Obama's inhumanity to India
Barack Obama isn't the one that hundreds of millions of poor Indians have been waiting for. Many unemployed in Milwaukee won't be too happy either.
The U.S. Export-Import Bank just denied a $250 million loan guarantee for the construction of a 3,690-megawatt coal-fired power plant and nearby mine in Madhya Pradesh, India.
According to a report in Climatewire, Export-Import Bank Chairman Fred Hochberg said:
The plant would have provided electricity to 300 million homes in seven Indian states.
According to President Obama's Department of Energy:
How important is electricity to India? The United Nations Habitat for a Better Urban Future says that increased access to electricity would:
But the benefits of the loan guarantee aren't limited to India. It would have made possible $600 million worth of sales from, and almost 1,000 jobs with Bucyrus International, a Milwaukee-based mining equipment company. National Mining Association spokesman Luke Popovch told Climatewire that Obama's denial of the loan was "incomprehensible" given that more than 15 million Americans are out of work.
Even for an alleged believer in carbon dioxide-caused global warming, what is maximum climatic benefit that could be achieved by not building the power plant? The plant would emit about 3.7 million tons of carbon dioxide (CO2) per year – about 0.12 percent of the world's annual emissions as of 2007. Over a period of 100 years, the plant would add about 0.02 parts per million (ppm) to atmospheric CO2 — the current level of atmospheric CO2 is 390 ppm. How does this translate into temperature change? Over the last 15 years, humans have added about 35 ppm to atmospheric CO2 and there has been no atmospheric warming.
So while it's unlikely that the Indian plant would have had any climatic impact, it could have provided incalculable benefits to India and some very calculable ones to Milwaukee.
The good news is that Reliance Power, the Indian company that owns the plant, plans to proceed anyway – but without the many U.S. workers that would have been employed had President Obama decided to make mere loan guarantees.
So while the impact of President's Obama's denial apparently will be limited to denying productive Americans jobs amid a terrible economy, his bid to deny poor Indians the energy they need to escape crushing poverty and its accompanying miseries boggles the mind.
The only thing we should be waiting for is January 20, 2013.
Read more: http://webcache.googleusercontent.com/search?q=cache:http://dailycaller.com/2010/07/09/obamas-inhumanity-to-india/#ixzz0tFVOzXou
Truth resides in every human heart, and one has to search for it there, and to be guided by truth as one sees it. But no one has a right to coerce others to act according to his own view of truth. - Mohandas Gandhi
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