Guest essay by Paul Driessen | August 30, 2015 | www.wattsupwiththat.com
Reeling stock markets across the globe hammered savings, pension funds, innovation and growth. US stocks lost over $2 trillion in market value in eight days, before rallying somewhat, while the far smaller Shanghai Composite Index lost $1 trillion in four days of trading, the Wall Street Journal reports.
Battered economies continue to struggle. Investment banks are pulling out of developing countries. An already exploding and imploding Middle East now confronts a nuclear arms race and human exodus.
Complying just with federal regulations already costs American businesses and families $1.9 trillion per year, the Competitive Enterprise Institute calculates. That’s more than all 2014 personal and corporate income tax receipts combined – and Obama bureaucrats issued 3,554 new rules and regulations last year.
EPA’s 2,691-page Clean Power Plan is designed to eliminate coal mining and coal-fired power plants – and minimize natural gas substitutes. The CPP requires that gas use can increase by only 22% above 2012 levels by 2022, and just 5% per year thereafter. On top of that, new natural gas-fueled generating units that replace coal-fired power plants absurdly do not count toward state CO2 reduction mandates.
That means millions of acres of new wind and solar installations that generate expensive, unreliable electricity – and survive only because of subsidies, tariffs, anti-fossil fuel mandates, and exemptions from endangered species, environmental impact and other requirements that block fossil fuel projects.
Anti-energy, anti-growth policies imposed in name of preventing “dangerous manmade climate change” impact everything we do. For minority, elderly and working class families, they bring soaring electricity costs, rising unemployment, unproductive lives on government assistance, diminished health and welfare, and shorter life spans. They hogtie economies and kill jobs, prolong and worsen economic quagmires, crush aspirations and opportunities, perpetuate poverty, and foster anger, unrest and conflict.
None of these hard realities seems to bother President Obama, though. In fact, he is determined to use the December climate conference in Paris to lock the United States into binding treaty commitments to slash the common folks’ fossil fuel use, CO2 emissions, economic growth and job creation even further.
Anyone who cares about living standards, lifting billions of people out of abject poverty, and reining in the power of unaccountable US, EU and UN bureaucrats needs to pay attention and get involved.
Earth’s climate is doing pretty much what it always has: responding to powerful natural forces, changing, and driving atmospheric patterns and weather events that benefit some, harm others and sometimes wreak devastation. It is not doing what gloom-and-doom computer models and headlines predicted.
We do not need to “fix” or “control” the climate. We couldn’t if we tried. We do need to fix the climate of fraud, corruption and destructive policies that kill jobs, dreams and people. We need to realize that most countries will not commit economic suicide. They may sign a climate treaty – but for reasons that have nothing to do with environmental protection … and only if their obligations are distant and ephemeral.
Mr. Obama has said from the outset that he would use executive decrees to “fundamentally transform” the United States and ensure that electricity prices “necessarily skyrocket.” He has kept his word.
He and his friends in the UN, EU, Big Green and Climate Crisis Industry have also made it clear that they intend to use the Paris conference to negotiate the future distribution of the world’s wealth and resources, determine what economic growth and living standards are “ecologically feasible,” and transform the global economic development model: replacing sovereign nations and free enterprise capitalism with global governance and decision-making based on “sustainable development” and “dangerous manmade climate change” mantras. 1992 climate conference organizers even said saving the world requires that they cause “industrialized civilization to collapse.” They intend to keep their promises.
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