Predictions that environmental rules would devastate coal plant were completely wrong

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When it was announced three years ago that a coal-fire power plant in Pennsylvania would have to reduce its output of pollution into the air, the anti-environment crowd and operators of the plant cried that there would be horrible consequences.

None of it happened; the predictions were wrong and now we have more proof that environmental regulations can protect us, without shutting down local economies or the national economy.

Sure, there are upfront costs. But then again, in many cases we’re talking about companies that pay CEO’s massive salaries each year. A report just came out noting the median CEO pay in the US has topped $10 million per year. (Note that is the MEDIAN annual paycheck.)

It’s like Donald Sterling, who is crying about the millions he will have to pay in capital gains tax if he sells the LA Clippers – for over a billion dollars – some reports suggest $2 billion.

Boo hoo hoo. Cry me an ocean. Poor little fella. He might ONLY profit in the hundreds of millions of dollars or maybe exceeding a billion. These people are so far removed from the rest of the population, they must have nose bleeds while looking over their portfolios, bank accounts and stock holdings.

So in getting back to the coal-fired plant, the Associated Press reports

GE Energy Financial Services, the plant’s majority owner, now says it can do it — and without electricity bills increasing for the two million households it provides with power.

And guess what. People are being employed to make the upgrades.

The article does note another company filed for bankruptcy this year, when faced with having to put in place protections for the local environment. But we don’t know the underlying details about this case.

If the Pennsylvania plant can do it, why not others. That facility will invest $750 million in protecting the people. The article explains how important the move is:

Last year, the facility, released 114,245 tons of sulfur dioxide, more than all of the power plants in neighboring New York combined.

Suggesting a company’s profits are more important than protecting the lives of citizens is more than clueless and wacky. We’ve known about the devastating impacts of pollution on our air, water and ground for decades. Companies should have been spreading out their investments in protecting the public for decades. Then, the financial impacts would not have been so large in one chunk.

But instead, too many industries have poured untold millions each year into campaign donations to elect anti-environment candidates. That money could have been used to protect the environment. It’s a really moronic way to go about polluting and putting the public health at risk.

 

PACK MENTALITY BLOG: Compassion - teamed with Science and Logic

2 thoughts on “Predictions that environmental rules would devastate coal plant were completely wrong

  1. On Sterling’s wining about paying a tax on his capital gains from sale of the Clippers: For assets held more than a year, the maximum capital gains tax rate for 2014 is a mere 20 percent. To put that in perspective, if you’re a single middle-class wage earner with a taxable income between $36,901 and $89,500, you pay *25* percent for each dollar of income over $36,901.

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