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Tag: Chesapeake Energy
By JGillman, Section News
Obama Admin Takes Rent Seeking To A New Level.
I have been adding to this all week, and have tried to make it as concise as possible, but as more information became available, editing was required. Let me know if any clarification is needed.
I wrote at the beginning of the month about the coal fired plant in Marquette being threatened by a new and extremely aggressive set of EPA rules. The shutdown of that plant of course would leave in question the future of paper mills, and the electrical needs of yoopers. At least the future of the cost being at all affordable. The jobs that would be lost as higher costs come to bear also joined by a literal health care crisis as fewer would be insured, and less money in the pockets of those Michiganders would encourage poorer health choices.
Health, of course is the victim of the 'boogeyman' coal fired power industry. You've seen the ubiquitous American Lung Association "coughing baby" ads supporting the Obama EPA's push to shut down the coal industry, right? What might surprise you is that those ads are funded in part by Chesapeake Energy, the country's second-largest natural gas producer.
Coming amidst an impending decision by the EPA on the Utility MACT (maximum achievable control technology) rule that is expected to lead to job loses, plant shutdowns, and rolling blackouts across the country, this strange partnership raises a question. What does Chesapeake stand to gain, by pouring money into a seemingly disparate organization with extremely different objectives and priorities? Politico writes:
The ads come as the coal industry is at war with the Obama administration over new rules to curb pollution from coal-fired power plants. The EPA is expected to issue new rules on Friday to curb air toxics from power plants, which are estimated to cost industry about $10.9 billion each year.
Oh, so its an end-justifies-the-means kind of thing. Rent seeking. But when questioned, Chesapeake officials have stated that the flood of cash to ALA is merely business as usual for the company, which donates to "a wide variety and number of health and medical-related organizations. Well that's very responsible of them, bravo for being so charitable.
Or is it? (Below)
(2 comments, 3045 words in story) Full Story
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