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Ben Jervey: Subsidized to the end – not even corporate welfare can save Big Coal.

This year, two energy companies that have each received billions of dollars in subsidies and financial support from the federal government are going into bankruptcy. You might think, in this post-Solyndra political environment, that conservative commentators and politicians would be lining up at the Fox News studios to call for some heads to roll.

But, no. Even though these companies have benefited from enough federal subsidies to make the Solyndra loan look like pocket change, there’s no outrage. Because they are coal companies (not solar), the story isn’t about how the federal government spent decades propping them up, it’s about how the president’s Clean Power Plan is taking them down.
http://www.desmogblog.com/2016/03/25/not-even-corporate-welfare-can-save-big-coal & http://www.dailyclimate.org/t/5863920798415471988

March 30, 2016 - Posted by Christina Macpherson | general