by Fred L. Smith, Jr.
August 02, 2004 @ 11:00 pm
In these days of corporate scandal, who can argue against full disclosure on financial statements? But now comes one cockeyed movement that pushes the concept to extremes. It would require executives to guess potential liabilities from environmental and social problems that just might affect their companies, and list them on balance sheets.
I can envision, for instance, that an oil company like Royal Dutch/Shell, as supplier of fuels that supposedly contribute to global warming, would have to report the potential environmental…
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by Dr. Margo Thorning
June 29, 2004 @ 11:00 pm
Dr. Margo Thorning
American Council for Capital Formation
Dr. Margo Thorning is senior vice president and chief economist with the American Council for Capital Formation and director of research for its public policy think tank. Dr. Thorning also serves as the managing director of the International Council for Capital Formation. Thorning is an internationally recognized expert on tax, environmental, and competitiveness issues. She writes and lectures on tax and economic policy, is frequently quoted in publications such as the Financial Times, Suddeutsche…
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by William Yeatman
January 21, 2003 @ 11:00 pm
Glenn Schleede, the intrepid energy analyst, has done another bang-up job of identifying the weaknesses of yet another wind power project. This time his sights are set on West Virginia, and the prognosis is bleak.
One wind farm is already in operation in West Virginia, another has been approved by the Public Service Commission, and a third application is still pending. The amount of power produced from the three plants, assuming a generous 30 percent capacity factor, would equal a little…
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by William Yeatman
November 26, 2002 @ 11:00 pm
Offshore Wind Farm Poses Significant Economic and Environmental Costs
Energy analyst Glenn Schleede has once again exposed the problems with wind power in comments he has submitted to the U.S. Army Corps of Engineers, which is conducting an economic and environmental analysis of a proposed offshore wind farm.
The wind farm proposed by Winergy LLC would be located five miles off the coast of the eastern shore of Virginia. In a preliminary analysis, the Corps determined that the project would not require…
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by William Yeatman
October 29, 2002 @ 11:00 pm
Another Southwestern state is making a big splash in the renewable energy market. New Mexicos largest utility company, Public Service Company of New Mexico (PNM), announced on October 22 that it will team up with Florida-based FPL Energy to build the nations third-largest wind generation facility.
The project, known as the New Mexico Wind Energy Center, will be located in Quay and De Baca counties 20 miles northeast of Fort Sumner. It will cost $200 million dollars and will include 136…
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by William Yeatman
September 17, 2002 @ 11:00 pm
New York Wind Farms a Bad Decision
In August, New York Governor George Pataki announced a $17 million aid package to four private companies to develop wind farms in various parts of the state. But, according to Glenn Schleede, president of Energy Market & Policy Analysis, New Yorkers should be wary of the environmental claims of wind power.
The New York Energy Plan estimates that the eight wind farms, with a combined 250 wind turbines, would produce approximately 900,000 kilo-watt hours (kWh)…
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by William Yeatman
January 08, 2002 @ 11:00 pm
The British government keeps raising taxes on energy, and businesses are feeling the pinch. Industrial gas prices rose 20 percent last year, due in large part to Britains climate change levy. As noted by Reuters (January 7, 2002), higher taxes exacerbate an already turbulent energy market in Britain. “UK prices have doubled over the last two years, partly because the opening of the UK/Belgium interconnector pipeline linked British prices to European gas prices which are indexed to oil prices.”
“Gas demand in…
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by William Yeatman
October 02, 2001 @ 11:00 pm
EU Bows to Industry Pressure
The European Union has been devising an emissions trading scheme to trade greenhouse gas permits, that is scheduled to take effect in 2005. According to Reuters (October 2, 2001), “The EU executive originally aimed to propose the regulations in July but was persuaded to redraft them in a more business-friendly form after intense lobbying from industry.”
Firms within the EU have demanded the changes because they fear that the plan would put them at a competitive disadvantage with…
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Energy Secretary Spence Abraham began to lay out the administrations energy policies in a major speech at the U. S. Chamber of Commerces National Energy Summit on March 19 in Washington, D. C. He left no doubt that the Bush Administration intends to keep its campaign promises to push policies that will promote more affordable and abundant energy supplies for American consumers.
Abraham characterized the Clinton-Gore Administrations energy policy as, “You cant find it, you cant transport it, and even…
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Proposed Wisconsin Wind Farm a Poor Alternative
We recently reported on a study by Glen Schleede, president of Energy Market & Policy Analysis, Inc., about the feasibility of the U.S. Department of Energys Wind Energy Initiative. Now Mr. Schleede has released a second report on a proposed wind farm in Addison, Wisconsin.
The wind farm is a proposal of a Florida Company (FPL Group) and two Midwestern electric wind farm would only produce 0.14 percent of the electricity generated by Wisconsins utilities…
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