President Obama released his budget blueprint yesterday. Titled, “The New Era of Responsibility,” the full 140-page blueprint, broken down by department, can be found here. The Environmental Protection Agency’s budget, which balloons from $7.8 billion in 2009 to $10.5 billion in 2010, includes the following paragraph: After enactment of the …
In last night’s speech, President Obama remarked, “So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.” Today the House Committee on Ways and Means held a hearing on the scientific objectives for …
Apparently people forgot to mention to the central planners in Europe that prices fall during a recession. That includes carbon prices: Set up to price pollution out of existence, carbon trading is pricing it back in. Europe’s carbon markets are in collapse. A year ago European governments allocated a limited …
Vincent de Rivaz, CEO of the UK arm EDF energy, made an interesting but frightening comparison when talking about trading carbon credits under the European Union’s cap-and-trade program: We like certainty about a carbon price. [But] the carbon price has to become simple and not become a new type of …
[youtube]http://www.youtube.com/watch?v=ydqg7ThZB04[/youtube] When President-elect Barack Obama discusses his cap-and-trade policy (it gets good around the 32-second mark), at least he acknowledges “electricity rates will necessarily skyrocket.” I’m not sure why this isn’t getting more attention. People in this country were outraged when gas was $4-per-gallon. They assumed oil companies were artificially …
Despite the 5,800 miles between them, events yesterday in Poznan, Poland, and Sacramento, California, shed a frightening light on the direction President-elect Barack Obama’s administration wants to take our country on energy policy. First in Poznan, Sen. John Kerry (D-MA) promised delegates at an international climate conference that “Congress and …
Last week the Government Accountability Office (GAO) published a report confirming what anyone who knows anything about how markets actually work already knew: the European Union’s cap and trade policy has been a complete failure. According to the report the “price on carbon emissions fluctuated” making the system’s “cumulative effect …
This June we warned you that the left, discouraged by the utter failure of Lieberman-Warner in Congress, would instead try and implement a massive new carbon tax through bureaucratic means the same way California is doing with their California Air Resources Board. Last week we detailed how President-elect Barack Obama’s …
