By: Larry Bell

President Obama has put salvation from dreaded climate catastrophes on his action agenda hot list. During his inaugural address he said: “We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations.” He went on to shame anyone who disagrees with this assessment, saying, “Some may still deny the overwhelming judgment of science, but none can avoid the devastating impact of raging fires and crippling drought and powerful storms.”

This sort of scary presidential prognostication isn’t new. He previously emphasized at the Democratic National Convention that global warming was “not a hoax”, referred to recent droughts and floods as “a threat to our children’s future”, and pledged to make the climate a second-term priority.

As much as I hate to nit-pick his doomsday scenarios, it might be appropriate to correct a few general misconceptions before getting back to that “overwhelming judgment of science” stuff.

Read the rest at: Forbes

By Michael Bastasch

The European Union’s cap-and-trade system took a huge hit on Thursday, with carbon prices plummeting a record 40 percent after a panel rejected a plan to delay emission permit sales to alleviate the overabundance of permits already in the system.

“The market is panicking, really,” Daniel Rossetto, managing director of Climate Mundial, told Bloomberg, adding that traders fear that Europe’s carbon emissions market won’t continue past 2020.

An excess of carbon emission permits in the 54 billion euro trading system drove the price down 91 percent from its record high in April 2006. Carbon permit prices sank to a record low of 2.81 euros ($3.75) per metric ton immediately after the panel rejected the EU plan. However, prices slightly rebounded to 4.33 euros per metric ton.

Read the rest at The Daily Caller.

By Townhall.com staff. Blogger, Townhall.com

Another federally subsidized green project bites the dust. The Amonix solar facility in Las Vegas, according to former employees, has been out of operation since May of this year. The solar facility was backed by $21.5 million in federal grants and tax breaks. Naturally, Harry Reid was an early and vocal supporter of this undertaking.

Read the rest at townhall.com

As the wheels are falling off the global warming bandwagon, Obama will double down?

By Ben German

President Obama is vowing to make the case for action on global warming during the 2012 campaign.

“I suspect that over the next six months, this is going to be a debate that will become part of the campaign, and I will be very clear in voicing my belief that we’re going to have to take further steps to deal with climate change in a serious way,” Obama told Rolling Stone magazine in a newly published interview.

Obama’s comments follow a first term that saw global warming legislation collapse in Congress but several administrative steps to address climate proceed, such as tougher auto mileage rules and first-time greenhouse gas standards for new power plants.

Read the rest at the Hill.

By Paul Chesser

Despite a new report out of the United Kingdom that says the future of the business is bleak without government subsidies, a three-year-old unprofitable electric truck company that received $32 million in U.S. taxpayer stimulus plans to raise more money via an initial public offering.

Kansas City-based Smith Electric Vehicles was launched in January 2009, and despite its lack of track record and the inexperience of its leadership, the Department of Energy awarded the company $10 million in August 2009, and an additional $22 million in March 2010, for an electric truck demonstration program. The company was little more than a spinoff of a failed U.K. operation with the same name, owned by a troubled parent company called The Tanfield Group. In July 2008 – largely because of Smith-UK’s shortcomings – Tanfield’s stock price “collapsed” (scroll down at link) and was harming other holdings of its founder, Roy Stanley.

Smith-UK’s electric truck venture, part of the “green” energy economy euphoria that swept Europe, once received praise from luminaries such as former Prime Minister Tony Blair, who called Tanfield “UK manufacturing innovation at its best.” But soon afterward media discovered that customers for the electric trucks were sparse, and investors wondered whether the company was “more hype than reality.”

A study commissioned by the U.K. Department of Transport confirms the industry was unworthy of the publicity it received. British consulting firm Element Energy examined the total costs of ownership of low emission vans, in light of the government’s plans (implemented in February) to extend its Plug-In Car Grant program to electric trucks. It found that for electric trucks to make economic sense, government would need to provide grants indefinitely in order to compete with diesel-powered vehicles.

Read the rest at National Legal and Policy Center.

By Joel Gehrke

In keeping with the recent trend of so-called green companies going into the red, another solar energy company supported by President Obama’s top administration officials declared bankruptcy today.

Solar Trust for America received $2.1 billion in conditional loan guarantees  from the Department of Energy — “the largest amount ever offered to a solar project,” according to Energy Secretary Steven Chu — for a project near Blythe, Calif., but declared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.

Read the rest at the Washington Examiner.

By John Murawski

State officials have approved a proposed 49-turbine wind farm in Eastern North Carolina that critics worry could kill migrating birds from the Pocosin Lakes National Wildlife Refuge nearby.

The N.C. Utilities Commission said Thursday that it had no legal authority to reject the Pantego Wind Energy Facility, which would spread over 11,000 acres in Beaufort County. But the state commission said the wind farm can’t move ahead until it receives state and federal environmental permits and meets other strict conditions.

As it is, the wind project is delayed by one year, with the earliest possible date it could be operating and generating electricity now put back to late 2013.

The project, proposed by Chicago-based Invenergy, would feature turbines reaching nearly 500 feet into the air to the tip of the blade. The blades could achieve rotational speeds exceeding 100 miles per hour in air space congested with birds and bats – a chief concern to naturalists and environmentalists who wanted more research on bird flight patterns before allowing the project to proceed.

At risk are several species, including some 100,000 tundra swans that migrate to the wildlife refuge each winter and forage on nearby farms, an annual spectacle and tourist attraction.

Read the rest at the Raleigh News & Observer

By Dan Springer

Wind farms in the Pacific Northwest — built with government subsidies and maintained with tax credits for every megawatt produced — are now getting paid to shut down as the federal agency charged with managing the region’s electricity grid says there’s an oversupply of renewable power at certain times of the year.

The problem arose during the late spring and early summer last year. Rapid snow melt filled the Columbia River Basin. The water rushed through the 31 dams run by the Bonneville Power Administration, a federal agency based in Portland, Ore., allowing for peak hydropower generation. At the very same time, the wind howled, leading to maximum wind power production.

Demand could not keep up with supply, so BPA shut down the wind farms for nearly 200 hours over 38 days.

“It’s the one system in the world where in real time, moment to moment, you have to produce as much energy as is being consumed,” BPA spokesman Doug Johnson said of the renewable energy.

Now, Bonneville is offering to compensate wind companies for half their lost revenue. The bill could reach up to $50 million a year.

The extra payout means energy users will eventually have to pay more.

“We require taxpayers to subsidize the production of renewable energy, and now we want ratepayers to pay renewable energy companies when they lose money?” asked Todd Myers, director of the Center for the Environment of the Washington Policy Center and author of “Eco-Fads: How the Rise of Trendy Environmentalism is Harming the Environment.”

Read the rest at Fox News.

In a speech before the Daimler Trucks North America manufacturing plant in Charlotte, N.C. today, the president delivered his answer to rising gas prices: He wants to increase the $7,500 tax credit for alternative-energy vehicles to $10,000, earmark $1 billion to reward cities that provide infrastructure for such vehicles, earmark an additional $650 million for a research program to increase the range and decrease the price of the vehicles, and repeal $4 billion of tax incentives for oil and gas companies.

Read the rest at Hot Air.

Investors Business Daily Editorial

Energy: The White House billed President Obama’s energy policy speech as a response to mounting criticism of record high gas prices. What he delivered was a grab bag of excuses and outright falsehoods.

Obama’s main message to struggling motorists was: It’s not my fault, so stop whining. The speech only got worse from there, recycling excuses and myths that Obama’s peddled for years. But there were some standout whoppers that deserve debunking. The five biggest:

“We’re focused on production.”

Fact: While production is up under Obama, this has nothing to do with his policies, but is the result of permits and private industry efforts that began long before Obama occupied the White House.

Obama has chosen almost always to limit production. He canceled leases on federal lands in Utah, suspended them in Montana, delayed them in Colorado and Utah, and canceled lease sales off the Virginia coast.

His administration also has been slow-walking permits in the Gulf of Mexico, approving far fewer while stretching out review times, according to the Greater New Orleans Gulf Permit Index. The Energy Dept. says Gulf oil output will be down 17% by the end of 2013, compared with the start of 2011. Swift Energy President Bruce Vincent is right to say Obama has “done nothing but restrict access and delay permitting.”

“The U.S. consumes more than a fifth of the world’s oil. But we only have 2% of the world’s oil reserves.”

Fact: Obama constantly refers to this statistic to buttress his claim that “we can’t drill our way to lower gas prices.” The argument goes that since the U.S. supply is limited, it won’t ever make a difference to world prices.

Read the rest at Investors Business Daily.

There’s no compelling scientific argument for drastic action to ‘decarbonize’ the world’s economy

By 16 concerned scientists (see end of article)

A candidate for public office in any contemporary democracy may have to consider what, if anything, to do about “global warming.” Candidates should understand that the oft-repeated claim that nearly all scientists demand that something dramatic be done to stop global warming is not true. In fact, a large and growing number of distinguished scientists and engineers do not agree that drastic actions on global warming are needed.

In September, Nobel Prize-winning physicist Ivar Giaever, a supporter of President Obama in the last election, publicly resigned from the American Physical Society (APS) with a letter that begins: “I did not renew [my membership] because I cannot live with the [APS policy] statement: ‘The evidence is incontrovertible: Global warming is occurring. If no mitigating actions are taken, significant disruptions in the Earth’s physical and ecological systems, social systems, security and human health are likely to occur. We must reduce emissions of greenhouse gases beginning now.’ In the APS it is OK to discuss whether the mass of the proton changes over time and how a multi-universe behaves, but the evidence of global warming is incontrovertible?”

In spite of a multidecade international campaign to enforce the message that increasing amounts of the “pollutant” carbon dioxide will destroy civilization, large numbers of scientists, many very prominent, share the opinions of Dr. Giaever. And the number of scientific “heretics” is growing with each passing year. The reason is a collection of stubborn scientific facts.

Perhaps the most inconvenient fact is the lack of global warming for well over 10 years now. This is known to the warming establishment, as one can see from the 2009 “Climategate” email of climate scientist Kevin Trenberth: “The fact is that we can’t account for the lack of warming at the moment and it is a travesty that we can’t.” But the warming is only missing if one believes computer models where so-called feedbacks involving water vapor and clouds greatly amplify the small effect of CO2.

Read the rest at the Wall Street Journal

Washington, D.C. – Senator James Inhofe (R-Okla.), Ranking Member of the Senate Committee on Environment and Public Works commented on President Obama’s State of the Union Address.

“President Obama has clearly received the message that his global warming agenda is gone, dead, done with the American people – that’s why he was touting oil and natural gas so much in his State of the Union address tonight,” Senator Inhofe said. “He understands that especially in a weak economy, Americans want the hundreds of thousands of jobs, the affordable energy prices, and the increased energy security that domestic fossil fuel development brings. But while he talks the talk, he is clearly still determined to achieve his global warming agenda by shutting down oil, gas and coal development so that energy prices will, as he said himself, ‘necessarily skyrocket.’

“President Obama congratulated himself tonight on decreasing imports of oil from the Middle East, but failed to mention that his policies of energy austerity, which have caused gasoline prices nearly to double since he took office, are responsible for it. If he is determined, as his Energy Secretary Steven Chu said, to ‘boost the price of gasoline to the levels in Europe’ he is well on his way to achieving that goal. He claims to care about energy security, yet he stopped the Keystone pipeline – and the 20,000 American jobs it would have created – which would have done more than any other project to increase our energy security and revive our economy.”

Read the rest at the US Senate Committee on Environment and Public Works.

By Dan Chapman

The failed Range Fuels wood-to-ethanol factory in southeastern Georgia that sucked up $65 million in federal and state tax dollars was sold Tuesday for pennies on the dollar to another bio-fuel maker with equally grand plans to transform the alternative energy world.

LanzaTech, a New Zealand-based biofuel company, paid $5.1 million for the plant in Soperton. Its main financial backer: Vinod Khosla, a California entrepreneur who also bankrolled Range Fuels, and helped secure its government loans, before Range went bust last year.

LanzaTech hasn’t received the same type of loans, but the company has received $7 million from the U.S. departments of Energy and Transportation to assist in the development of alternative fuels.

Read the rest at the Atlanta Journal-Constitution

By the P/O’d Patriot

I, like many of you, did a few cartwheels when I noticed the headline on Drudge that said:

“Congress Overturns Incandesenct Light Bulb Ban…”

The dreaded “green” light bulb ‘mandate’ that was created in 2007 was dead! I began to proclaim the good news from the highest mountains in the land of Facebook without even reading the article. 

Shame on me for doing so…

I shortly found an article in Forbes that popped my bubble. So did Congress reverse the light bulb ban?  No, No, not really…

Read the rest at Gateway Pundit.

By Jo Nova

Good news. The talented strategists left the UNFCCC team before COP17 in Durban. The A-graders saw the trainwreck coming and moved on.

Everyone knows it’s a herculean task to get 190-odd countries to sign anything, and with a typical pragmatical approach the UN drafting team have gone for … not just a new “International Court” (crikey!) but rights for Mother Earth (can we be sued by a rock?), and oh boy, the holy grail, the whole kit and caboodle … we demand Peace On Earth, and a  Partridge in a Pear Tree, as Part 47a, and starting by morning tea tomorrow.

Monckton  reports that the funereal collapsing Durban talks still held the highest of ambitions. Godlike even. The real action behind the posters of parrots and pleas to save pygmy corals, or spotted limpets is the plea to make some unelected bureaucrats the totalitarian Kings of The World.

In part it’s chilling, a New International Court — which could presumably try you for crimes against coastlines, clouds, or (more likely) against endangered windfarms. Those with their hands on the legal wheel want the power to direct money (was that $1.6 Trillion?)  from the richest nations to their friends, patrons, or pet causes. If they became the anointed Kings, it would swiftly become a crime to speak doubts of climate models upon which billions of trades depends.  The darkest evil always comes cloaked with helpful intentions.

Fortunately, what’s left of the UN strategic team is even lower caliber than B-grade, beyond Z, somewhere into hexadecimal.

Ladies and Gentlemen, the grown-ups in the IPCC-support-team left the party sometime after Copenhagen, and the Z++ team are left to guard the bones. No one can take this wild ambit claim seriously.

Read the rest at JoNova.