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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Statement from North America’s Building Trades Unions on Trump’s “Big Billionaire Bill”:

“If enacted, this stands to be the biggest job-killing bill in the history of this country. Simply put, it is the equivalent of terminating more than 1,000 Keystone XL pipeline projects”[/quote]

Why?  What provisions kill jobs?[/quote]

There is about 38 billion invested in EVs and EV batteries plants that will be shut down and 200,000 factory jobs. This does not count the construction jobs. These 32 of the 37 manufacturing facilities are in red states. They will be closing or canceling plants in South Carolina, Georgia, Alabama etc.

This bill also goes after and shuts down green energy generation. That is 21% of the US grid and was to grow at 12% over the next decade to 45%. All of that stops. Construction is at a standstill still. Texas solar and wind industry is done. In 2015 Texas generated 12% from wind and solar. Now it generates 34%. This was projected to double by 2035. Some days Texas generates 76% of its electricity from wind and solar.

The difference with renewable and fossil fuels is the cost for renewables are up front. Build a solar or wind farm you have to pay for the plant all  at once. Fossil fuel a big chunk of the cost is the cost of the fuel but you pay that as you use it. So it is cheaper in the short term without government subsidies to build fossils fuel plants.

The rest of the world is moving forward with this stuff. China has reduced its demand for oil so much that it is now past peak oil. The demand curve for oil is falling for the next decade in China and it keeps getting revised down wards. This is one of the reason for falling oil prices.

Trump and republicans are living in the 1970’s in terms of energy policy. This is f’ing crazy. This will put the US at a serious competitive disadvantage for the next 20 years.[/quote]

DP, but to add,  the bill would reduce US power generation through 2035 by 300GW, raise wholesale & retail power prices, increase household energy costs, reduce national GDP, & kill 100s of 1000s of jobs. [/quote]

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