We’re Selling Appalachia to India
This happened last week:
A company in India plans to buy $7 billion worth of coal from Kentucky and West Virginia producers, Gov. Steve Beshear announced Wednesday.
Beshear, at a Capitol news conference, called the private partnership “a great example of a new market for Kentucky resources.” He noted that he made an economic development trip to India two years ago and will be making another trip soon.
The deal is for 25 years and involves India’s Abhijeet Group and New Jersey-based FJS Energy LLC buying coal from Kentucky and West Virginia through Kentucky-based affiliates FJSE Marshall Inc. and FJSE River Coal.
Under the agreement, Kentucky coal companies will export about 9 million tons of coal each year to the Abhijeet Group, which has been buying coal from Indonesia and Australia.
Jim Booth of the Inez-based Booth Energy said his energy team is looking forward to working with India.
“We are very pleased that we have forged a partnership that meets their demand abroad and creates and sustains Kentucky jobs,” he said.
This is a case of India literally buying the land out from under us. $7 in coal imports means more of this: destruction of the Appalachias:
So we’re going to tear up Appalachia so we can send coal to India so it can burn that coal in coal-fired power plants which are the highest single polluting entities on the planet.
Our “leaders” are criminally shortsighted.