Friday, June 28, 2013

Invest, Divest and Prosper

---------- Forwarded message ----------
From: barry levine 
Date: Fri, Jun 28, 2013 at 9:15 PM
Subject: re: Invest, Divest and Prosper
To: ""

To the Editor:
  Although I tremble to write it, professor Krugman has got the economics of coal wrong. Reducing or eliminating coal-fired generation would reduce the cost of electricity, even as it increased the rate on our bills. The scandal of coal is that the public bears huge externalities--in atmospheric warming, in ocean acidification, in mercury poisoning, in environmental degradation--that far outbalance the profits of the coal industry.  With every kilowatt-hour generated, American coal costs America far more wealth than the mine owners pocket.
Barry Haskell Levine

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