First we need a reality check, then a closer look at the tax credits bill.

So go watch this really neat video and get a dose of reality.

From today’s Star-Telegram:

Bill would offer tax credits to promote clean coal plants in Texas

State lawmakers are preparing to debate whether there is such a thing as clean coal.

Rep. Phil King, R-Weatherford, has filed a bill offering up to $300 million in tax credits to companies interested in building so-called clean coal plants in Texas. The plants, the first of their kind in the nation, would be designed to sequester at least 60 percent of the carbon dioxide they produce. Under those guidelines, the plants would meet the emission standards of California and Washington, according to supporters.

If Phil King is involved, there is no way in HELL this is anything other than a give away for energy.

A few Democrats are supporting it and look who else is involved…

“It’s a pretty diverse group to try and build clean coal plants in Texas,” King said, noting that Railroad Commissioner Michael Williams and Donald Hodel, energy secretary under President Ronald Reagan, are also supporters.

Can’t be a good thing for Texans…

I got another email this afternoon that may explain what this is all about:

Since the energy, O&G companies, and the RRC is in favor of this thing, a great big RED FLAG goes up in front of me! Here’s why.

The captured CO2 will be used by O&G companies for secondary recovery of Oil. Now it’s complicated and expensive to capture it and pipeline it to the oil field. So the problems are:

1. The tax payers of TX will pay for, or subside the capture and pipe lining of the CO2.
2. When the Oil companies use it for the recovery process of oil, then the Oil companies are exempt from spitting some or all of it back into the air–as greenhouse gas.

So be careful that the taxpayers are not subsidizing something that they are fooled into thinking is good for then and actually nothing much results in reduction of greenhouse gases over the long haul.

Could this be just another lobbying and politician scam?
Comments please.
Lionel