Environmental and Energy Economics

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I remain confused. I have attacked ExxonMobil, and I have defended ExxonMobil. Negin makes it clear that I oppose ExxonMobil’s preferred climate policies, while others seem to argue that I am in ExxonMobil’s hip pocket.

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While coal is in retreat here in America, it remains the world’s mainstay for electricity generation. The need for advanced coal technologies is greater than ever.

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The Climate Leadership Council is advocating a carbon tax that funds a “carbon dividend” paid to all Americans. Despite what the CLC says, that is not revenue-neutral.

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Many rural Americans express support for wind power, but turn against wind after learning their quality of life is negatively affected by the presence of large and ubiquitous wind farms in their communities.

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If foreign vessels were able to ship U.S.-produced oil from Gulf Coast ports to East Coast refineries, it would save U.S. consumers about $1 billion annually.

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The oversight board created by PROMESA has no power to force yet another renegotiation on Puerto Rico’s power authority debt, the rationales for which are incorrect analytically in any event. And the power authority must regain access to capital markets, which the approved deal allows it to do.

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The divestment campaign deterring fossil fuel investments does not make financial sense and is unlikely to achieve its environmental goals.

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New York Attorney General Eric Schneiderman that ExxonMobil failed to apply a future “proxy cost” of greenhouse gases as part of its estimation of the value of its reserves; but under clear regulations from the Securities and Exchange Commission, the value of reserves must be estimated using average oil prices for the previous year.

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Using government subsidies to keep virtually-useless and technologically-redundant nuclear plants in operation is absurd.

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It’s time to put an end to the debate over fracking and recognize what is already obvious: Lower-emission technologies are here to stay.

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