Appalachian politicos never really cared about the miners. The proof? Name one who ever complained about the investments in mining productivity. Longwall mining, mountaintop removal all slashed labor requirements/mined ton.
To be clear, rising labor productivity is good to the extent it allows us to create more wealth per labor hour (and subject to making sure that wealth is shared). But you can't celebrate rising productivity in the coal sector and lament it in the larger energy sector.
Coal is a uniquely labor-intensive fuel. The industry has worked hard to cut their labor needs, first through automation, then through bankrupting miner's pensions. But all pushes to lower cost, less labor-intensive energy eventually squeeze out coal as a fuel.
Politicians who advocate for the interests of coal mine *owners* have always used miners as props in their photo ops. But their actions belie their pretty words. Watch their feet, not their lips. /fin

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More from @SeanCasten

16 Oct
If you care about the planet. If you care about US leadership. If you care about our children. If you care about affordable energy. If you care about our democracy. Then it's time to mobilize. So, so much is at stake. Thread: nytimes.com/2021/10/15/cli…
1/ The CEPP is the most impactful part of the Build Back Better Act from a climate perspective. It puts our electric sector on a path to zero emissions. To take it out is to decide that climate change isn't a problem.
2/ It's also MASSIVE for job creation. Meeting those goals require the construction of ~1000 GW of new power generation in the next decade. That is as much as we already have. Millions of good jobs and economic growth. To take out the CEPP is to give labor the middle finger.
Read 21 tweets
13 Oct
Very thoughtful analysis here on one of the drivers of current natural gas volatility (namely, the increasingly global nature of nat gas markets). A few comments for those who don't want to read the full article.. naturalgasintel.com/lng-growth-sai…
1/ For those who know nothing about natural gas markets other than your monthly bill imagine that you're a cucumber farmer. You can sell cukes for $2/lb at the farmers market in Wheaton or $3/lb at the farmers market in Glen Ellyn. Where do you go?
2/ Not a trick question. Obviously Glen Ellyn. Now imagine that you're a natural gas producer and gas sells for $3/MMBtu at the Henry Hub in Louisiana or $8 at a hub in France. Where would you sell?
Read 10 tweets
8 Oct
Good news from today's report is the unemployment rate is down to 4.8%. Bad news is workforce participation is still stuck at 61.6%, and still substantially limited by access to childcare. We fix this with the Build Back Better Act, childcare tax credits and 2 yrs of free pre-K
Three charts to see this. First, total employment. Workforce participation rate highlighted. bls.gov/news.release/e…
Second, same data but only for men of child-producing age. 70% workforce participation and rising. Pretty good!
Read 12 tweets
7 Oct
Safe to say you can count @ewarren and I among the 94% who are confident that climate risk is not fully priced into our equity markets. finance.yahoo.com/news/financial…
50% of all the CO2 we have ever emitted AS A SPECIES has been released since 1991. The rate of change to our climate system is accelerating. This past summer of wildfires and flooding is not the new normal. The rate of change is the new normal.
Markets are bad at pricing in non-linear rates of change for the same reason our brains are bad at non-linear rates of change. Say 2, 4, and our brain instinctively expects 6, not 8.
Read 11 tweets
6 Oct
To my Senate colleagues trying to whittle down the BBB and specifically to weaken the climate provisions. This is the time for leadership. The world needs the US to lead. All eyes are on Congress. If leadership is too hard for you, get out of the way.
1/ When I was in Madrid for COP-25, a European parliamentarian pulled me aside to say "when the US doesn't lead, bad things happen." They need us. We need to go to Glasgow in a position to lead.
2/ Those Europeans knew that Kyoto didn't pass because Bill Clinton couldn't get the US Senate on board.
Read 9 tweets
6 Oct
I'm sorry that the DOJ had to do this, but am pleased they are stepping up to quell the hatred, threatened and in some cases actual violence against our educators and students. nytimes.com/2021/10/05/us/…
As I said last Memorial Day, there is a tension at the heart of representative democracy between those who believe government should represent their interests and those who believe it should represent the interests of the majority, even if at odds with their personal views
Our democracy has survived thanks to the heroes who always defended it. But we have always faced internal threats from those who not only insisted their views must prevail, but resorted to violence when public will moved against them.
Read 6 tweets

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