What’s in your package?

A $4.6 billion coal gift in stimulus package, record profits for FutureGen members

While Peabody Coal, one of the prime sponsors of the FutureGen boondoggle in Illinois, announced an eightfold increase in profits in their fourth quarter reports for 2008, the Senate Appropriations Committee just approved legislation for an additional $4.6 billion in handouts to the coal industry as part of the stimulus package, in the guise of “clean coal.”


There’s a new detail on this “clean coal” money: $2 billion are no longer slated for zero emissions plants, but “near-zero emissions” power plants — so much for all of those TV ads about zero emissions.

What are near-zero emissions? Sorta like near-zero coal ash ponds and accidents, near-zero 10,000 black lung cases, near-zero workplace mining accidents, near-zero 1 million acres of strip mining and mountaintop removal, near-zero watershed contamination, and near-zero coal truck accidents?

This is on top of $2.8 billion the coal industry picked up in the last bailout.

Grist