Common Dreams reports
FirstEnergy Solutions (FES)--together with its subsidiaries FirstEnergy Generation and FirstEnergy Nuclear Operating Company--announced its bankruptcy [April 1] after years of short-sighted business decisions and executive mismanagement that resisted investing in clean, renewable energy, and its workers. The company now has a serious obligation to protect its workers and their benefits from the bankruptcy process, as well as meet its environmental responsibilities--particularly if its coal and nuclear power plants are retired or sold.
FES has power plants in Ohio, Pennsylvania, and Indiana.
In response, Mary Anne Hitt, Director of Sierra Club's Beyond Coal campaign, released the following statement:
"FirstEnergy Solutions' bankruptcy is a cautionary tale for utilities, investors, and public officials who think the coal and nuclear industries will somehow rebound in the coming years. They will not. America's 21st century energy market demands cheap, flexible energy resources that can rapidly shift with electricity demands and don't pollute local air and water. Coal and nuclear plants are too expensive and too dirty to compete in the modern market.
"FirstEnergy Solutions is in bankruptcy because it continually ignored America's shift to clean energy by investing in uneconomic coal and nuclear plants which have been losing money for years. Now it's time for the company to accept its mistakes and concentrate on protecting its workers and their benefits during the bankruptcy process, while also meeting its environmental obligations--particularly if its plants are decommissioned or sold. FES must do everything it can to help those being harmed by its negligent business practices and focus on transitioning them to new economic opportunities."
(Score: 0) by Anonymous Coward on Wednesday April 04 2018, @09:56PM (2 children)
Citation needed, and even if you are correct that just means the Oil Barons have no need to advertise since they are ridiculously entrenched and it would likely backfire with how many people know the truth.
I guess your brain is still soft enough to absorb that crap though, not like they need to bleach your brain any more in their favor.
(Score: 1) by khallow on Thursday April 05 2018, @02:14AM
Why? What would be the point of the exercise?
In other words, you're already weaseling out of a losing argument.
What crap?
(Score: 1) by khallow on Thursday April 05 2018, @02:42AM
Also, if you had actually read this thread you would have noticed that I gave such a citation earlier in this thread.