Temperature trends, Climategate, Copenhagen, IPCC falsification, and now the Massachusetts Revolution–cap-and-trade is dead, the political pundits say. So much for the inevitability argument that I heard from my colleagues during the Enron years (“come on Rob, get out in front of it and shape it!”), as well as the science-is-settled that had been the Word.
But what about a scaled back energy/climate bill with the key provision of a federal renewables mandate? Has the ‘Massachusetts Revolution’ killed that too?
We will soon find out. But one thing can be certain: Americans from coast-to-coast and border-to-border are going to look more closely at wind power, and I do not believe they are going to like what they see. (Enron, anyone?) Witness the growing complaints from the grass roots–including in-the-trenches real environmentalists–that industrial wind is intrusive, costly, and unreliable.…
Continue ReadingJanuary 7, 1997, some 13 years ago, was one of the worst days in my 16-year career at Enron. Enron had already entered into the solar business (1994) in partnership with Amoco (Solarex), and the U.S. wind industry was on its back. Zond Corporation was struggling, and rival Kenetech had recently suspended its dividend and was on the way to bankruptcy. Enron bought Zond on this day and renamed it Enron Wind Company.
Enron Wind would never turn a profit, and it would be sold in May 2002 by the bankrupt parent to GE. (GE and Enron would have other ominous parallels.)
Enron came in at just the right time for a troubled, undeserving industry by
“Washington appears intent on choosing a [cap-and-trade] path defined by corporate greed. Unless the public gets engaged, the present Administration may jam down the public’s throat just such an approach, which, it can be shown, is not a solution at all.”
“Cap-and-trade’s complexity provides a breeding ground for special interests…. [T]ry reading the Waxman-Markey 2,000-page bill to figure out who would get the money! Why do those special interests deserve it anyhow?”
– James Hansen, “The People vs. Cap-and-Tax,” paper delivered to the Chairperson of the Carbon Trading Summit, New York City, January 12, 2010.
James Hansen is losing patience. He is upset at the Obama Administration and its advisors, such as John Holdren (read his futile letters). Hansen is mad at the New York Times; after all, he got suckered by their editors and by Paul Krugman regarding his pre-Copenhagen opinion-page editorial.…
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