Browsing the "bailout" Tag

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FirstEnergy wants taxpayers to bail out their dirty, expensive coal plants

This week FirstEnergy Solutions dropped a bombshell of an announcement – they filed notice with the grid operator to retire four fossil fuel plants, including the two largest coal plants ever announced for retirement: Sammis and Bruce Mansfield. The announcement makes it clear these coal plants are too old, dirty, and expensive to operate in a competitive market, and […]

September 1st

What to do About the Auto Industry?

Letting the auto industry go to hell in a handbasket is probably not an option. The impact on the economy would be one thing. But the direct and indirect human impact would be terrible.
That leaves us wondering how to square this particular circle. We are faced with a powerful combination of crises, both economic and environmental. Is there a way to address both at once? Well, yes.

December 20th

$700 Billion Bailout Includes Tax Credits For Renewable Energy Industries

Given the hue and cry that has been unleashed in America with regard to the bailout, there is finally good news for the renewable energy industry. The Emergency Economic Stabilization Act of 2008, passed by the House of Representatives and signed into law by President George Bush immediately afterwards, extends investment and production tax credits for the wind and solar industries. The extensions will be partly paid for by a change in the tax code for the oil and gas industry.

October 4th

Why Van Jones should be Obama’s Secretary of Prosperity

In his new book to be released next week, Van Jones lays out a sensible roadmap to solve our long term economic problems. How? By making sustainability the centerpiece of a national renewal. And, if we justify spending hundreds of billions on an economic solution no one completely understands, why can’t we make it an even greater priority to create a sustainable economy that will last us the next thousand years?

October 1st