Friday, June 12th, 2009

Another one from Mr. Biggers:

http://www.huffingtonpost.com/jeff-biggers/clean-coal-knee-capping-s_b_214927.html

On the heels of a major Wall Street Journal report that we are reaching “peak coal,” and revelations that the Bush administration buried a 2002 report on the cancer risks associated with coal ash, Secretary of Energy Steven Chu made a $1.073 billion down payment today on the construction of FutureGen, “the first commercial scale, fully integrated, carbon capture and sequestration project in the country in Mattoon, Illinois.”

Chu’s buy-in into “clean coal,” a phrase that young liberal Democrat Francis Peabody first used back in the 1890s to peddle his brand of “smoke-free” clean coal in Chicago, places him in the company of FutureGen Alliance promoters like Peabody Energy, whose first quarter 2009 profits “only tripled” this spring–Peabody celebrated an 8-fold increase in profits in the last quarter of 2008.

… Read the entire article here.

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