Earlier this week, 3 utility execs wrote an editorial in the Richmond Times Dispatch asking for further weakening of the Waxman/ Markey climate bill. We need to get the truth out! This bill has already been seriously compromised and we cannot allow it to be watered down any further.
Check out the article.
DOMINION: “Boucher has worked tirelessly to listen to those most interested and affected by the legislation and has been a leader in finding common ground.”
FACT: In reality, Boucher has only listened to the coal industry representatives who contributed more than $176,000 to his last campaign. The result of Boucher’s work will accelerate global warming at the cost of consumers. There is nothing balanced about this bill. The work Boucher has done hurts working families while paying off energy executives.
DOMINION: “In particular, the proposed emission targets for 2020 are too aggressive and outpace expected technologies, and the time of transition to a full auction of allowances should be extended.”
FACT: The proposed emissions targets are already too weak to be a serious solution to curbing greenhouse gas emissions which cause global warming. The current proposal is for 17% below 2005 levels by 2020 and 83% by 2050. To make any headway in fighting global warming pollution, these standards should be set at 25-40% below 1990 levels by 2020 and 80-95% by 2050. The current proposal is a far cry from these numbers.
Polluters shouldn’t be given any free credits let alone more than the 85% that is already allotted to them. Giving away permits will result in windfall profits for the energy companies while ratepayers foot the bill.
DOMINION: “We employ thousands of workers and have plans to invest billions over the next five to 10 years on infrastructure to meet the energy demands of our more than 11 million customers.”
FACT: Utilities, especially these three in the southeast, are doing very little in the way of energy efficiency and renewables. Matter of fact, Dominion and Duke are both are planning to build new coal-fired power plants in Virginia and North Carolina respectively. Clearly when they say they are investing billions over the next 5 years to meet growing energy demands, they are continuing to look towards old, dirty fuel sources instead of using new, alternatives. They can do better.