The Heritage Foundation (founded 1980) is a think-tank leader in the current debate over energy policy and related environmental issues. Heritage’s energy worldview is stated at their website:
Energy and environmental policy is a national priority. Lawmakers should implement a long-term plan that allows free markets to balance supply and demand, ensures reliable and competitively priced energy for the future, and creates incentives for responsible stewardship of the nation’s resources and environment.
A recent report, “President Obama’s Taxpayer-Based Green Energy Failures,” lists 34 examples of “faltering or bankrupt green-energy companies” (with * denoting companies that have filed for bankruptcy). The at-risk total is approximately $7.5 billion, of which $1.6 billion is in receivership.
The numbers will only get higher. Yesterday, it was reported that the Solyndra loss could be $849 million (not $535 million).…
“When government tries to pick losers and winners, it typically picks losers. Why? Because in a free market, consumers pick winners to leave the losers for government.”
– R. Bradley, Electric Car Verdict: Another Government-Subsidized Bust, September 26, 2012.
In Edison to Enron: Energy Markets and Political Strategies, I discussed some history regarding electric vehicles that has become pertinent given the bankruptcy this week of battery-maker A123 Systems.
The Wall Street Journal reported on this failure with the pull quote: “Obama’s green energy industrial policy turns up in Chapter 11.” Energy physicist Mark Mills wrote in Forbes: “A123 Bites the Dust Because They Forgot Their ABCs.”
Here is some history behind the rise, fall, fall, and fall of electric vehicles from Edison to Enron. Previously at MasterResource, the conversation between Thomas Edison and a young Henry Ford in 1896 was recounted.…
“The climate of many countries seems to be one of the great reasons why idleness, dishonesty, immorality, stupidity, and weakness of will prevail. If we can conquer climate, the whole world will become stronger and nobler.”
– Ellsworth Huntington, Civilization and Climate (New Haven: Yale University Press, 1915), p. 294.
“Emphasis on extreme scenarios may have been appropriate at one time, when the public and decision-makers were relatively unaware of the global warming issue…. Now, however, the need is for demonstrably objective climate forcing scenarios consistent with what is realistic under current conditions.”
– James Hansen, “Can We Defuse the Global Warming Time Bomb?” June 12, 2003.
Thank you Dr. James Hansen, for outing some climate exaggeration of the past. But pardon us for not seeing what you seem to only see–a compelling, growing case for climate alarm and policy activism.…