Politics above science; politics above economics—together these two philosophies have created “true sustainability.”
We first saw the impact in the science world. Global warming was touted as a catastrophic threat to life on earth. Modern life was deemed to be the cause. More specifically, the blame fell to the burning of hydrocarbons—which are the source of the abundant, affordable, and available energy that has given the developed world its many advantages and luxuries. Carbon footprint guilt was heaped upon big energy-consuming countries. After all, we were ruining the planet.
Change was needed to slow the rise of the oceans.
This opened the door for a whole host of policies aimed at reducing the use of fossil fuels. A Renewable Portfolio Standard—which mandates a set percentage of electricity be from renewable sources (mainly wind and solar)—is law in more than half the states. Cap and trade was proposed and passed by the House. Because it didn’t make it through the Senate, the EPA has been successfully bringing about the end goal through regulation. On a global scale, oil and coal have been demonized and natural gas is next. Untold billions have been poured into wind and solar subsidies.
The supposed “science” behind global warming—which morphed into climate change, paved the way for politics above economics.
The Obama Administration’s stimulus allocated $80-90 billion for green energy—even though the economics didn’t add up. Companies like Solyndra and A123 Systems (the first and the most recent domino to fall) received loans, grants, and, tax incentives to produce “green energy,” despite the junk-bond ratings that prevented private equity from jumping in until taxpayer dollars were committed. The majority of the recipients of the funds had favored status—they had connections to high-ranking Democrats such as President Obama, Vice President Biden, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi, or Senator Diane Feinstein (just to name a few)—politics above economics.
Interestingly, a series of emails exposed global warming, er, climate change, and the funding of green energy to be the scams that they are. Together they are “sustainable.”
On global warming, the “climategate” emails revealed that data had been manipulated and suppressed to produce the desired results.
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