Freedom Line Blog

In a new report, the International Energy Agency (IEA) says that we must “invest” $10 trillion over the upcoming 20 years to stop global warming.  That’s $500 billion per year, and we’ll give you one guess as to which nation will be asked to shoulder that crippling new burden…

Shamelessly, this amount is 37% higher than the IEA said was necessary just one year ago.  The IEA also demands that developed nations such as the United States reduce carbon emissions even further than the economically destructive levels already being pushed by left-wing special interests and liberal politicians through such abominations as the Waxman-Markey bill, which will cost American families thousands of dollars each year and punish American business.  This IEA report also comes just as global temperatures continue their cooling plateau over the past ten years, meaning that the global warming hysteria may be today’s equivalent of the discredited global cooling craze of the 1970s.  But what’s a trifling $10 trillion, right?