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How Obama’s environmentalism caused 1000 jobs to be outsourced

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Story from the Milwaukee Journal-Sentinel. (H/T Hot Air)

Excerpt:

Up to 1,000 jobs at Bucyrus International Inc. and its suppliers could be in jeopardy as the result of a decision by the U.S. Export-Import Bank, funded by Congress, to deny several hundred million dollars in loan guarantees to a coal-fired power plant and mine in India.

About 300 of those jobs are at the Bucyrus plant in South Milwaukee, where the company has 1,410 employees and its headquarters. The remaining jobs are spread across 13 states, including Illinois, Minnesota and Indiana.

On Thursday, the Export-Import Bank denied financing for Reliance Power Ltd., an Indian power plant company, effectively wiping out about $600 million in coal mining equipment sales for Bucyrus, chief executive Tim Sullivan said.

The fossil fuel project was the first to come before the government-run bank since it adopted a climate-change policy to settle a lawsuit and to meet Obama administration directives.

“President Obama has made clear his administration’s commitment to transition away from high-carbon investments and toward a cleaner-energy future,” Export-Import Bank Chairman Fred Hochberg said in a statement. “After careful deliberation, the Export-Import Bank board voted not to proceed with this project because of the projected adverse environmental impact.”

Ed Morrissey writes:

This decision won’t stop one carbon molecule from hitting the air.  In fact, it will likely make carbon emissions worse.  India will look for other vendors to supply the equipment, probably from neighboring Russia or China, as they will continue to build and operate the plant.  Both nations compete in the same marketplace as Bucyrus, but they don’t work as cleanly as the American company does, which means the end result will be lower efficiency and more pollution.

Democrats like Obama keep talking about eeeeeevil corporations that export jobs overseas to save costs rather than keep them in the US.  Well, Obama and his Congress just sent 1,000 jobs overseas — jobs Americans lost, and jobs that either Russian or Chinese workers will get instead. And instead of bankrupting this new coal plant, they just made it dirtier.  Good job!

When you attack corporations, you lose jobs. It’s that simple. Families are going to suffer for Obama’s climate change delusions. Let’s hope that the voters of Wisconsin have learned their economics lesson.

News

The Democrat war on science destroys our prosperity and our consciences

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Here are a couple of stories from IBD showing how the secular-left twists science in order to advance their socialist policy.

Obama’s cap-and-trade bill

The story is here. (H/T The Chilling Effect)

All Americans in the Midwest, South and Rocky Mountain regions will be most drastically affected because the climate change legislation will destroy the nation’s coal industry and the low-cost electricity it has provided to these regions for generations.

Wealth will be transferred away from almost every state to the West Coast and New England.

…Reliable estimates show that this bill will cost each American family at least $3,000 more in energy costs each year, notwithstanding the $2 trillion cost to the economy in just eight years.

…All these countries have stated that they will not place any restrictions on carbon dioxide emissions. China alone, which has surpassed the United States in carbon dioxide emissions, brings a new 500-megawatt coal-fired power plant on line every week. They will have low-cost electricity, and America will massively export more jobs to them.

I blogged here about the costs of this energy tax in more detail.

Stem-cell research

The story is here.

Excerpt:

Inspectors general are apparently not the only ones to pay for annoying the White House by doing their job. The 18-member council existed to provide the president with advice on the moral and ethical implications of the rapid advances in science and medical research. It exists no more.

The council existed to ponder whether we should do something just because we can. Apparently President Obama wanted not advice but agreement on such matters, particularly with regard to one of the panel’s areas of interest, embryonic stem cell research. So he has fired them.

Reid Cherlin, a White House press officer, told the New York Times that Obama saw the panel as “a philosophically leaning advisory group” handpicked by the Bush administration, and that he wanted to appoint a new bioethics commission that instead offered “practical policy options.”

I blogged here about the advantages of adult stem cell research compared to embryonic stem-cell research.