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Public Citizen and other environmental groups urge
Dynegy shareholders at their annual shareholder meeting this Friday in
Houston to send a clear message to the board that they don't want the
Sandy Creek coal-fired power plant, located in Riesel, southeast of
Waco, to be built. Dynegy has pulled out of many similar ventures to
build new coal plants but has not yet cancelled its plans to invest in
Sandy Creek, of which it is a 32 percent owner.
Activist groups are releasing a report today that should lead
shareholders to question Dynegy's financial ability to build new
coal-fired power plants.
"Dynegy's recent actions indicate that corporate executives know
building new coal plants is an unnecessary financial risk, yet they
keep developing the Sandy Creek plant. It just doesn't make sense,"
said Tom Smith, director of Public Citizen's Texas office.
Dynegy recently dissolved its joint venture with LS Power to develop
its "greenfield" projects - new coal-fired power facilities - in
Arkansas, Georgia, Iowa, Michigan and Nevada. It also pulled out of the
"Plum Point" coal plant in Arkansas, in which it was a 20 percent
Public Citizen, Sierra Club, The SEED Coalition and Green America
recently released an analysis conducted by Tom Sanzillo of TR Rose
Associates on the financial risks that Dynegy's continued investment in
the Sandy Creek coal plant poses for the company. Although the most
prominent risk is impending carbon legislation from the federal
government, others include: the increasing costs of construction,
decreasing electric rates in Texas, lower prices of natural gas,
deteriorating credit ratings, and the credibility and financial
stability of investment partners (including coops). Sanzillo sums it up
perfectly: "The general question is: Why was the Sandy Creek plant any
less of a financial risk than the six plants that were abandoned?"
"Dynegy was the largest developer of new coal-fired power plants in
the country, so its decision this January to drop five planned coal
plants signals a major step toward a clean energy future," said Neil
Carman, Clean Air Program director for the Lone Star Chapter of the
Sierra Club. "The construction of another coal-fired power plant such
as Sandy Creek would be a giant step backward toward dirty air and
global warming. We encourage all utilities to abandon their dirty plans
for coal plants and to invest instead in clean energy solutions such as
efficiency and renewables."
Sierra Club has filed a lawsuit against Dynegy challenging its
failure to meet federal "maximum achievable control technology"
standards for hazardous air pollutants - particularly toxic substances
such as mercury and hydrochloric acid -- at its proposed
Sandy Creek plant.
Sandy Creek is slated to be a 900-megawatt, pulverized coal plant
that will import coal from the Powder River Basin in Wyoming. The Texas
Commission on Environmental Quality granted Sandy Creek an air permit
that will allow it to emit 3,585 tons of sulfur dioxide, 3,226 tons of
nitrogen oxides, 1,490 tons of particulate matter and 150 pounds of
highly toxic mercury every year, in addition to other pollutants and
toxic heavy metals. It is currently under construction and expected to
begin operations in 2012.
"Considering increasing construction costs and other financial risks
of such projects, especially the expected increased cost of emissions
due to pending federal cap-and-trade legislation, Dynegy should halt
investment in Sandy Creek now and cut its losses," Said Karen Hadden,
executive director of the Sustainable Energy and Economic Development
This week, the House Energy and Commerce Committee is marking up the
American Clean Energy and Security Act, a landmark piece of legislation
that will limit greenhouse gas pollution and put a price on carbon
dioxide emissions. Carbon legislation from the federal government will
impact plants like this the hardest.
The Sandy Creek coal plant will be even more expensive than existing
plants in the area, which use locally mined lignite coal for fuel,
because it will require coal to be brought in from out of state.
Considering fuel costs and transportation costs, the power provided by
Sandy Creek may be more costly than typical coal plants.
Said Yochi Zakai, Climate Action campaign coordinator for Green
America, "It is time for Dynegy to pull the plug on all
carbon-intensive coal projects, which will see increased costs from any
global warming regulation, and instead make a sound investment in
America's clean energy future."
Four cooperatives in Georgia recently pulled out of a newly proposed
plant, the Washington County Power Station. GreyStone Power (a metro
Atlanta cooperative), Excelsior EMC, Jackson EMC and Diverse Power Inc.
all divested themselves from the project, citing concerns about pending
federal regulation. Another newly proposed coal plant in Montana, the
Highwood Generating Plant, was scrapped by investors, largely due to
the Yellowstone Valley Cooperative's desire to abandon the project.
This shows how all across the country, coops and other investors are
waking up and realizing that investing in new coal plants is an
unnecessary risk, Smith said.
The Brazos Electric Cooperative, another investor in the
Sandy Creek plant, was unable to acquire a loan from the Rural Utility
Services (RUS) for investing in the plant, further weakening the
financial stability of the project. RUS has publicly stated that it has
a moratorium on granting loans for new coal-fired power plants. Coops
and partners are not having an easy time funding any of these new
coal-fire power plants.
To download the press release and view Tom Sanzillo's analysis, please visit www.coalblock.org. For more information on the Sandy Creek Power Plant, visit www.stopthecoalplant.org.
Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.(202) 588-1000
“We cannot continue to capitulate to a far-right Republican Party and their extreme demands while they inflict policy violence on working-class people, gut our bedrock environmental protections, and decimate our planet," said Rep. Rashida Tlaib.
Nearly 40 members of the Congressional Progressive Caucus broke with the majority of their House Democratic colleagues late Wednesday to vote against the debt ceiling agreement negotiated by President Joe Biden and Republican leaders.
The legislation, which would lift the debt ceiling until January 2025 and enact painful caps on non-military federal spending, passed the GOP-controlled House by a vote of 314 to 117, with 165 Democrats joining 149 Republicans in supporting the measure.
The bill's passage came after weeks of talks between the White House—which repeatedly said it would not negotiate over the debt ceiling—and Republicans who manufactured the standoff to pursue austerity for low-income Americans, gifts for rich tax cheats, and handouts to the fossil fuel industry.
While Republicans didn't get anything close to what they called for in legislation they passed in late April, progressives who voted against the bill on Wednesday said the final agreement will harm vulnerable people and the planet by imposing new work requirements on aid recipients and approving the Mountain Valley Pipeline—a top priority of fossil fuel industry ally Sen. Joe Manchin (D-W.Va.).
Progressives also raised alarm over a provision that would codify the end of the student loan payment pause, setting the stage for a disaster if the U.S. Supreme Court strikes down the Biden administration's debt cancellation plan.
"I cannot vote for a bill that guts key environmental protections and greenlights dirty fossil fuel projects for corporate polluters who are poisoning our communities, pushes our residents deeper into poverty by implementing cruel and ineffective work requirements for our low-income neighbors who rely on SNAP and TANF for food and housing, terminates the student loan payment pause, and slashes IRS funding to make it easier for the rich to cheat on their taxes," Rep. Rashida Tlaib (D-Mich.) said in a statement.
"We cannot continue to capitulate to a far-right Republican Party and their extreme demands while they inflict policy violence on working-class people, gut our bedrock environmental protections, and decimate our planet," Tlaib added, referring to the bill's work requirements for food aid.
In total, 36 members of the Congressional Progressive Caucus (CPC) voted against the legislation:
Reps. Tlaib, Pramila Jayapal (D-Wash.), Cori Bush (D-Mo.), Alexandria Ocasio-Cortez (D-N.Y.), Mark Pocan (D-Wis.), Summer Lee (D-Pa.), Greg Casar (D-Texas), Rosa DeLauro (D-Conn.), Jim McGovern (D-Mass.), Barbara Lee (D-Calif.), Dan Goldman (D-N.Y.), Jimmy Gomez (D-Calif.), Nanette Barragán (D-Calif.), Jamaal Bowman (D-N.Y.), Jan Schakowsky (D-Ill.), Chuy García (D-(Ill.), Delia Ramirez (D-Ill.), Frederica Wilson (D-Fla.), Raúl Grijalva (D-Ariz.), Jared Huffman (D-Calif.), Sydney Kamlager-Dove (D-Calif.), Gwen Moore (D-Wis.), Grace Meng (D-N.Y.), Ayanna Pressley (D-Mass.), Jerry Nadler (D-N.Y.), Melanie Stansbury (D-N.M.), Val Hoyle (D-Ore.), Juan Vargas (D-Calif.), Nikema Williams (D-Ga.), Sylvia Garcia (D-Texas), Adriano Espaillat (D-N.Y.), Mark DeSaulnier (D-Calif.), Jasmine Crockett (D-Texas), Yvette Clarke (D-N.Y.), Judy Chu (D-Calif.), and Suzanne Bonamici (D-Ore.).
But the CPC members who joined Republicans in voting yes on the bill, including prominent progressive Rep. Ilhan Omar (D-Minn.), outnumbered those who opposed it.
Jayapal, the CPC chair, said Wednesday that she could not in good conscience be part of the Republican Party's "extortion scheme" by voting for legislation that "rips food assistance away from poor people and disproportionately Black and brown women, pushes forward pro-corporate permitting policies and a pipeline in direct violation of the community's input, and claws back nearly 25% of the funding Democrats allocated for the IRS to go after wealthy tax cheats."
Bush, who represents St. Louis, added that "this agreement, whose worst elements are undoubtedly the fault of MAGA Republicans who shamefully took our economy hostage, pairs raising the debt limit with many policies that will harm our most vulnerable communities."
"I am disgusted with the chief hostage taker Kevin McCarthy and his MAGA insurrectionist conference for threatening economic catastrophe," said the Missouri Democrat. "For the good of our country, and to prevent the GOP from politicizing the debt ceiling to harm our communities moving forward, I believe we must eliminate the debt ceiling altogether."
The bill now heads to the Senate, where lawmakers are expected to act before the June 5 debt-limit deadline set by the Treasury Department.
Sen. Bernie Sanders (I-Vt.), the lone Senate member of the CPC, announced ahead of Wednesday's House vote that he will oppose the legislation, calling it "a bill that takes vital nutrition assistance away from women, infants, children, and seniors while refusing to ask billionaires who have never had it so good to pay a penny more in taxes."
According to the Center on Budget and Policy Priorities, the measure's new work requirements for Supplemental Nutrition Assistance Program recipients would put nearly 750,000 low-income adults between the ages of 50 and 54 at risk of losing food aid.
"The fact of the matter is that this bill is totally unnecessary," Sanders said. "The president has the authority and the ability to eliminate the debt ceiling today by invoking the 14th Amendment. I look forward to the day when he exercises this authority and puts an end, once and for all, to the outrageous actions of the extreme right-wing to hold our entire economy hostage in order to get what they want."
"President Biden and the Democratic Party should know the passage of this negotiation is the type of harmful decision that makes our generation feel disillusioned and defeated," said the Sunrise Movement's leader.
As the U.S. House of Representatives prepared to vote on President Joe Biden's debt limit deal with GOP negotiators Wednesday evening, the youth-led Sunrise Movement warned Democrats that the so-called Fiscal Responsibility Act could have a major impact on the 2024 elections.
"When we're knocking on doors and on college campuses, we constantly hear young people in our generation feel like the government doesn't work for them," said Sunrise Movement executive director Varshini Prakash in a statement. "This debt ceiling deal tells these young people that the U.S. will keep polluting our air and water by approving the Mountain Valley Pipeline, that our government will make life harder for working people, and that our system values billionaires over students."
"Democrats must stop the Mountain Valley Pipeline and achieve their climate goals if they want to energize Gen Z to get out and vote in 2024."
While the proposal would suspend the debt ceiling until 2025, in addition to greenlighting the contested gas pipeline, it would freeze nonmilitary spending, impose new work requirements for federal aid like the Supplemental Nutrition Assistance Program (SNAP), resume student loan repayments, controversially reform permitting for energy projects, and repeal some funding intended to help the Internal Revenue Service crack down on rich tax cheats.
"President Biden and the Democratic Party should know the passage of this negotiation is the type of harmful decision that makes our generation feel disillusioned and defeated about the state of our politics," Prakash warned Wednesday.
"Building new fossil fuel infrastructure right after the approval of the Willow project is politically and morally dangerous, but it's not too late to fix this," the climate activist continued, referring to ConocoPhillips' oil development in Alaska. "Democrats must stop the Mountain Valley Pipeline and achieve their climate goals if they want to energize Gen Z to get out and vote in 2024."
\u201cThe GOP doesn\u2019t have the votes they need to pass this deal. If Democrats hold the line, we can stop it.\n\nTell Dems to vote for a clean debt ceiling deal \u27a1\ufe0f https://t.co/PmR7HGH6F1\u201d— Sunrise Movement \ud83c\udf05 (@Sunrise Movement \ud83c\udf05) 1685464612
Last year, as Common Dreamsreported at the time, young voters played a key role in preventing a "red wave" that political pollsters and pundits anticipated based on previous midterm elections, helping Democrats secure major congressional and gubernatorial victories as well as advancing a variety of progressive ballot measures.
Biden is seeking reelection next year and former President Donald Trump is leading polls for the GOP primary, followed at a distance by Florida Gov. Ron DeSantis. There will also be fierce battles for both chambers of Congress—currently, the fractured Republican Party holds a slim House majority, and Democrats control the Senate but lack enough votes to defeat filibusters.
Since Biden and House Speaker Kevin McCarthy (R-Calif.) finalized their deal over the weekend—after Republicans refused to vote on a clean debt ceiling hike, despite U.S. Treasury Secretary Janet Yellen's warnings of an economically catastrophic default by June 5—a growing number of progressive lawmakers have come out against the White House's compromise.
As Common Dreams reported earlier Wednesday, Rep. Raúl Grijalva (D-Ariz.) decried the GOP's "reckless hostage-taking" and highlighted that "House Republicans raised the debt ceiling with no preconditions three times under the Trump administration."
Other House progressives who have made their opposition to the Fiscal Responsibility Act clear include Reps. Jamaal Bowman (D-N.Y.), Cori Bush (D-Mo.), Ro Khanna (D-Calif.), Alexandria Ocasio-Cortez (D-N.Y.), and Pramila Jayapal (D-Wash.), who chairs the Congressional Progressive Caucus (CPC).
"Tonight I'll be voting NO on Republicans' hostage bill that maliciously weaponized the debt limit. I came to Congress to stand up for our NY-16 community, kids, and families, but this austerity bill will only end up hurting the people I came here to fight for," Bowman said. "This bill will make the poor poorer, hungrier, and sicker, while further enriching the rich through the prison, fossil fuel, and military-industrial complex."
\u201c"...I cannot, in good conscience, vote for a bill that makes it easier for fossil fuel companies to pollute and destroy the planet by fast-tracking the disastrous Mountain Valley Pipeline."\n\nThank you for standing up for our generation, @SenSanders.\u201d— Sunrise Movement \ud83c\udf05 (@Sunrise Movement \ud83c\udf05) 1685562682
After U.S. Sen. Bernie Sanders (I-Vt.) came out against the bill on Wednesday, other progressives in the upper chamber joined him—including Sen. Ed Markey (D-Mass.), who tweeted that "I will not support a deal to fast-track dirty fossil fuel projects at the expense of environmental justice. I will not give polluters a Get Out of Jail Free card. I will vote NO on the default deal."
"Republicans racked up trillions in debt under Trump and would now rather deprive struggling families of food and financial security than ask the wealthy to pay their fair share in taxes," Markey added, as Republican lawmakers plan to unveil a tax proposal that would further serve rich individuals and corporations.
Sen. Jeff Merkley (D-Ore.) also came out against the bill. Along with detailing his critiques of several provisions in a lengthy statement, he warned that "yielding to this blackmail only guarantees that Republicans will use the debt limit to hold America hostage time and time again."
"Today looks like it might be the start of a new chapter in Amazon's history," one organizer of the nationwide protest remarked optimistically.
More than 1,000 Amazon corporate workers and allies rallied outside the e-commerce giant's Seattle headquarters on Wednesday to protest the company's return-to-work policy and what they called its failure to fulfill its climate pledge.
Sign and chant slogans during the Seattle lunchtime rally—which was organized by Amazon Employees for Climate Justice and Amazon's Remote Advocacy group—included "Amazon: Strive Harder," "Stop Greenwashing," and "Hell No, RTO,"—a rebuke of a mandate from Amazon CEO Andy Jassy to return to the office at least three days per week.
"Morale is the lowest I've seen since I've been working here," one Seattle-based employee who did not want to be named and has worked for the company since 2020 told Wired.
This year, Amazon terminated 27,000 workers, layoffs that mirrored cost-cutting sackings at other tech companies that overhired during the Covid-19 pandemic.
\u201cHundreds of corporate employees at the #Amazon walkout underway at the Spheres in South Lake Union. Workers calling out leadership for the return-to-office mandate and failure to reduce carbon footprint\u201d— Jackie Kent (@Jackie Kent) 1685560576
At least hundreds of other Amazon corporate employees and their supporters took part in similar demonstrations outside company offices around the nation on Wednesday, according to reports.
"Today looks like it might be the start of a new chapter in Amazon's history, when tech workers coming out of the pandemic stood up and said, 'We still want a say in this company and the direction of this company,'" Eliza Pan, a former Amazon corporate employee and a co-founder of Amazon Employees for Climate Justice, toldThe Associated Press.
\u201cThanks to everyone who showed up to make #AmazonWalkout a success!\u201d— Amazon Employees For Climate Justice (@Amazon Employees For Climate Justice) 1685559893
Amazon spokesperson Brad Glasser told Wired that "we're always listening and will continue to do so, but we're happy with how the first month of having more people back in the office has been."
"There's more energy, collaboration, and connections happening, and we've heard this from lots of employees and the businesses that surround our offices," he added.
However, Church Hindley, an Amazon quality assurance engineer, told the AP that working from home has improved his health and quality of life.
"I'm not suited for in-office work," Hindley said. "I deal with depression and anxiety, and I was able to get off my anxiety medication and start living my life."
\u201cMessages in the crowd at the Amazon walkout in Seattle.\u201d— Kurt Schlosser (@Kurt Schlosser) 1685563537
Pamela Hayter, an Amazon project manager, started the "Remote Advocacy" internal Slack channel, which now has 33,000 members.
During the Seattle rally, Hayter slammed the return-to-office mandate, saying, "I cannot believe that a company in this day and age, a company that claims to be an innovative leader in its space, would do that to one of its most precious resources—its employees."