"IT'S ALL THE EPA'S FAULT!"
"Just last week, AEP had to scrap plans for a new, cleaner coal plant because the company and the EPA couldn’t come to terms on the deal.
But AEP CEO Mike Morris told Cramer that he wants to keep working with the EPA to make the plant happen.
“We’re going to keep working at it,” Morris said, “because they’re trying to do the right thing, we’re trying to do the right thing."
The issue, he said, was all about the timeline. He said the EPA wanted it completed in 12-14 months, but he said it would take 48 months."
I'm not sure who's a bigger moron in this video clip. Is it Cramer, who talks like he's got a mouthful of manure (or is it a snootful of whiskey?), or is it Mikey who is completely full of manure himself and doing some major geezing?
Cramer is talking about the Mountaineer Plant and Mikey is talking about the clean air rules. And they just keep talking around each other with the end result being, "IT'S ALL THE EPA'S FAULT THAT MOUNTAINEER'S CCS PROJECT IS BEING SHUT DOWN!"
The EPA has NOTHING to do with the shutdown of Mountaineer. There is no such thing as "clean" coal. Mikey's CCS project was only going to "clean up" a small fraction of the emissions at Mountaineer. The big, bad WV PSC wouldn't let AEP pile the costs of Mountaineer's CCS project on WV's ratepayers. Why should West Virginians be the only ones paying for this boondoggle, Mikey?
When the reporter doing the interview is coherent, AEP's line is that lack of climate change legislation killed Mountaineer's CCS project. But AEP has been spending billions fighting climate change legislation, so IT'S AEP'S FAULT!
Gotta wonder... did AEP have the CRA Clown College help them with that Charlie Foxtrot interview? If so, they gave Mikey too much preposterone before the call.