Coal-to-Liquid Fuel Promotion Act of 2007
Last Post 29 Jan 2009 04:30 AM by avenirbyard. 0 Replies.
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29 Jan 2009 04:30 AM
Unfortunately, there's a bill working through congress right now that would give coal companies billions of dollars to help them build coal-to-liquid plants. It would guarantee coal companies government contracts, including a $40-billion, 25-year deal with the air force. Peabody coal is literally fighting for trillions of dollars here.

At the same time, there are also bills in congress that would cap CO2 emissions and make coal-to-liquid technologies instantly obsolete. But there's not a lot of money behind the carbon neutral lobby, while Coal has millions to spend on congress. The unfortunate truth is, this bill has a chance of passing. For more in depth analysis, you can refer to the New York Times, as they've just done a marvelous write-up of the situation.

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