“One of the keystones of the Climate Change alarmist movement was its audacious attempt to create a functioning market by monetizing the atmospheric gas known as CO2…. Certainly, gaming the system has always been at the top on the agenda of the new green eco-trader.”
– Patrick Henningsen, “The Great Collapse of the Chicago Climate Exchange,” 21st Century Wire, August 28, 2010.
We were tipped off by the August 28th headline, “The Great Collapse of the Chicago Climate Exchange,” by Patrick Henningsen, editor of 21st Century Wire. And now it is official as reported by Chicago Business, Fox News , and Crain’s Chicago Business (sub. required): the Chicago Climate Exchange (CCX) is dead. Trading in carbon-dioxide (CO2) emission contracts at CCX has basically ceased with member emissions-reduction agreements expiring at the end of the year.…
Continue ReadingAmong the many suggestions in the draft report of the National Commission on Fiscal Responsibiity and Reform is a 15 cents-per-gallon increase in the federal gasoline tax. No doubt, this proposed tax hike would raise revenues and make a modest dent in the deficit, but it would do so at the expense of the driving public and would disproportionately burden low-income motorists.
There’s a better way. If raising energy-related revenues is the goal, why not fill federal coffers in a manner that actually reduces the price at the pump? Washington can accomplish this by allowing more oil drilling in an about face from the so-called permitorium.
Background
The federal government controls all offshore areas beyond three miles from the coast, as well as vast expanses of energy-rich western lands. Unfortunately, only a fraction of these areas have been opened to energy leasing, due to legislative and regulatory restrictions.…
Continue ReadingThe unequal contest about the implementation of utility-scale wind plants between a number of ordinary citizens, on one hand, and the system of government intransigence, environmentalist narrowness, strong industry lobby groups, and uninformed public opinion, on the other, is a difficult but necessary one.
In Europe alone, which has the most experience with the wind plants, the number of such groups is approaching 450 in 21 countries. In Ontario Canada, one of the North American extremist jurisdictions in support of wind, the number is 35.
Unfortunately, compared to the wind proponent side, the relatively small number of people fighting wind plants comes from those who are faced with the reality of the prospect of wind plants in close proximity to their communities. However, others who for various reasons have done the necessary research to see past the misconceptions to the reality of the total folly of pursuing such policies have also joined them.…
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