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February 4, 2011
GE Gets Exemption From Backdoor Cap & Trade
Posted by Dave Blount at February 4, 2011 12:04 PM
You won't find a more naked example of the corruption inherent in crony capitalism than Comrade Obama's symbiotic relationship with GE, which used its control of MSNBC to create a pro-Obama megaphone conspicuous even among the liberal media for the servility of its partisan propaganda. The devotion of GE/MSNBC talking heads and executives has been reminiscent of groveling toadies in fascist and communist regimes.
In return, Obama has pushed green energy boondoggles from which GE stands to make massive fortunes at the cost of affordable energy for the public. He has appointed CEO Jeffrey Immelt head of his economic advisory board. Now this:
Last month, the Obama EPA began enforcing new rules regulating the greenhouse gas emissions from any new or expanded power plants.
Nasty Pelousy managed to ram these new rules through the House as Cap & Trade. But they are so onerous, pointless, and economically destructive that they couldn't get through the Senate, despite Democrat control. So Obama is imposing them through the unaccountable EPA bureaucracy instead.
However, as the unions granted exemptions from ObamaCare can tell you, rules don't apply to Obama's friends. The Washington Examiner quotes subscription only Environment & Energy News:
The Obama administration will spare a stalled power plant project in California from the newest federal limits on greenhouse gases and conventional air pollution, U.S. EPA says in a new court filing that marks a policy shift in the face of industry groups and Republicans accusing the agency of holding up construction of large industrial facilities.
According to a declaration by air chief Gina McCarthy, officials reviewed EPA policies and decided it was appropriate to "grandfather" projects such as the Avenal Power Center, a proposed 600-megawatt power plant in the San Joaquin Valley, so they are exempted from rules such as new air quality standards for smog-forming nitrogen dioxide (NO2).
Why the sudden reasonableness toward Avenal Power Center, despite Obama's promise to make energy prices skyrocket by choking off supply? Probably because it plans to use turbines purchased from GE.
The bigger Big Government gets, the more essential it is to have the right friends if you expect to be allowed to do anything constructive.
On tips from G. Fox, J, Curtis, and AnonOnline.
