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.
The divestment campaign deterring fossil fuel investments does not make financial sense and is unlikely to achieve its environmental goals.
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.
Using government subsidies to keep virtually-useless and technologically-redundant nuclear plants in operation is absurd.
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.
Alex Brill has continued the widespread practice of economists pretending to be politicians with his short new essay arguing for a carbon tax. Ben Zycher shows the central problem with that consensus viewpoint.
One would think The Washington Post would have enough self-respect to be wary of the biased preconceptions of its writers, and thus might ask its editors to perform the serious role of intellectual policemen. And one would be wrong.
Conservatives should work to ensure that the eventual solutions to carbon pollution are market-based strategies to encourage consumers and innovators alike to pursue socially optimal outcomes.
Even if renegotiated to put “America First,” the entire Paris/UNFCCC process is silly and destructive as a strategy to engender environmental improvement, but it works beautifully as a mechanism to transform the climate industry into a perpetual-motion machine.
This book seeks to answer whether a carbon tax — that is, a market-based approach to reducing carbon emissions — offers a pro-growth alternative that is more efficient than the existing regulatory regime.