Tuesday, February 16, 2010

We don't need no stinkin' green badges

Big businesses appear to be having second thoughts about whether green is their color, and the state of Texas is going to court against the EPA butting into our state business.

Myron Ebell, director of energy and global warming policy for the Competitive Enterprise Institute, just had a pr firm send out an e-mailed comment from him about BP America, Conoco Phillips and Caterpillar dropping out of the U.S. Climate Action Partnership.

I don't know that he's right, but at least the Twitter world is abuzz with the "news."

Anyway, Myron's take is this on the big businesses.

They “are recognizing that cap-and-trade legislation is dead in the U. S. Congress and that global warming alarmism is collapsing rapidly. We hope that other major corporations will soon see the light and drop their support for cap-and-trade and other energy-rationing legislation,” Ebell said.

Not being tied into an industry mouthpiece group like Ebell, I can’t swear by all that, but the hits keep coming.

According to another industry group, the CLEAR Act that advocates a cap and dividend program in which greenhouse gasses are controlled but there’s no trading of carbon credits in a marketplace that could involve speculation by those Wall Street types is generating a huge buzz of lobbying in Washington.

Really? I wouldn’t have dreamed.

And then there’s the EPA opposition by the state of Texas. The good governor, attorney general and ag commissioner announced today they will lay siege on the U.S. Court of Appeals to challenge the EPA finding that greenhouse gasses are a danger, and we need federal regulations to curb them.

Of course, Texas’ argument is the same as the industry groups’ – money matters more. (Let the kids fend for themselves. We’ve got an empire to defend.)

Rick Perry, according to a news release, said this: “The EPA’s misguided plan paints a big target on the backs of Texas agriculture and energy producers and the hundreds of thousands of Texans they employ. This legal action is being taken to protect the Texas economy and the jobs that go with it, as well as defend Texas’ freedom to continue our successful environmental strategies free from federal overreach.”

Besides, Perry doesn't look good in green. He's more of a red-white-and-blue man.

But to be fair, the Texans at least offer a compromise to “just say no.” They want to continue developing alternative energy production with tax credits to multi-national companies.

Seems this could be another momentum switch as the carbon-laden winds blow another direction. Doesn’t mean we will see a resolution, just a shift in who thinks they’re winning the hearts and minds.

There’s billions of dollars involved, so the dancers should continue to swirl and twirl.

No comments: