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America's Real Climate Policy — $35 Billion for New Coal Plants

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By Ross Gelbspan
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A Depression-era program to bring electricity to rural areas is using taxpayer money to provide billions of dollars in low-interest loans to build coal plants even as Congress seeks ways to limit greenhouse gasย emissions.

The beneficiaries of the government’s largesse โ€“ the nation’s rural electric cooperatives โ€“ plan to spend $35 billion to build conventional coal plants over the next 10 years, enough to offset all state and federal efforts to reduce U.S. greenhouse gas emissions over that time.

By Ross Gelbspan

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