Glenn Reynolds has some thoughts on what we should do in the wake of the collapse of the Warm Mongers:
…what should we do?
Nothing. At least, in my opinion, we should continue to try to minimize the use of fossil fuels regardless. Burning coal and oil is filthy, and they’re more valuable as chemical feedstocks anyway. We should be building nuclear plants and pursuing efficiencies in the shorter term, while working on better solar (including orbital solar), wind, etc. power supplies for the longer term. That doesn’t mean “hairshirt” environmentalism, where the goal is for neo-puritans to denounce people for immorality and trumpet their own superiority. It just means good sense.
I think some elaboration is required. Starting with (to use a politically incorrect phrase from the old Lone Ranger joke), what do you mean “we,” white man?
That is, who should decide?
I have a weird concept. How about letting the market do it?
For example, overhaul Price-Anderson to deindemnify the nuclear industry to make them more responsible for plant safety, in exchange for removing many of the design restrictions imposed by an anti-innovation Nuclear Regulatory Commission. Eliminate the bans on drilling, both on and off shore, to reduce energy costs in the near term (and cut the income of those making war on us and the West in general) and provide wealth to invest in the technologies that will eventually replace fossil fuels. Stop trying to pick technological winners (something government is notoriously bad at) and distorting the market with tax credits. Put some federal money into R&D, but eliminate government mandates (such as ethanol) whose purpose is more for political payoffs than environmentalism, and let the market sort out what makes sense.
This should be one of the planks of any new Contract With America — let the energy market work.
[Update late morning]
Three major corporations have pulled out of Climate Action Partnership:
Oil giants BP PLC and ConocoPhillips along with Caterpillar, Inc., the Peoria, Ill., heavy-equipment maker, have decided against renewing their membership in the organization, according to a statement released by the group Tuesday.
Red Cavaney, ConocoPhillips senior vice president for government affairs, said USCAP was focused on getting a climate-change bill passed, whereas Conoco is increasingly concerned with what the details of such a bill would be.
“USCAP was starting to do more and more on trying to get a bill out without trying to work as much on the substance of it,” Mr. Cavaney said.
Gee, sounds like health care. I expect this to be the beginning of a corporate stampede that will finally put a wooden stake through the heart of this monster. Business is starting to sense the blood of the ecofascists in the water. I’m still wondering if the Audi ad was part of that.