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View Diary: 101 Reasons to be Concerned About Coal Export (54 comments)

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  •  It's the Buffett Rule! (2+ / 0-)
    Recommended by:
    James Wells, Roadbed Guy

    Warren Buffett has the money, Obama is bending the rules to make it happen....  Whocoodanode Buffett and Gates would benefit from the Powder River Leases?

    •  Interestingly, Buffet would also be a big (0+ / 0-)

      winner if Keystone is blocked.

      IOW, he pretty much wins no matter what (and the planet loses, no matter what, ugh).

      •  More on Buffett, Gates & Obama (1+ / 0-)
        Recommended by:
        Roadbed Guy

        All the President's (Coal) Men:

        It would be easy to point an accusing finger at Salazar, the former cowboy senator from neighboring coal-rich Colorado who accepted massive amounts of contributions from dirty energy companies, and whose Bureau of Land Management quietly gave the green light for another 430 million tons of coal at the Antelope strip mine in Wyoming last year (within hours of the EPA's crackdown on mountaintop removal mining operations in central Appalachia).

        But I don't think Salazar is the culprit on this Wyoming spring sale: President Obama needs to be called out for his less than transparent catering to his long-time billionaire and coal-profiteering friends.

        Consider this: One month after jointly visiting Arch Coal's mammoth Black Thunder strip mine in Wyoming with a fleet of nine private jets, billionaires Bill Gates and Warren Buffett sat in President Obama's Oval Office on December 14th and discussed ways to improve the economy.

        As the CEO of Berkshire Hathaway, Buffett understands the economics of coal better than anyone: He owns the Burlington Northern Santa Fe Railroad that transports most of Wyoming's vast coal supply around the country, along with the utility company, MidAmerican Energy, which operates 11 coal-fired power plants, including four in Wyoming. To be fair, MidAmerican Energy also generates an estimated 2.9 MW of wind energy.

        (Little secret: While central Appalachia tends to make the news for its horrific mountaintop removal operations and underground mine disasters, Wyoming is truly King Coal, and provides 40 percent of our nation's coal production.)

        B.C. Protest on Buffett's Coal:
        Warren Buffett, the third wealthiest man on the planet (net worth: $44 billion), often referred to as the “Oracle of Omaha,” is the target of a May 5 action called for by Stop Coal B.C. Well, not Buffett directly, but a rail company he owns through his massive holding company, Berkshire Hathaway: Burlington Northern Santa Fe (BNSF) Railway.

        BNSF Railway is the second largest freight rail company in the United States and the exclusive carrier of thermal coal from coal basins in the northwestern U.S. to docks in British Columbia, where the dirty coal is exported to the global market, primarily to Asia.

        The action calls for activists to blockade BNSF’s four coal-loaded freight trains from reaching their final destination for the day and in the process, risk arrest. It is part of 350.org‘s broader “Connect the Dots” event taking place on Saturday, with actions planned throughout the world.

        •  You read all that and sometimes think that (1+ / 0-)
          Recommended by:
          splashoil

          ole crazy Ralphie maybe just maybe was correct . . . (about a few things, at least).

          And although this is a tad tangential, methinks it is worth emphasizing as well:

          On January 23, Bloomberg News reported Warren Buffett's Burlington Northern Santa Fe Railway (BNSF), owned by his lucrative holding company Berkshire Hathaway, stands to benefit greatly from President Barack Obama’s recent cancellation of the Keystone XL pipeline.

          If built, TransCanada's Keystone XL (KXL) pipeline would carry tar sands crude, or bitumen (“dilbit”) from Alberta, B.C. down to Port Arthur, Texas, where it would be sold on the global export market.

          Source: Desmogblog (http://s.tt/...)

          link

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