Onward and upward!
From Gov. Beshear’s office:
FRANKFORT, Ky. (Aug. 15, 2012) – Thanks to a new private-sector agreement, Kentucky coal will help produce affordable, reliable energy to one of the world’s fastest-growing economies for the next 25 years, Governor Steve Beshear announced today.
New Jersey-based FJS Energy LLC signed a 25-year, $7 billion dollar contract with India’s Abhijeet Group to purchase coal exports from Kentucky and West Virginia through Kentucky-based affiliates FJSE Marshall Inc. and FJSE River Coal.
India needs additional energy sources to produce steel and generate electricity. Under the agreement, Kentucky coal companies will export about 9 million tons of coal per year to the Abhijeet Group. While India does produce coal, domestic production can’t keep up with demand.
Despite the fact that out-of-state coal companies continue to blow up our mountains and destroy our watershed so they can ship coal to China and India, this does not mean that folks will stop blaming Obama for taking their coal jobs.