Mr. Chairman and Members of the Committee, my name is Bernard Weinstein and I am the Associate Director of the Maguire Energy Institute at Southern Methodist University (SMU) and an adjunct professor of business economics at SMU’s Cox School of Business. Thank you for this opportunity to speak to you today.
Tagged: Clean Coal
Among its 645 pages of new red tape for power plants, the EPA states that its proposal “would result in significant reductions of GHG [Green House Gas] emissions that cause harmful climate change, while providing states with ample opportunity to design plans that use innovative, cost-effective strategies that take advantage of investments already being made in programs and measures that lower the carbon intensity of the power sector and reduce GHG emissions.”
Before President Obama took office in 2009, the amount of electricity being produced by coal-fired utilities was approximately fifty percent of the total. Today it is approximately forty percent and, when the Environmental Protection Agency regulations take effect as of June 2, more such utilities are likely to close their doors. The basis for the regulations is utterly devoid of any scientific facts.
After the global warming-battling Edwardsport coal gasification power plant used more power than it generated during the September-to-November time-frame, earlier this month information filed with the Indiana Utility Regulatory Commission showed the Duke Energy facility operated at less than 1 percent of capacity in February.
NLPC has detailed extensively the wastefulness and folly of spending billions of taxpayer and consumer dollars to subsidize wind energy, solar energy and electric vehicles, all in the name of fighting climate change.
But the complicated, uneconomical boondoggle that Duke Energy built in Edwardsport, Ind. so as to burn coal gas rather than coal – and thus produce less carbon dioxide than a traditional coal plant – may be the dumbest idea to fight imaginary global warming to date. If you swallow the alarmists’ premise and “solutions,” the plant so far is a joke, as recent evidence shows it is using more energy than it produces.
During the October 16 debate and on other occasions, when talking about energy policy President Obama has said he is for all of the above–oil, natural gas,”clean” coal, and renewable energy. “Clean”[…]
Oh, the irony. A new report by Greenpeace “puts Apple at bottom of green league table due to reliance on coal at data centres,” according to that reliably climate-alarmist British[…]