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  • The Left's Green Crony Capitalism

    Newsweek‘s Stefan Theil reports from Berlin:

    Climate change is the greatest new public-spending project in decades. Each year as much as $100 billion is spent by governments and consumers around the world on green subsidies designed to encourage wind, solar, and other -renewable-energy markets. The goals are worthy: reduce emissions, promote new sources of energy, and help create jobs in a growing industry. Yet this epic effort of lawmaking and spending has, naturally, also created an epic scramble for subsidies and regulatory favors. … It’s a genetic defect that not only guarantees great waste, but opens the door to manipulation and often demonstrably contravenes the objectives that climate policy is supposed to achieve.

    Politico reports from DC:

    House Democrats are using an annual spending bill to exempt home state interests from new environmental rules which the party typically supports.

    At issue is the treatment of Great Lakes freight vessels impacted by proposed Environmental Protection Agency regulations designed to reduce harmful emissions. The rules are scheduled to take effect in December, but House Appropriations Committee Chairman David Obey (D-Wis.) appeared Monday night to have won an exemption for at least 13 older U.S. vessels threatened by the regulations.

    Posted in Energy [slideshow_deploy]

    9 Responses to The Left's Green Crony Capitalism

    1. Wyn, Tacoma Wa says:

      That's too bad because I had thought it might be a good business goal to redesign all energy using devices so they use at least 50% less energy. Think of the researchers needed, the marketing, the new manufacturing. Advertised properly no one would need to feel something was being rammed down his throat.

    2. Freedom of Speech TX says:

      Cronyism at its worst.

      Lawmakers criticize or marginalize anyone in the private sector who does not agree with them. What a bunch of hypocrites. What is good for one state is not necessarily good for another.

      All the more important to be a "player" at the right time and the right place.

    3. Bob Wilson, Spring T says:

      Another way to accomplish "good, old-fashioned graft" on a massive scale. Think Al Gore's investments in carbon emission trading firms [ala Enron] & Boone Picken's wind farms, where I've heard Nancy Pelosi's husband is a major investor.

    4. Eric - Hazen, ARK says:

      Zero Tolerance for the expansion of an already bloated government.

      Take heed moderates….YOU SHALL NOT PASS!!!!

    5. NEAL RASMUSSEN says:

      I MAY BE OLD FASHIONED BUT I THOUGHT THAT CAPITALISM WORKS ON FILLING NEEDS.AS LONG AS WE HAVE PLENTY OF ECOMONICAL OIL THERE IS NO NEED.WHEN "GREEN" IS NEEDED CAPITALISM WILL BE THERE AND FILL IT EFFECTIENTLY.UNTIL THEN THE "PLANNERS" WILL WASTE ASSETS AND TIME TO THEIR OWN "PROFIT" WITH NO RESULTS.

    6. mlokowich, mn says:

      "That’s too bad because I had thought…" It would be a GOOD business goal to redesign all energy using devices so they use 50% less energy! And boy oh boy you would probably make a ton of money. But, the government is not the bank, to fund your venture. The American people will jump on your band wagon when you succeed. You will have "built the proverbal, better mouse trap!" But equally American is your risk-taking… not (rent-seeking)! So in keeping with that spirit..if you send me a big pile of (your)money i will get started on that endeavor. I won't hold my breath.

    7. Bill, Forney, TX says:

      … As it stands now, there is no incentive to be totally successful in developing "alternative, green energy". All you have to do is make equipment that is somewhat less energy efficient than what we have now and because it is the "favored" technology, the government money and carbon credit money will pour in – it has to go SOMEWHERE!… Neal & Mlokowich have it right – unfortunately, the proven nuclear energy option is not on the "favored" list … It's a win-win for wind turbines (& big donor GE, by the way). Without the incentive and no risk, you WILL get inferior technology …

    8. Brad S,, Detroit, MI says:

      They need to erect a wind farm outside of Capitol Hill. They could power the entire nation with the amount of hot air being spewed from that building alone.

    9. Tim Az says:

      I suggest everyone in the Capitol be outfitted with personal methane reclamation gear so that they too will be doing their part to serve Father Gore for a better tomorrow.

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