The Wall Street Journal reports that FirstEnergy could profit more than $200M from the closure of 6 of its old, coal-fired plants announced last week.
As reported earlier, this is a business decision intended to make more money for FE's stockholders. Too bad, so sad for the 500 employees who will be in the unemployment line, and also for the towns who depended on these plants as as economic engine.
You'd think that a few of those millions could be parted with to set up programs to ensure that affected employees were given opportunities for equivalent jobs elsewhere, or given the benefit of retraining for equal jobs in another area of the energy industry, such as the booming renewable energy sector. Transition programs for the affected localities could also be instituted. Instead, FE is absconding with all that happy cash.
One word. Karma.
As reported earlier, this is a business decision intended to make more money for FE's stockholders. Too bad, so sad for the 500 employees who will be in the unemployment line, and also for the towns who depended on these plants as as economic engine.
You'd think that a few of those millions could be parted with to set up programs to ensure that affected employees were given opportunities for equivalent jobs elsewhere, or given the benefit of retraining for equal jobs in another area of the energy industry, such as the booming renewable energy sector. Transition programs for the affected localities could also be instituted. Instead, FE is absconding with all that happy cash.
One word. Karma.
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