Tag Archives: Strategic Electric Generation Reserve

Trump Taxpayer-Funded Coal and Nuclear Bailout Decried as ‘Breathtaking Abuse of Authority’

Critics called the plan an “outrageous ploy” by Trump “to help his rich friends” at the expense of Americans’ pocketbooks and the environment

By Jessica Corbett, staff writer for Common Dreams. Published 6-1-2018

Photo: flickr

Environmental advocates on Friday responded with outrage to confirmation from the White House that President Donald Trump has ordered Energy Secretary Rick Perry to plot what’s being called an “unprecedented intervention” by the federal government to bail out financially strapped coal and nuclear power plants that can’t compete with the renewable energy sector.

“This is an outrageous ploy to force American taxpayers to bail out coal and nuclear executives who have made bad decisions by investing in dirty and dangerous energy resources,” declared Mary Anne Hitt, director of the Sierra Club’s Beyond Coal campaign. Continue reading

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