01 Jun '18, 10pm

Rick Perry Resorts to Subsidizing Coal With Measures Used in Wartime and Natural Disasters

Rick Perry Resorts to Subsidizing Coal With Measures Used in Wartime and Natural Disasters

Under the purported banner of national security, Energy Secretary Rick Perry appears again to have heeded the self-described “desperate” calls of coal baron Robert Murray in order to prop up dying coal and nuclear plants. This time, Perry is planning to resort to federal emergency measures typically employed during wartime or natural disasters, according to Bloomberg . Bloomberg first reported this latest development based on a draft Department of Energy (DOE ) memo: “ Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that could represent an unprecedented intervention into U.S. energy markets. The Energy Department would exercise emergency authority under a pair of federal laws to direct the operators to purchase electricity or electric generation capa...

Full article: https://www.desmogblog.com/2018/06/01/rick-perry-subsidiz...

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