|Coal jobs casualty of green policies|
|Written by Kristin McMurray|
|Wednesday, 30 June 2010 13:18|
Update: The bank has reversed its position on the bank loan, which will now go through, and has saved the 1,000 jobs at Bucyrus International Inc.
Two weeks ago Kerry was pitching that cap-and-trade would create more green jobs than would be lost. This was despite past real-life scenarios where green jobs cost the economy on average 2.2 jobs for every green job created.
Well, now we've seen the first casualties in America. According to First Things:
Up to 1,000 jobs at Bucyrus International Inc. and its suppliers could be in jeopardy as the result of a decision by the U.S. Export-Import Bank, funded by Congress, to deny several hundred million dollars in loan guarantees to a coal-fired power plant and mine in India.
This was the first fossil-fueled project to come under scrutiny and was denied under the Obama administration's preference to fund clean energy projects. Given the blows that man-made Global Warming theory has suffered this past year, I can't imagine green policies are worth 1,000 American jobs. And this job-destroying decision comes just as we expect a bad employment report on Friday.
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