In an incredible display of arrogance in July, Blankenship talked about America's $13 trillion debt and how Americans are losing their jobs. He said business always looks for low-cost labor and Americans need low-cost electricity. "Green jobs" have trumped "American jobs". I watched one of my friends, along with two others from the Rainforest Action Network, hold signs saying "Massey Coal - Not Clean, Safe, or Forever," when someone asked Blankenship a question about mountaintop removal coal mining.
Since this speech at the National Press Club, Blankenship has even tried buying off the families of the victims of the Upper Big Branch Disaster, reaching settlements with four of them, possibly between $3-5 million each.(http://www.istockanalyst.com/article/viewiStockNews/articleid/4437998)
I find these settlements to be laughably low. They likely included provisions that these families could no longer pursue any additional litigation, including criminal indictments of executives, against Massey. It is now seven months since the Upper Big Branch explosion took the lives of 29 miners. But, the one slightly positive thing is that the people of West Virginia did not buy into Tea Party type candidate John Raese for the U.S. Senate seat vacated by the death of Robert Byrd. Based on his history as an executive, Raese likely would have loosened mine safety regulations if elected. The winner of the election, Joe Manchin, certainly got some votes because he will likely push for tougher mine safety laws. Manchin's problem is that he still supports mountaintop removal coal mining.
This blog is about my thoughts about our economic and environmental crises, and any connections between the two where relevant. I have a background in accounting/finance. It seems that many people in this field are not so sure about how business can make investments to solve environmental problems. My purpose is to help anyone working in the business field to become more aware of the connection between environmental and economic problems.
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