Major wind projects are being cancelled or put on hold with waning public and private support. In recent weeks,

• Wind developer Terra-Gen terminated plans to build its Horseshoe Wind Farm in Illinois;
• NextERA suspended the permitting process for a 150-megawatt project in South Dakota; and
• Iberdrola announced its Desert Wind Energy Project in North Carolina was delayed and might be scrapped altogether.

In each case, company officials blamed current market conditions and the inability to secure a long-term power contract with area utilities.

PTC In Review

The American Wind Energy Association (AWEA) insists the industry is at risk of a slow-down if Congress does not act quickly to extend the Production Tax Credit (PTC), the federal incentive most often credited for market growth in the wind sector. The PTC expires at the end of 2012.…

“It’s time to move the debate past the dogmatic view that carbon dioxide is evil and toward a world view that accepts the need for energy that is cheap, abundant and reliable.”

– Robert Bryce, “Five Truths About Climate Change,” Wall Street Journal, October 6, 2011.

“Every [energy] policy objective should be viewed through the lens of affordability.”

– John S. Watson, Chairman and CEO, Chevron Corporation
Remarks at the Peterson Institute for International Economics, Washington, D.C., October 19, 2011.

Chevron CEO John Watson delivered a major address last month in Washington, D.C. that reorients energy sustainability from controversial neo-Malthusian notions toward consumer affordability and reliability. As such, it marks an end to the ‘apologetic’ era launched by BP’s John Browne in his 1997 Stanford University speech, which proclaimed that fossil fuels were problematic in relation to anthropogenic climate change.…

I am part of an online event hosted by The Economist magazine debating the proposition:

This house believes that subsidising renewable energy is a good way to wean the world off fossil fuels.

I am opposed. Defending the motion is Matthias Fripp, Research fellow, Environmental Change Institute and Exeter College, Oxford University, who defends renewables from the premise that “we must reduce global greenhouse gas emissions by at least 80% by 2050 in order to avoid dangerous risks to the environment and ourselves.”

With my opening statement, I began with a recent observation by the rising UK intellectual star Matt Ridley and continued with the timeless insight of William Stanley Jevons. Readers of MasterResource know Jevons well from previous posts, but I wanted to make sure to put him front and center of this debate to awaken his homeland that he ‘refuted’ renewables nearly 150 years ago.…

Pierre Desrochers is a scholar’s scholar. His prolific research, writing, and teaching facilitate our own research and learning. His reference and use of some of our work is a vindication of sorts.

I recently encountered Professor Desrochers syllabus for Energy and Society, a course that he is currently teaching at the University of Toronto Mississauga.  Wow! Lucky are his students; this course is a model for its subject for North American and far beyond.

Desrochers sets out three main objectives for this course:

• To cover the basic physical, technical and economic issues related to energy use;
• To cover broadly the history of energy development and use;
• To introduce students to past debates and current controversies.

He describes the course as follows:

The development of new energy sources has had a major impact on the development of both human societies and the environment.