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  • carbon capping

    Morning Bell: We're About to Have a Jobs Terminator in Washington

    In a taped message shown yesterday to California Gov. Arnold Schwarzenegger’s “Governors Global Climate Summit,” President-elect Barack Obama reiterated much of the same rhetoric from the campaign trail: a federal cap-and-trade system, cutting carbon emissions by 80% by 2020, $15 billion a year in new spending, and 5 million new … More

    Morning Bell: He Left the Truth in San Francisco

    For all of Barack Obama’s trouble telling the truth, he always feels free to speak his mind whenever he is in San Francisco. In April, Obama told a room full of wealthy San Franciscans what he thought of rural Americans, calling them bitter people who cling to guns and religion. … More

    Morning Bell: An Offer We Can Refuse

    Barack Obama’s energy adviser Jason Grumet told Bloomberg last week that an Obama administration would not “insert political judgments to interrupt the recommendations of the scientific efforts.” His promise was made in reference to the Environmental Protection Agency’s impending decision on whether or not to regulate greenhouse gas emissions under … More

    California Clueless on Carbon Capping Costs

    California’s Air Resources Board issued its final draft of an economy-wide plan that would slash the state’s emissions about 15% below today’s level by 2020. California voters and state legislators will not get to vote on the plan. Just like the EPA’s power grab at the federal level, unelected government … More

    Morning Bell: Bailout's Precedent Requires Vigilance

    According to the best sources on Capitol Hill, opposition to the financial rescue plan is wilting. This is good news for the American people. Action to address the credit crunch is urgently needed and both the addition of raising the FDIC insured funds cap to $250,000 and the SEC’s mark-to-market … More

    EU Cap and Trade in Complete Collapse

    Just this week 10 Northeastern states conducted the first cap-and-trade auction for greenhouse gasses in the United States. While the compliant press portrayed the event as an unmitigated victory for the pro-carbon capping movement, the important thing to remember is that while the 10 states involved (Maine, Vermont, Connecticut, Massachusetts, … More

    New Global Warming Targets That Miss the Mark

    At the G8 Summit in Japan, there was much talk about global warming, and considerable self-congratulation over the agreement among member nations to reduce greenhouse gas emission by 50% by 2050. There were also predictable cries from environmentalists that this target was not sufficiently stringent or legally binding. But negotiations … More

    New York Times Beginning to See The Light

    They waited until well after the debate over Lieberman-Warner in the Senate was over, but the New York Times finally reported today that Europe’s carbon capping scheme is not working. James Kanter writes: This week, the European Environment Agency reported that emissions from factories and plants that trade pollution permits … More

    The Cost of Not Allowing Nuclear

    The Heritage Foundation is no big fan of central planning or government subsidies. So while we commend John McCain for recognizing that nuclear energy ought to have a role in U.S. energy policy, we do not believe the federal government should be setting arbitrary targets like 45 or 100 nuclear … More

    Morning Bell: Why We Won

    Eager to protect Democratic senators from coal-producing and heavy industrial states, Majority Leader Harry Reid (D-Nev.) was expected to pull the Lieberman-Warner carbon-cap bill from the Senate floor today – and Majority Whip Dick Durbin (D-Ill.) says it’s not coming back. This is a major, but temporary, victory for conservatives. And … More