Elsewhere in the blogosphere, my colleague Chris Horner and “hockey stick” fabricator Michael Mann are engaged in a highly charged debate on Climategate.
It started with this post by Horner at the Daily Caller. The intro aptly sums his argument:
A federal government inspector general has revealed prima facie proof that the so-called independent inquiries widely if implausibly described as clearing the ClimateGate principals of wrongdoing were, in fact, whitewashes. This has been confirmed to Senate offices. It will not be released to the public for some time because the investigation is ongoing.
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My CEI colleague Chris Horner and I have a piece in today’s Daily Caller, on the Department of Energy’s awful green bank.
This excerpt aptly summarizes out take:
The point of a green investment bank is ostensibly to facilitate the commercialization of new, dormant or otherwise commercially unsuccessful technologies by providing easier financing than is available in the real world, where people scrutinize where they invest their money. It turns bureaucrats into bankers, but with your money, and no real-world incentives to “invest,” as the word connotes and denotes.
Critics argue that these bureaucrats are picking winners and losers. If only. In fact, they just pick from losers.
I especially like that last line, about how the green energy industry is a loser. As Chris and I have explained elsewhere, any industry, like green energy, that owes its creation to government handouts is fundamentally uncompetitive, and, therefore, will always be on the taxpayer dole.
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