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China is Building 34 Times More Coal Than Exists In Minnesota, So Why Are We Raising Our Power Prices?

According to an article in The Financial Times, China is set to add new coal-fired power plants equivalent to the EU’s entire capacity. as the world’s biggest energy consumer ignores global pressure to rein in carbon emissions in its bid to boost a slowing economy. The article states that China is building 148 gigawatts, or 148,000 megawatts, of coal. For context, Minnesota has 4,309 MW of coal, meaning China will build 34 times more coal-fired power plants in the coming years than currently exist in the Land of 10,000 Lakes. In fact, these coal additions mean will nearly eclipse the entire...

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High Electricity Prices Killed More Than 1,280 People in Japan After The Government Foolishly Shuttered All Nuclear Facilities Following Fukushima

High electricity prices are deadly. That's the conclusion reached by a new paper produced by the National Bureau Of Economic Research (NBER), which investigated the relationship between electricity prices and mortality after the Japanese government's decision to shut down all of its nuclear power plants following the Fukushima meltdown in March of 2011. According to NBER, shutting these plants down came at enormous costs, both economic and human. The paper reads: "To meet electricity demands, the reduction in nuclear energy production was offset by increased importation of fossil fuels, which increased the price of electricity by as much as 38 percent in some...

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Alliant Energy to Close Iowa Nuclear Plant for More Wind. Bad for Ratepayers, Bad for the Environment

Alliant Energy, the electric company in Iowa that wants to increase electricity costs for its consumers by $240 per year to add more wind to their grid, now wants to shut down their existing nuclear plant, which produces electricity with no carbon dioxide emissions, so they can repower existing wind turbines add more wind. According to an article from S&P Global Platts: A spokesman for the Iowa utility subsidiary said Monday that Interstate Power and Light currently meets 25% of its customer demand in the state through an off-take agreement with NextEra Energy Resources, which owns the majority interest in the 615...

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Capitalism is Saving the Planet Part 5: American Farmers Are Saving the Trees Through Innovation

On Tuesday, I wrote about how a recent study has found that there are more trees and vegetation today than there was 30 years ago, despite the fact that there are about 3 billion more people on the planet today than there was in 1980. One of the key reasons for this regrowth of trees around the world was agricultural abandonment, meaning we are using fewer acres to grow our food and these acres are now free for the trees. If one were to assume the gloom and doomers are correct, this should mean that food prices have skyrocketed and that there...

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Isaac Orr: Minnesota’s High Electric Bills Will Continue to Rise Higher

This article originally appeared in today's Pioneer Press. The version below is the same text, but with graphics added. Xcel Energy recently unveiled its plan to prematurely retire its coal plants and replace them with billions of dollars’ worth of wind, solar, and most importantly, natural gas. Unfortunately, Xcel’s plan will constitute a large increase in electricity costs for Minnesota families, businesses and schools, and these costs would far exceed any potential environmental benefit. Many people may not realize that Minnesota residential electric bills reached a new all-time high in 2018. In fact, these bills exceeded $103 per month for the first time ever...

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