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Coal Not Bedrock Of Economy, Jobs
Views: 304
Jun 12 2014 09:50 PM | eds in Economy & Politics
Australia
The report, Seeing through the dust: Coal in the Hunter Valley economy,
. . . launched by the Australia Institute on Friday,
. . . finds that Hunter Valley residents, believe the local coal industry employs
. . . 4 times more people than it does, and that coal royalties contribute
. . . 10 times more income to the NSW Budget than is the case.
“The reality is that:
. . . 95% of Hunter workers do not work in the coal industry and only
. . . 2% of NSW government revenue comes from coal royalties.”
USA
US economist and New York Times columnist Paul Krugman,
. . . wrote in his blog this week: “coal mining accounts for only
. . .1/16th of 1% of overall US employment; shutting down the whole industry,
. . . would eliminate fewer jobs than America lost,
. . . in an average week during the Great Recession of 2007-9.”
“given that every major study makes clear,
. . . . . . that the cost of (climate) action is low,
. . . . . . that the new EPA power plant standards could spur investment,
. . . . . . that would give the ‘US economy a boost,’
. . . why is there such visceral opposition from conservatives?”
. . . And why aren’t people getting the real message about coal?
06-12-2014 Source: Coal not bedrock of economy, jobs
The report, Seeing through the dust: Coal in the Hunter Valley economy,
. . . launched by the Australia Institute on Friday,
. . . finds that Hunter Valley residents, believe the local coal industry employs
. . . 4 times more people than it does, and that coal royalties contribute
. . . 10 times more income to the NSW Budget than is the case.
“The reality is that:
. . . 95% of Hunter workers do not work in the coal industry and only
. . . 2% of NSW government revenue comes from coal royalties.”
USA
US economist and New York Times columnist Paul Krugman,
. . . wrote in his blog this week: “coal mining accounts for only
. . .1/16th of 1% of overall US employment; shutting down the whole industry,
. . . would eliminate fewer jobs than America lost,
. . . in an average week during the Great Recession of 2007-9.”
“given that every major study makes clear,
. . . . . . that the cost of (climate) action is low,
. . . . . . that the new EPA power plant standards could spur investment,
. . . . . . that would give the ‘US economy a boost,’
. . . why is there such visceral opposition from conservatives?”
. . . And why aren’t people getting the real message about coal?
06-12-2014 Source: Coal not bedrock of economy, jobs
