Feds Mandate Non-Existent Solution for Non-Existent Problem
In my column last week, I wrote about how rapidly predictions of catastrophic global warming are unraveling. Despite the fact that the case for skepticism is probably better than ever, the Obama Administration is still proceeding with new EPA regulations to cap carbon emissions, which will have the practical effect of crippling the coal industry.
What’s perhaps most remarkable about this crusade is that the EPA claims the problem can be handled through carbon sequestration — a technology that’s not commercially viable (though this should come as no surprise coming from the same people that think solar and wind power are the wave of the future). As Larry Bell notes at Forbes:
EPA’s latest climate battle plan is to prohibit construction of new coal-fired power plants that can’t achieve 1,100 pound per megawatt hour carbon emission limits. To accomplish this will require plant operators to capture and store (“sequester”) excess CO2, something that cannot be accomplished through affordable means, if at all. [The Institute for Energy Research estimates] that this “regulatory assault” will eliminate 35 gig watts of electrical generating capacity…10% of all U.S. power. As the Competitive Enterprise Institute observes, “If the carbon dioxide emissions standard for power plants proposed by the EPA today is enacted, the United States will have built its final coal-fired power plant.”
The liberal environmental establishment wants to bankrupt the coal industry. That’s their prerogative. But they should at least be honest about it instead of acting like they’re simply helping the industry transition to the next best thing. Perhaps they could take a page out of this fella’s book:
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