EDF Statement: Report Finds Comprehensive Methane Rules Are Cost-Effective for New Mexico
EPA Denies New York’s Request for Help with Cross-State Air Pollution
High Level Panel Report Shows Hope for a Climate-Impacted Ocean
EDF, China Electricity Council Agree to Collaborate with Key Players in US and China Carbon Markets
FirstEnergy is shaking in their boots over HB6 ballot initiative
Bonanza for bondholders
FirstEnergy Solutions argued HB 6 was a jobs bill that would save some 1,300 workers at its two uneconomic nuclear reactors. The utility simultaneously tried to gut the pensions of those very workers who appeared in countless commercials pleading the case for FirstEnergy Solutions. The real beneficiaries of HB 6 are the Wall Street hedge funds that gambled on loans to FES, hoping their lobbyists could buy a legislative bailout that would lead to huge profits. According to a managing director at Chapman Strategic Advisors, “If passed, the legislation would create upside for holders of roughly $2 billion of debt issued by FirstEnergy.”
Put another way, Wall Street is trying to milk Ohio’s Main Streets for all they’re worth. Maybe that explains why FES’s advertisements and actions have become so outlandish.
Desperate rhetoric
FirstEnergy and its allies seem a little scared — $3.3 million and counting scared. That’s how much they’ve spent recently on commercials trying to block a voter referendum that would take away their bailout. Offering no evidence, their commercials and blanket-mailed flyers suggest the removal of their subsidy would allow the Chinese government to take over Ohio’s electricity grid and steal our personal information. The argument is a bit funny since a Chinese state bank actually owns a $111 million share of FirstEnergy.
Moving beyond frantic rhetoric, the utility even hired “blockers” to discourage Ohioans from signing a petition to place the referendum on the November 2020 ballot. One such “blocker” has been charged with assaulting a signature gatherer and smashing his phone.
The Columbus Dispatch calls the FES claims and actions “garbage” and a “crude and unprincipled assault on the democratic process.” The Chinese threat, it continues, “is a ridiculous invention and an insult to voters’ intelligence.”
Unusual
It’s important to remember that it’s not usual for a bankrupt utility and its allies to spend $60 million on a legislative campaign to get a state bailout law passed. It’s also not usual for them to spend millions more to block the signature collecting that would allow Ohioans to vote on that massive subsidy. “I’m a disinterested observer, and the amount of money being spent around this issue is remarkable, and beyond anything in modern Ohio history,” said Mark Weaver, a Republican consultant who’s worked on more than a dozen state issue campaigns.
Why, you might ask? Perhaps the most succinct answer comes from Dale Butland, a former chief of staff to Sen. John Glenn, who calls the FirstEnergy campaign “breathtakingly dishonest. … I think they’re scared to death that this will go to the ballot. So I think they’re pulling out all the stops to keep it from getting there.”
FirstEnergy and its Wall Street creditors will claim almost anything, and hire almost anyone, in order to protect their $1 billion bailout. They know Ohioans are not on their side.
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EDF, China Electricity Council Agree to Collaborate with Key Players in US and China Carbon Markets
Can Facebook, Google and Microsoft inspire innovation at Climate Week?
Can Facebook, Google and Microsoft inspire data center innovation at Climate Week?
The Getting to Zero Coalition: a step further towards decarbonization
The Getting to Zero Coalition: a step further towards decarbonization
The Getting to Zero Coalition: a step further towards decarbonization
The Climate Strike in NYC Sent a Powerful Message Demanding Action
Written by Marcia G. Yerman
Tens of thousands of people took to the streets in New York City for the Global Climate Strike to rally for action to fight climate change.
Peer reviewers confirm EPA has failed to show Pigment Violet 29 doesn’t present unreasonable risk
Peer reviewers confirm EPA has failed to show Pigment Violet 29 doesn’t present unreasonable risk
Peer reviewers confirm EPA has failed to show Pigment Violet 29 doesn’t present unreasonable risk
Richard Denison, Ph.D., is a Lead Senior Scientist. Late on Friday, EPA quietly posted the final peer review report of the Scientific Advisory Committee on Chemicals (SACC) for pigment violet 29, the first chemical for which EPA issued a draft risk evaluation under the Toxic Substances Control Act (TSCA) as amended in 2016. No wonder EPA […]
The post Peer reviewers confirm EPA has failed to show Pigment Violet 29 doesn’t present unreasonable risk first appeared on EDF Health.
Peer reviewers confirm EPA has failed to show Pigment Violet 29 doesn’t present unreasonable risk
Delta Dispatches: Celebrating #NationalEstuariesWeek
Delta Dispatches: Celebrating #NationalEstuariesWeek
On this week’s episode of Delta Dispatches, we’re celebrating #NationalEstuariesWeek! Our friend Kristi Trail, executive director of Lake Pontchartrain Basin Foundation, drops by to talk about one of our favorite estuaries, the Lake Pontchartrain Basin! Learn more about this vital ecosystem and work LPBF is doing to protect it 30 years after the organization’s founding. Later in the show, Simone and Jacques are joined by Angela Chalk, executive director of Healthy Community Services to talk about the importance of water ...
Read The Full StoryThe post Delta Dispatches: Celebrating #NationalEstuariesWeek appeared first on Restore the Mississippi River Delta.
Delta Dispatches: Celebrating #NationalEstuariesWeek
On this week’s episode of Delta Dispatches, we’re celebrating #NationalEstuariesWeek! Our friend Kristi Trail, executive director of Lake Pontchartrain Basin Foundation, drops by to talk about one of our favorite estuaries, the Lake Pontchartrain Basin! Learn more about this vital ecosystem and work LPBF is doing to protect it 30 years after the organization’s founding. Later in the show, Simone and Jacques are joined by Angela Chalk, executive director of Healthy Community Services to talk about the importance of water ...
Read The Full StoryThe post Delta Dispatches: Celebrating #NationalEstuariesWeek appeared first on Restore the Mississippi River Delta.
Is the oil and gas industry serious about climate?
Hundreds of diplomats and heads of state will converge on the United Nations this week to discuss urgent actions to prevent catastrophic climate change. Just a few blocks away, CEOs and other top executives of the world’s largest oil and gas companies will host a meeting of their own, where they will also be talking […]
The post Is the oil and gas industry serious about climate? appeared first on Energy Exchange.