When everyday market capitalism results in shelved or discontinued energy plant projects, who or what do you blame?ajax18 wrote: ↑Sat Nov 07, 2020 9:59 pmThe utility bill wss due to a failed biomass plant, an example of expensive green energy. But it was also due to the covid lockdown and many people being unable to pay. And also due to the leftist policies of urban southern cities.
Smirk away. What goes around comes back around whether ypu understand the consequences of your policies or not.
See this example:
https://www.powermag.com/west-virginia- ... t-shelved/
A developer has shelved a 920-MW natural gas-fired power plant planned for Brooke County, West Virginia, citing “changing conditions in the energy and financial markets” and alleged coal industry interference.
Energy Solutions Consortium (ESC), a single purpose entity engaged in developing natural gas-fired power plants in West Virginia and Pennsylvania that has been active since 2011, said in an Oct. 9 news release that it would not move forward with a $5.6-million loan guarantee that the West Virginia Economic Development Authority (EDA) approved for the project on Sept. 9.
“Due to changing conditions in the energy and financial markets, the company has decided that it is not prudent and in the best interest of all stakeholders, including the state, to move forward with the state’s lending and therefore will not complete the loan that was approved this summer,” the company said on Friday.
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(T)he project was fiercely opposed, by the West Virginia Coal Association, a trade group that this August endorsed Gov. Justice for re-election. In a letter to the EDA on Sept. 8, the group’s senior vice president, Chris Hamilton, said the proposed Brooke County plant would displace coal mining jobs. “It makes no sense to us and fails to make sound economic policy to simply trade one state energy job for another or worse yet, to trade one state energy job for several others,” he wrote.
The coal association has backed the development of natural gas resources, including advocating for the construction of a storage hub, pipelines, liquefied natural gas exports, fracking, and natural gas–based legislation, Hamilton wrote. “Frankly, where we draw the line is when gas projects or renewables serve to displace active coal production, coal miners or others within the broader coal economy.
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The project had the backing of the West Virginia Chamber of Commerce and the West Virginia Independent Oil and Gas Association, as well as the Affiliated Construction Trades. These groups suggested that the project would have boosted demand for West Virginia natural gas production—the Brooke County Power project was slated to become the largest downstream user of natural gas in the Mountain State—and driven economic development in a region, where coal production fell 10% in 2019 compared to 2018.