Sad but not surprising that as the Greedy Lying Bastards of Big Carbon are being exposed and opposed in the United States, they are turning to less developed countries to make their megabucks. Tim Dickinson reports for Rolling Stone:
The greening of American energy is both real and profound. Since President Obama took office, the nation’s solar capacity has increased more than tenfold. Wind power has more than doubled, to 60,000 megawatts – enough to power nearly 20 million homes. Thanks to aggressive new fuel-efficiency standards, the nation’s drivers are burning nearly 5 billion fewer gallons of gasoline a year than in 2008. The boom in cheap natural gas, meanwhile, has disrupted the coal industry. Coal-power generation, though still the nation’s top source of electricity, is off nearly 20 percent since 2008. More than 150 coal plants have already been shuttered, and the EPA is expected to issue regulations in June that will limit emissions from existing coal facilities. These rules should accelerate the shift to natural gas, which – fracking’s risks to groundwater aside – generates half the greenhouse pollution of coal.
But there’s a flip side to this American success story. Even as our nation is pivoting toward a more sustainable energy future, America’s oil and coal corporations are racing to position the country as the planet’s dirty-energy dealer – supplying the developing world with cut-rate, high-polluting, climate-damaging fuels. Much like tobacco companies did in the 1990s – when new taxes, regulations and rising consumer awareness undercut domestic demand – Big Carbon is turning to lucrative new markets in booming Asian economies where regulations are looser. Worse, the White House has quietly championed this dirty-energy trade.
“The Obama administration wants to be seen as a climate leader, but there is no source of fossil fuel that it is prepared to leave in the ground,” says Lorne Stockman, research director for Oil Change International. “Coal, gas, refinery products – crude oil is the last frontier on this. You want it? We’re going to export it.”…
[continues at Rolling Stone]
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