seen NOx emission rates rise instead of fall, according to a Reuters analysis of EPA emissions data vetted by industry experts.
The refined coal tax subsidy is scheduled to expire in 2021. But lawmakers, including Republican Senator John Hoeven of coal-producing North Dakota, have introduced legislation to extend it another 10 years. They argue it helps the environment, extends the life of the ailing coal industry – a centerpiece of the Trump administration’s energy policy – and reduces power prices by giving utilities a cheap, subsidized source of coal.
Special Report: Wall Street cleans up on 'clean' coal subsidies | Reuters
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Seems Trump and the GOP and republicans in general have no issue with reverse socialism, taking from the working man's taxes to subsidized a failing coal industry, that pollutes.
The refined coal tax subsidy is scheduled to expire in 2021. But lawmakers, including Republican Senator John Hoeven of coal-producing North Dakota, have introduced legislation to extend it another 10 years. They argue it helps the environment, extends the life of the ailing coal industry – a centerpiece of the Trump administration’s energy policy – and reduces power prices by giving utilities a cheap, subsidized source of coal.
Special Report: Wall Street cleans up on 'clean' coal subsidies | Reuters
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Seems Trump and the GOP and republicans in general have no issue with reverse socialism, taking from the working man's taxes to subsidized a failing coal industry, that pollutes.
