President Joe Biden’s climate czar, Obama’s former Secretary of State John Kerry, flew his jet into Dubai for the U.N.’s Climate Change Conference to demand that no coal-fired power plants be built anywhere in the world.
In the meantime, China, which generates upwards of six times more power from coal than the U.S. does, is building or planning to build even more plants, with the new ones totaling more than the entire existing U.S. coal-fired fleet. And while communist China claims to have environmental laws as strong as those in the U.S., a well-placed bribe will get local communist apparatchiks to look the other way.
All the while, some 80 percent of mercury pollution in America comes to our shores from overseas — much of it from China.
The practical problem with Biden’s war on American coal — one of the few 2020 campaign promises he kept — is that even if the Biden administration is bending or breaking the rules to shut down American energy production, the effect goes far beyond regulations lawfully enacted. Investors hate risk.
