by David Sassoon -
Dec 11th, 2007
The lead horse climate law now working its way through Congress contains a provision that hands over almost $400 billion in subsidies to the coal industry. That's according to this analysis of the Lieberman-Warner bill from Friends of the Earth. The subsidies are there to help the coal industry develop carbon sequestration technology to permanently bury emissions deep in the earth.
Thank goodness Lieberman-Warner is likely only a dry run, and there's still opportunity to fix it. $400 billion is a pretty hefty price tag if you consider that in the 1970s, the US was able to put a lid on the need for dirty coal for free.
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