82_VOL_83
Nickelback rocks!
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Fair point, but these companies are still backing policies that would hurt many assets. BP, Shell, Total, Statoil, ... these are all companies with vast oil reserves that stand to lose a lot. There is no ulterior motive.
But you guys can just rationalize that they're all in on the liberal science conspiracy too. Whatever floats your boat
One peer reviewer, Professor Sandra Steingraber of Ithaca College, is the cofounder of New Yorkers Against Fracking. Another, Professor Robert Oswald of Cornell University, has actively campaigned for a fracking ban. A third peer-reviewer has called for fracking moratoriums.
All three peer-reviewers declared that they had no competing interests in the fracking debate.
However, Steingraber has worked extensively withand received financial support fromthe Ithaca-based Park Foundation, which is explicitly opposed to fracking. Its president called for a New York fracking ban in 2011.
The two groups created an echo chamber, EID says: They funded studies on frackings supposed dangers, activist groups to promote the studies and to leverage them into political advantage, and friendly media outlets to report on the process.
1. As of the end of 2011, 150 × 10^9 cubic meters (5.3 × 10^12 cubic feet) of associated gas are flared annually. That is equivalent to about 25 per cent of the annual natural gas consumption in the United States or about 30 per cent of the annual gas consumption in the European Union.[12]No ulterior motive my ass. Look at oil prices. NG is cheaper to get to, hell they flare off more in a month than we use in a year so they wants bigger market for it.
What you said wasNo, you still don't get it. The free market is saying it isn't a problem. The free market will know when it is a problem before you pointy heads do.
What your article said wasThis guys says that sea levels aren't rising. Based on what? The free market.
Nice try backpedaling thoughSea levels arent rising. Its not popular to be a climate denier these days, but Tamny is a skeptic. Markets talk to us through price signals, and they tell us that climate change will not have the disastrous effects described in former Vice President Al Gores movie, An Inconvenient Truth. If climate change were resulting in rising sea levels, coastal homes would not go for such fabulous sums. Rather, properties near the sea would be dropping in value every year. A quick look at the Mansion section of Fridays Wall Street Journal shows that this isnt happening.
Even more troublesome for climate alarmists is that the most expensive coastal communities places like Malibu, Manhattan and the Hamptons are filled with people who say they believe in man-made global warming, writes Tamny. Al Gores mansion close to Montecito, Calif., shows that global warmings most famous advocates apparently dont take their cause all that seriously. When climate change begins to cause the seas to rise, expect prices to fall.
What you said was
What your article said was
Nice try backpedaling though
So how can the free market tell us more about sea level rise than physical reality, especially when the government already heavily subsidizes coastal communities?
Hopefully the EPA acts on the comments and makes appropriate fixes before finalizing the rule.A group of University of Tennessee graduate students made this point to EPA at a public hearing last summer.
Using EPA's own data, the graduate students showed that EPA's energy policy plan creates incentives for states to shut down nuclear power plants and replace them with natural gas combined cycle plants. The students demonstrated that under this scenario, EPA's model shows emission reductions while real world emissions actually increase.
President Obama's EPA has shifted its position on nuclear energy and hidden that policy shift in a model.
For example, when EPA modeled the Lieberman-Warner bill in 2008, the agency indicated 44 nuclear plants would need to be built by 2030 in order to achieve the carbon reductions mandated in the bill. EPA's modeling of the 2009 Waxman-Markey bill showed the need to build 275 new nuclear plants by 2050 to meet the carbon reduction targets in the legislation.
Where did this policy shift come from?
At a recent hearing in the Environment and Public Works Committee, Mary Nichols, chairman of the California Air Resources Board, told Congress that EPA looked at California's California Global Warming Solutions Act when developing its so-called Clean Power Plan and that EPA's plan adopts the same policy choices -- limited credit for either nuclear or hydropower -- both of which are carbon-free.
Thus, EPA is assuming legislative powers and is making policy choices that favor some forms of carbon-free energy over others.
Do you prefer flip-flopper?
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You might think you have me on a point but you don't and it just illustrates your willful ignorance. The free market is telling us that sea level rise isn't a problem. It has been rising at such a minutely slow rate that the free market adapts as the landscape has changed but that it is so insignificant that it isn't a problem. And, it surely doesn't require government intervention.
The government already spends millions and millions of dollars on increasingly expensive beach renourishment each year...You know Bart, water causes erosion. Do we need the government to intervene in every case of erosion or do we let the free market handle it?
Global banking giant HSBC has warned investors of the growing risk of their fossil fuel assets becoming useless, in a private report seen by Newsweek.
In the report, titled Stranded assets: what next?, analysts warn of the growing likelihood that fossil fuel companies may become economically non-viable, as people move away from carbon energy and fossil fuels are left in the ground.
The paper proposes three options for investors - divesting completely from fossil fuels; shedding the highest risk investments such as coal and oil; or staying the course and engaging with fossil fuel companies as an investor. The report argues that investors who stay in fossil fuels may one day be seen to be late movers, on the wrong side of history.