William Yeatman

Post image for Winning Voter Support Makes Politicians Sound Normal on Energy Policy

E&E EnergyWire (subscription required) last week reported that Virginia Democratic Gubernatorial candidate Terry McAuliffe has endorsed federal legislation that would open offshore Virginia to oil and gas drilling. This is a major shift from his failed 2009 campaign, during which he opposed offshore drilling. On energy policy, McAuliffe also has done a U-turn on coal. In 2009, he pledged to never allow a coal fired power plant; now, he doesn’t mention coal-fired power, but his campaign does support increased coal exports.

McAuliffe’s abrupt shift in energy policy mirrors President Barack Obama’s performance during debates with GOP candidate Mitt Romney in late 2012. During his first term, President Obama’s administration imposed a suite of policies meant to inhibit hydrocarbon energy production in the United States. Yet during the debate, when the American public was paying attention, the President championed his supposed support for more oil and gas drilling, and even claimed to be a booster of the coal industry.

Post image for Stranger than Fiction: Ethical Abomination “Richard Windsor” Wins EPA Award for Ethics

Over at National Review, Eliana Johnson has an excellent post about my colleague Chris Horner’s latest FOIA find. Evidently, EPA Administrator Lisa Jackson took her Congressional-mandated transparency training using her false identity, “Richard Windsor.”And Mr. Windsor did well, because she was rewarded with three certificates attesting to her being a “scholar of ethical behavior.”

Documents released by the agency in response to a Freedom of Information Act request reveal that, for three years, the EPA certified Windsor as a “scholar of ethical behavior.”

The agency also documented the nonexistent Windsor’s completion of training courses in the management of e-mail records, cyber-security awareness, and what appears to be a counter-terror initiative that urges federal employees to report suspicious activity.

The EPA made the certifications public in response to a FOIA request from Chris Horner, a senior fellow at the Competitive Enterprise Institute who was tipped off to Jackson’s use of the Windsor account by agency employees while he was researching his 2012 book, The Liberal War on Transparency. Horner says that the EPA probably issued agency-wide training requirements for anybody who wished to maintain an active e-mail address, “never contemplating a false identity or fake employee would be created.”

So…EPA’s bloated bureaucracy thought that Lisa Jackson’s alias, the existence of which is a violation of transparency ethics, was a real person, and the agency awarded him/her a citation for ethics. Ladies and gentleman, your taxes at work!

This strange juxtaposition (i.e., Lisa Jackson ostensibly demonstrating her ethical behavior in the act of committing a gross ethical violation) immediately brought to mind the end of Billy Madison, when Billy’s nemesis, Eric, had a meltdown over “business ethics.” [click to continue…]

A team of independent filmmakers is raising funds through crowd funding to produce a short film depicting the irrational basis for climate change mitigation policies. “50 to 1” will show that “it is 50 times more expensive to try and stop global warming than it is to adapt to it as (and if) it happens.” To learn more, click here, where you can also donate to the project.

Post image for Electric Vehicles: Worst Business Model Ever?

Fisker Automotive, an electric car manufacturer that received $211 million in stimulus subsidies, last week filed for bankruptcy. A Fisker electric car cost $103,000, but the company spent $660,000 for each one it sold, according to Bloomberg. Chrysler CEO Sergei Marchionne told the Detroit Free Press that losing $557,000 on every case it sold would be “masochism to the extreme.” He then said that his company is only losing $10,000 on every battery powered Fiat 500 it sells. Presumably, Chrysler makes it up on volume.

Post image for EU’s Empty Climate Policy Reflects the Impossibility of a Global Climate Treaty (which is great for humankind)

I’ve long argued that the European Union’s climate policy is full of sound and fury, but signifies nothing. During the last 20 years, EU officials have been quick to blather about their supposed leadership on climate, based on a putative “success” reducing greenhouse gas emissions. But this has always been a mirage. In fact, EU emissions reductions since its adoption of the Kyoto Protocol have been largely derivative of unintended consequences stemming from three events that have nothing to do with climate mitigation policy. They are: (1) the shutdown of Soviet-bloc heavy industry; (2) the United Kingdom’s “dash to gas”; and (3) the Great Recession.

Meanwhile, EU’s actual climate policies have been ongoing failures. Take the EU’s goal of improving energy efficiency 9% by 2016 and 20% by 2020. Ex-EU bureaucrat whistleblowers recently told EUractiv that EU member states have relied on “tricks and abuses” to create the appearance that they are on track to achieve the targets. In January, the European Court of Auditors published a scathing audit of how EU member states spent almost $6.6 billion in subsidies to achieve the energy efficiency targets. From the press release:

“None of the projects we looked at had a needs assessment or even an analysis of the energy savings potential in relation to investments”, said Harald Wögerbauer, the ECA member responsible for the report, “The Member States were essentially using this money to refurbish public buildings while energy efficiency was, at best, a secondary concern.”

In order to better control the earth’s thermostat, the EU also has implemented a Soviet-style, green energy production quota of 20% by 2020. While member states have spent billions of dollars of taxpayer subsidies in order to support the EU’s green energy goals, the EU Commission in late March warned that, “There are reasons for concern about future progress; the transposition of the directive [the green energy production quota] has been slower than wished, also due to the current economic crisis in Europe.” In layman’s terms, this means that a lot of European countries spent a lot of money on expensive, green energy during the boom-time 2000s. But the boom has since gone bust, and these countries are now reducing unsustainable green energy subsidies. Because the green energy industry cannot compete without ever-more generous taxpayer give-aways, EU bureaucrats are justifiably concerned that their green energy production quota won’t be met.

But the EU’s biggest joke of a climate policy—by far—has been the Emissions Trading Scheme, a cap-and-trade. It’s actually failed twice. During its first phase, the over allocation of carbon rationing coupons led to windfall profits for utilities, but no actual emissions reductions, as the carbon price plummeted. This week, during its phase three, the Emissions Trading Scheme collapsed again, and this time, it appears to be down for good. According to an article from yesterday’s EUractiv,

The EU’s flagship scheme for cutting carbon emissions suffered one of the most serious setbacks in its chequered history on Tuesday (16 April), when MEPs voted against a proposal to shore up the price of carbon in the Emissions Trading System (ETS).

The proposed reform – known as “backloading” – aimed to reverse the plummeting price of carbon that has resulted from a surplus of permits in the ETS market. If successful, the reform would have resulted in the postponement of a series of auctions of carbon permits.

But MEPs in Strasbourg voted 334 against the reform, with 315 in favour, leading green campaigners to condemn the defeat as a “monumental failure” to mend the carbon trading market, which is Europe’s flagship climate policy and the biggest in the world. “They have lost all credibility on climate leadership,” said Doug Parr, Greenpeace UK’s chief scientist.

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On Wednesday, March 13, the Cooler Heads Coalition sponsored a Congressional briefing by Rupert Darwall on his new book, The Age of Global Warming: A History, in which he places the rise of the global warming movement in the context of the history of ideas.

My colleague Myron Ebell summarized Darwall’s new book thusly,

The book begins by discussing why 19th century predictions of eco-doom turned out to be wrong, but are still believed; and how the first environmental wave in the 1960s and early 1970s came crashing down during the economic crisis of the 1970s.  This set the stage for the second environmental wave, when global warming burst onto the world stage in the late 1980s and with an unlikely champion in the UK—Prime Minister Margaret Thatcher.

Darwall then shows in detail how science became the spear carrier of the global warming movement and how politics settled the scientific debate in 1992 when governments of the world agreed to the UN Framework Convention on Climate Change at the Rio Earth Summit.  His book concludes by examining how the developing world’s opposition to energy-rationing policies resulted in an unprecedented humiliation for the West at the Copenhagen climate summit in 2009.

Below is video of Darwall’s briefing.

CEI Hill Briefing: The Age of Global Warming from CEI Video on Vimeo.

 

Post image for Second Order Mission Creep: U.S. Military Gets into Investment Banking To Advance Green Energy

Last week, the Wall Street Journal reported that the U.S. military is exploring how to bundle renewable energy contracts into securities (à la subprime mortgages), in order to better leverage taxpayer dollars to pay for more green energy.

Is anyone else discomfited by this second order mission creep? The military is supposed to be fighting wars. Now, it’s getting into complex, risky investment banking. So that it can generate more green energy.

Surely General Patton is rolling in his grave.

Post image for On Fracking, NY Gov. Spurns the Experts

The Associated Press last week reported that New York Governor Andrew Cuomo was set to partially lift a statewide moratorium on hydraulic fracturing, a gas drilling technology also known as fracking, but he was persuaded to hold off on doing so by his former brother-in-law Robert Kennedy, Jr., a famous environmentalist. According to the AP, Kennedy impressed on Gov. Cuomo the “health problems” associated with fracking. Contrary to what Kennedy told the Governor, there are no such “health problems.” The truth is that environmentalist agitators like Kennedy and documentarian Josh Fox don’t have any evidence to back up their claims. If I was an upstate New Yorker whose property lay above the Marcellus Shale, a gas rich geological formation underneath much of the State, I’d question why my Governor is listening to his former brother-in-law, instead of the New York state geologist, Dr. Taury Smith, a fracking supporter who dismisses environmentalist alarmism about the drilling technique as being the “worst kind of spin.”

First, it was 1,200 emails of the Washington Post daily headlines, Google alerts of everything written about the Environmental Protection Agency on a given day and a compendium of blogs that mentioned the EPA. Then, having had their fun, EPA officials got serious in the second tranche of emails they released to CEI late Friday, pursuant to a court ruling that ordered the agency to comply with our FOIA requests. This time, we got actual emails … that revealed a lot … about the fine art of redaction. Remember, this is the production of the most powerful regulatory agency of the most transparent administration in history. “We have nothing to hide,” the EPA has told us. Sure doesn’t seem that way to us:

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Post image for Ex-Colorado Gov. Ritter on Energy Secretary Shortlist, Despite Record

Over at the Daily Caller News Foundation, reporter Greg Campbell takes a long look at ex-Colorado Governor’s qualifications to become the next Energy Secretary, a cabinet position for which he is rumored to be in the running. The President’s due diligence team should take note. Campbell writes:

One of Ritter’s main legacies as governor is a package of legislation called “the new energy economy” that was meant to kickstart renewable energy initiatives.

But his administration has come under scathing criticism recently for its handling of new energy projects. A state audit of the Colorado Energy Office — which began focusing on renewable energy initiatives during Ritter’s tenure — showed that it could not account for how it spent $252 million in state and federal money since 2007.

The agency could not say how much its programs cost or how much money was spent on them. The audit concluded that because of poor accounting, the energy office could not show that any of its programs were cost effective.

Much of the mismanaged money alluded to above came from the stimulus. In this respect, an Energy Secretary Ritter would provide a seamless transition from outgoing Secretary Steven Chu, whose tenure was characterized by pound-foolish stimulus spending.

According to Ritter, however, the state auditor has it all wrong:

He [Ritter] said that documents showing “in great detail” what was spent on various projects, as well as their outcomes, exist on the Internet and that there were “other avenues” for auditors to locate information.

Sooooo…….the missing exculpatory evidence is “on the internet”…..I’ve heard worse excuses, but not many.

In addition to the mismanagement of taxpayer money, Ritter also has a deep well of experience making energy more expensive. While in office, Ritter championed an agenda he labeled the “New Energy Economy.” In practice, it meant forcing Colorado ratepayers to use more green energy, and also fuel switching from coal to natural gas. Because green electricity costs more than natural gas electricity, which in turn costs twice as much as coal electricity in Colorado, Ritter’s New Energy Economy necessarily inflated electricity costs. As Campbell reports,

Indeed, a new report examining the financial impact of New Energy Economy legislation shows that Xcel Energy customers paid $484 million last year complying with the state’s tough new renewable energy standards and other clean energy measures, an amount that comprised 18 percent of Xcel’s total electricity sales in 2012.

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