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(EPA) The ruling in West Virginia v Environmental Protection Agency (EPA) devastated members of the climate cabal, like Rep. Alexandria Ocasio-Cortez (D-N.Y.). While she usually prattles on about “our democracy,” today she was in a “ burn it all down” kind of mood for the planet. However, it was terrific news for anyone concerned about economic freedom and human flourishing.
West Virginia is the fifth largest producer of fossil fuel in the United States and the second largest coal producer. West Virginia State Treasurer Riley Moore hailed the ruling as a huge win for his state. “Coal and liquid natural gas run this state,” Riley said. “The administrative state in D.C. had to be rolled back. The EPA had no authority to make economy-shifting regulations. This is a win for West Virginia and the country.”
According to Moore, with the fossil fuel shortages created by Biden’s energy policy, the price of coal increased from $35 to $200 a ton. A significant amount gets exported. One of the biggest challenges for the industry is losing access to capital because of woke ESG policies from many banks and investment firms. Despite these challenges, West Virginia is bouncing back from the devastation caused by the Obama EPA’s Clean Power Plan.
“The initial push destroyed many of the best paying jobs in the state,” Riley said. “Easily in the tens of thousands for coal and coal-related employment. Drug addiction and joblessness exploded in the state. The whole environmental crusade is a solution looking for a problem. Human flourishing is tied to two things. Good jobs and affordable energy.”
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However, with higher coal prices, West Virginia is bouncing back. Moore said new coal mining operations started up, and with restrictions on capital, […]
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