|
From Matt Gonzalez.....
{MINING LAW OF 1872:
In November 2007, Obama came out against a bill that would have reformed the notorious Mining Law of 1872. The current statute, signed into law by Ulysses Grant, allows mining companies to pay a nominal fee, as little as $2.50 an acre, to mine for hardrock minerals like gold, silver, and copper without paying royalties. Yearly profits for mining hardrock on public lands is estimated to be in excess of $1 billion a year according to Earthworks, a group that monitors the industry. Not surprisingly, the industry spends freely when it comes to lobbying: an estimated $60 million between 1998-2004 according to The Center on Public Integrity. And it appears to be paying off, yet again.
The Hardrock Mining and Reclamation Act of 2007 would have finally overhauled the law and allowed American taxpayers to reap part of the royalties (4 percent of gross revenue on existing mining operations and 8 percent on new ones). The bill provided a revenue source to cleanup abandoned hardrock mines, which is likely to cost taxpayers over $50 million, and addressed health and safety concerns in the 11 affected western states.
Later it came to light that one of Obama’s key advisors in Nevada is a Nevada-based lobbyist in the employ of various mining companies (CBS News “Obama’s Position On Mining Law Questioned. Democrat Shares Position with Mining Executives Who Employ Lobbyist Advising Him,” November 14, 2007).
REGULATING NUCLEAR INDUSTRY:
The New York Times reported that, while campaigning in Iowa in December 2007, Obama boasted that he had passed a bill requiring nuclear plants to promptly report radioactive leaks. This came after residents of his home state of Illinois complained they were not told of leaks that occurred at a nuclear plant operated by Exelon Corporation.
The truth, however, was that Obama allowed the bill to be amended in Committee by Senate Republicans, replacing language mandating reporting with verbiage that merely offered guidance to regulators on how to address unreported leaks. The story noted that even this version of Obama’s bill failed to pass the Senate, so it was unclear why Obama was claiming to have passed the legislation. The February 3, 2008 The New York Times article titled “Nuclear Leaks and Response Tested Obama in Senate” by Mike McIntire also noted the opinion of one of Obama’s constituents, which was hardly enthusiastic about Obama’s legislative efforts:
"Senator Obama's staff was sending us copies of the bill to review, and we could see it weakening with each successive draft," said Joe Cosgrove, a park district director in Will County, Ill., where low-level radioactive runoff had turned up in groundwater. "The teeth were just taken out of it."
As it turns out, the New York Times story noted: “Since 2003, executives and employees of Exelon, which is based in Illinois, have contributed at least $227,000 to Mr. Obama’s campaigns for the United States Senate and for president. Two top Exelon officials, Frank M. Clark, executive vice president, and John W. Rogers Jr., a director, are among his largest fund-raisers.”
ENERGY POLICY:
On energy policy, it turns out Obama is a big supporter of corn-based ethanol which is well known for being an energy-intensive crop to grow. It is estimated that seven barrels of oil are required to produce eight barrels of corn ethanol, according to research by the Cato Institute. Ethanol’s impact on climate change is nominal and isn’t “green” according to Alisa Gravitz, Co-op America executive director. “It simply isn’t a major improvement over gasoline when it comes to reducing our greenhouse gas emissions.” A 2006 University of Minnesota study by Jason Hill and David Tilman, and an earlier study published in BioScience in 2005, concur. (There’s even concern that a reliance on corn-based ethanol would lead to higher food prices.)
So why would Obama be touting this as a solution to our oil dependency? Could it have something to do with the fact that the first presidential primary is located in Iowa, corn capitol of the country? In legislative terms this means Obama voted in favor of $8 billion worth of corn subsidies in 2006 alone, when most of that money should have been committed to alternative energy sources such as solar, tidal and wind.}
|
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
