Big coal

Among the proposed inducements winding through House and Senate committees: loan guarantees for six to 10 major coal-to-liquid plants, each likely to cost at least $3 billion; a tax credit of 51 cents for every gallon of coal-based fuel sold through 2020; automatic subsidies if oil prices drop below $40 a barrel; and permission for the Air Force to sign 25-year contracts for almost a billion gallons a year of coal-based jet fuel.

...In the Senate, champions of coal-to-liquid fuels include Barack Obama...

...At best, you’re going to tread water on the carbon issue, and you’re probably going to do worse,” said Howard Herzog, a principal research engineer at the Massachusetts Institute of Technology and a co-author of The Future of Coal.

-- from Lawmakers Push for Big Subsidies for Coal Process