Trump has Plenty of Accomplices in his Reckless Energy Policies
Some 360,000 Americans now work in the solar industry, more than in nukes and coal combined. In fact, more Americans are now working in California’s solar industry than are digging coal nationwide. And the U.S. wind business now employs more than 100,000 people.
But President Donald Trump wants to change that. He has already slammed the solar industry’s growth by slapping a 30 percent tariff on imported Chinese panels, slowing installations nationwide.
He’s also contemplating using an obscure Korean War-era “emergency” ordinance that would let the government bail out money-losing coal and nuclear plants at the expense of renewables.
The idea was presented to Trump while he dined with a lobbyist from the infamous Akron-based FirstEnergy, whose bad business decisions have hung it with four crumbling, money-losing nuclear power reactors and some eighty obsolete coal burners.
More than half the nation’s ninety-nine licensed commercial reactors are now losing money. FirstEnergy’s Davis-Besse, near Toledo, Ohio; Perry, east of Cleveland, Ohio, and Beaver Valley 1 & 2, outside Pittsburgh, Pennsylvania, are bleeding radioactive red ink. One might expect “free market” corporate executives to cut their losses and let competition determine how our energy will be generated.