Obama continues his pledge to bankrupt the coal industry, only mentions in passing that US greenhouse gas emissions have dropped continuously for 20 years: From his 8/28/12 speech at Iowa State: “We’re on track to emit fewer greenhouse gases this year than we have in nearly 20 years.”
11/4/12, “November surprise: EPA planning major post-election anti-coal regulation,” Washington Examiner, Conn Carroll
“President Obama’s Environmental Protection Agency has devoted an unprecedented number of bureaucrats to finalizing new anti-coal regulations that are set to be released at the end of November, according to a source inside the EPA.
More than 50 EPA staff are now crashing to finish greenhouse gas emission standards that would essentially ban all construction of new coal-fired power plants. Never before have so many EPA resources been devoted to a single regulation. The independent and non-partisan Manhattan Institute estimates that the EPA’s greenhouse gas coal regulation
- will cost the U.S. economy $700 billion.
Environmentalists at the EPA pulled this trick before in 2000 when the Clinton administration rushed out a finding that Mercury emissions from power plants were a growing public health threat pursuant to the Clean Air Act. That finding did not regulate power plants itself, but it did force the Bush administration to begin a lengthy regulatory process. The Obama EPA has estimated that this regulation alone will cost the U.S. economy $10.9 billion a year.
Reached for comment, Romney spokesman Ryan Williams said:
“President Obama won’t tell the voters of the Virginia, Ohio, and Pennsylvania the truth about his plans to shut down the coal industry. Even after he loses on Tuesday, it appears that the President will still try to continue his efforts to kill their jobs and drive up their energy prices. Mitt Romney is committed to reversing the damage caused by the Obama Administration’s disastrous liberal agenda as soon as he takes office.”" via Free Republic
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Pres. Obama’s 8/28/12 speech at Iowa State mentions in passing: “We’re on track to emit fewer greenhouse gases this year than we have in nearly 20 years. You can keep those trends going.”
The NY Times noted Obama failed to connect the meaning of these scientific findings to ordinary Americans on whose backs they were obtained.
The NY Times says:
8/28, “He did not note the role of the recession, with its attendant drop in manufacturing and car and truck trips.”…
News of US emissions drop has been known for quite some time but quietly. Quietly because it means the entire CO2 industry is bankrupt. Billionaires face embarrassment and financial loss, neither of which they can allow:
1/15/11, NY Times: “According to the Energy Department, carbon dioxide emissions peaked in this country in 2005 and will not reach that level again until the early 2020s.”…
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“He (Obama) told the editorial board of the San Francisco Chronicle on January 17, 2008 of his plans:
6/13/11, “Crony Capitalism and Obama’s Anti-Coal Crusade,” American Thinker, Ed Lasky
“Barack Obama has long sought to bankrupt the coal industry. …
While Barack Obama has broken many promises he made along the campaign trail to the Oval Office, one promise seems close to whatever heart he may have: to bankrupt the coal industry.
He told the editorial board of the San Francisco Chronicle on January 17, 2008 of his plans:
“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.
That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches…".
He also promised that under his plans to transform the energy industry “electricity prices would necessarily skyrocket.”
Obama (as is his wont) has used indirect means at his disposal to circumvent Congress and kill off coal. This is his modus operandi: take steps behind the scenes that the media will not disclose to bully his programs to fruition.
- He has used his executive power to seal off vast areas of federal land from coal mining.
Her most recent and dramatic step has been to pass environmental regulations to make coal-fired generating plants that produce about half the nations’ electricity, much more expensive to operate. The Chicago Tribune reports:
- Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.
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6/11/11, “Consumers’ electric bills likely to spike as coal plants close,” Chicago Tribune
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Richard Sandor, founder of the Chicago Climate Exchange, notes Obama’s plans:
6/16/09, “(Richard) Sandor got Obama’s nod for Chicago-style climate law,” Bloomberg, by Jim Efstathiou, Jr.
(parag. 8): “The original bill, the cornerstone of Obama’s environmental agenda, began “way, way to the left,” Sandor said in an interview, with
- provisions he said would push U.S. utilities into bankruptcy….
Obama has proposed auctioning pollution permits to raise at least $646 billion from 2012 to 2019. Sandor opposed that provision, saying that paying for the permits would wipe out utilities’ profits.
“You bankrupt the industry,” he said. “So you sit down with senators and say, ‘Look, think this through, guys.’”…
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8/16/12, “AP IMPACT: CO2 emissions in US drop to 20-year low,” AP, Kevin Begos
8/28/12, “Remarks by President Obama at Campaign Event — Ames, Iowa,” enewspf.com (Iowa State)
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1/15/11, “Recession Special: Cleaner Air,“ NY Times, Matthew Wald
“What the government has not mandated, the economy is doing on its own: emissions of global warming gases in the United States are down.
According to the Energy Department, carbon dioxide emissions peaked in this country in 2005 and will not reach that level again until the early 2020s.”…
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6/4/12, “Climate change stunner: USA leads world in CO2 cuts since 2006,” Vancouver Observer, Saxifrage
“Not only that, but as my top chart shows, US CO2 emissions are falling even faster than what President Obama pledged in the global Copenhagen Accord.”…
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If US temperatures go up for a day, a month or 6 months, US human-caused CO2 is not, can’t possibly be the reason.
6/29/12, “US Carbon Output Forecasts Shrink Again,” American Interest, Walter Russell Mead
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6/22/12, “U.S. cuts greenhouse gases despite do-nothing Congress,” CNN, Steve Hargreaves
“Even factoring in a stronger economy, forecasters see greenhouse gas emissions continuing to fall….Others take the U.S. success in reducing its energy sector emissions as a sign that its fragmented, state-based, regulatory approach has worked betterthan Europe’s market-based cap-and-trade approach.”
4/21/12, “Why [CO2] Emissions Are Declining in the U.S. But Not in Europe,” by Michael Shellenberger and Ted Nordhaus, newgeography.com
“As we note below in a new article for Yale360, a funny thing happened: U.S. emissions started going down in 2005 and are expected to decline further over the next decade.”
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2011 EIA report notes results through 2009, US CO2 emissions dropped steadily since 1999:
4/14/11, “Biggest Drop in U.S. Greenhouse Gas Emissions,” World Climate Report
“In 2009, greenhouse gas emissions in the U.S. experienced their biggest drop since the U.S. Energy Information Administration began tracking them during the 1990-2009 timeframe.”
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Congratulations to the greens on their victory over CO2 in the US. CO2 alarmist ‘glory days’ are now over in the US:
- 7/28/12, “The Energy Revolution 4: Hot Planet?,” Walter Russell Mead, The American Interest
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1/25/2009, “Global warming industry becomes too big to fail,” Timothy Carney, Washington Examiner
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4/20/10, “Buying Carbon offsets may ease eco-guilt but not global warming,” by Doug Struck, CS Monitor
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11/23/11, “Europe’s $287 billion carbon ‘waste’: UBS report,“ The Australian, by Sid Maher
“SWISS banking giant UBS says the European Union’s emissions trading scheme has cost the continent’s consumers $287 billion for “almost zero impact” on cutting carbon emissions.“…EU CO2 trading provided “windfall profits“ to participants paid for by “electricity customers.”“
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A few examples of climate cash sought in 2011:
1/11/11, “Big Money in Climate Change: Who Gives, Who Gets,” Al Fin
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3/26/12, “Obama Requests $770 Million to Fight Global Warming Overseas,” CNS News, Matt Cover
“The Obama administration has requested $770 million in federal funds to combat the effects of global warming in developing countries, a new congressional report details, continuing its policy of using foreign aid to combat the effects of global warming in the developing world.
The figure, from a recent report from the Congressional Research Service (CRS), shows that despite another year of $1 trillion deficits, the Obama administration continues to pursue its policy of using foreign aid funds for anti-global warming measures – known as the Global Climate Change Initiative (GCCI).
According to CRS, the government has spent a total of $2.5 billion on GCCI since 2010 on overseas anti-global warming efforts in Latin America, Asia, and Africa.”…
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