The U.S. Environmental Protection Agency announced on Monday, June 1, a power-plant proposal that seeks a 30% carbon dioxide emissions cut by 2030 from existing power plant, based on emission levels from 2005. With this proposal, the main piece of President Obama’s Climate Change Agenda has been set in motion. Although the rule is scheduled to be completed one year from now and will give flexibility to the states, it will regulate carbon emissions from hundreds of fossil-fuel power plants across the U.S. The 600 U.S. coal plants will be hardest hit by the standard.
Tagged: green energy
Panel 8 of the 9th International Conference on Climate Change was on the subject of “Costs and Benefits of Renewable Energy.” The panel was focused on the subject of renewable energy, specifically the high cost and potentially devastating economic consequences produced by the federal government’s efforts to replace the current energy sources with renewables.
The states that will get hurt the most by this new EPA rule are red states for the most part, if not entirely. Most blue states won’t feel a thing. And – boy oh boy – those windmill manufacturers must be dancing in the streets!
Despite the war-like hostility of the Obama administration to the traditional carbon based energy that fueled the industrial revolution, the entrepreneurship and modern technology of America’s private economy is producing a boom in oil and gas production that is overwhelming President Obama.
The Spain-based company, Abengoa Solar, claims to be “a global leader in solar thermal energy.” Its website boasts: “Abengoa Solar is the largest solar plant operator worldwide.” Abengoa went public in October 2013, and since, its stock price has doubled. With the support the White House gives to solar energy and the mandates for renewable energy present in the majority of states, Abengoa sounds like a solid investment. And, that’s the image Abengoa has burnished with full-page ads in the Wall Street Journal to encourage investment. However, rather than a “buy,” Abengoa should be a “sell”—sell quickly—as its American run could be coming to a close.
With the growing story coming out of Ukraine, the ongoing search for the missing Malaysian jet, the intensifying Nevada cattle battle, and the new announcement about the additional Keystone pipeline delay, little attention is being paid to the Production Tax Credit (PTC) for wind energy—or any of the other fifty lapsed tax breaks the Senate Finance Committee approved earlier this month. But, despite the low news profile, the gears of government continue to grind up taxpayer dollars.
Last week John Stossel hosted a segment on Earth Day featuring Heartland Senior Fellow James Taylor and Paul Gallay from the Riverkeeper environmentalist organization. Taylor (with some backup from Stossel) crossed swords with Gallay on a number of environmental subjects.
Try to ignore Earth Day, April 22. It won’t be easy. The print and broadcast media will engage in an orgy of environmental tall tales and the usual end-of-the-world predictions. It will scare the heck out of youngsters and bore the heck out of anyone old enough to know that we have had to endure the lies that hide the agendas that have driven the Greens since 1970 when the event was first proclaimed.
I started covering some of the shenanigans from the solar industry last summer when I wrote about the “Green Tea Party” in Georgia. I had no idea what a can of worms I’d opened. In September, I wrote about the net-metering battle taking place in Arizona—and pointed out the national implications of what was playing out there. The following month, I addressed, what I believe, is an organized effort by the industry, to co-opt the language of the free-market/conservative/limited-government thinking population in an effort to convenience them that government-mandated and -subsidized solar energy was a good thing. Last month I warned consumers of solar scams in a column I wrote titled “Clouds on the solar horizon.”
Democrats have decided to lean-in, not back-away, from so-called clean energy. Despite the embarrassing history of government-funded green-energy failures, “wealthy environmentalists are pushing Democrats to take bolder positions on climate change”—and global warming, as an issue, provides the impetus for more green-energy spending.
The Boston Globe reported on a recent “summit between Washington’s liberal elite and San Francisco’s climate intelligensia” that included “Senate majority leader Harry Reid, a Nevada Democrat, six other senators, and … Al Gore.” The Globe points to new efforts by Democrats to “make global warming a central issue during the midterms.”
The U.S. Supreme Court recently heard oral arguments in Utility Air Regulatory Group v. Environmental Protection Agency. The case will determine how far EPA can extend its regulatory overreach, to control “climate changing” carbon dioxide from power plants and other facilities – by ignoring the Constitution’s “separation of powers” provisions, rewriting clear language in the Clean Air Act, and disregarding laws that require the agency to consider both the costs and benefits of its regulations and what it is regulating.