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McCain might not be as opposed to a windfall profits tax as his fellow Republicans

Via the Democratic National Committee’s blog, this video makes it seem like John McCain might not be as opposed to a windfall profits tax on oil companies as are his colleagues in the Senate and at the RNC:

EPA plans to loosen air-quality rules near national parks

Photo: Wolfgang Staudt Call us crazy, but rewriting the Clean Air Act to ease the way for new coal plants near national parks seems to fly in the face of that whole “clean air” thing. But sure enough, the U.S. EPA plans to make a change allowing the government to calculate the average annual emissions […]

‘Energy and Tax Extenders Act’ clears committee, heads to House floor

The House advanced legislation yesterday that would renew billions of dollars in tax breaks for wind, solar, biomass, and other renewable energy sources, and extend a proposed new tax credit for biofuels derived from sources other than corn. The “Energy and Tax Extenders Act of 2008” was approved by the Ways and Means Committee by […]

Five ways BC’s carbon tax shift can strengthen Cap and Trade

The Vancouver Sun gives some ink to a cluster of issues that I've been pondering of late: how BC's carbon tax shift fits with Cap and Trade. I'm famously infatuated with carbon tax shifting. I'm also a zealot for auctioned Cap and Trade.

The good news is that with careful policy design, Cap and Tax can be better than either Cap or Tax. The Tax toughens the Cap, the way steel rebar strengthens concrete. The bad news is that without careful design, the two could weaken each other.

The challenge for policy makers is gaming -- firms' aptitude for subverting market rules established with good intentions. Remember how Enron and its ilk manipulated the California electricity market in 2001? The interaction of a carbon tax in British Columbia with a regionwide carbon Cap-and-Trade system in the West could open channels for such profiteering. In the worst case, gaming could both undermine and discredit the policies, risking their political survival. Fortunately, such gaming is preventable, as I'll explain in a moment.

First, though, the upsides:

Congress finally passes veto-proof farm bill

Defying President Bush’s veto threat, the Senate joined the House Thursday in voting “yay” on the $289 billion omnibus legislation that covers everything from farm subsidies to food stamps. In both chambers, support for the bill tallied strong enough to override Bush’s threatened veto. The legislation has bitterly divided the sustainable-agriculture world. Supporters acknowledge the […]

Subsidies for wind power pale beside subsidies for nuclear

I long ago swore off the Wall Street Journal's editorial page -- the last straw for me was their cruel swipe at departed "dope fiend" Jerry Garcia back in 1995. But on Monday a friend forwarded me a WSJ editorial whaling away at renewable power's production tax credit:

Solar energy is subsidized to the tune of $24.34 per megawatt hour, wind $23.37 and ... nuclear power $1.59. Wind and solar have been on the subsidy take for years ...

Now, they insinuate, it's time to kick wind and solar out of the nest to fly (or not) on their own, just like Uncle Nuke did, decades ago.

What's up?, my pal asked, knowing that I not only have a thing for wind power but used to be a walking encyclopedia of nuclear power costs. After a quick trip down memory lane, pencil in hand, here's my brief on federal subsidies for windmills and nukes.

The score (in 2007 dollars):

• Reactor subsidies, 1950-1990: $154 billion, or $3.75 billion a year.
• Wind power subsidies, 1983-2007: $3.75 billion 25-year total.

Ed Norton goes to the Hill to talk up green building

Ed Norton will go green — literally — next month when he hits the big screen as The Incredible Hulk. But on Wednesday he was on the Hill talking up the virtues of going green figuratively, in our building practices. Ed Norton on the Hill. Norton appeared before the House Select Committee for Energy Independence […]

Human-caused warming is resulting in a broad range of impacts across the globe

Nature has published the first article to "formally link observed global changes in physical and biological systems to human-induced climate change, predominantly from increasing greenhouse gases." See news story here and the article, "Attributing physical and biological impacts to anthropogenic climate change" (subs. req'd, abstract below).

NASA's discussion of the piece here explains, "human-caused climate change has made an impact on a wide range of Earth's natural systems, including permafrost thawing, plants blooming earlier across Europe, and lakes declining in productivity in Africa." The image at right: "Impacts from warming are evident in satellite images showing that lakes in Siberia disappearing as the permafrost thaws and lake water drains deeper into the ground." The lead author explained:

Snippets from the news

• Friday is Bike to Work Day! • T. Boone Pickens buys 667 wind turbines. • Starbucks sets green goals. • China earthquake may cut carbon-offset supply. • Global biodiversity is plummeting.

U. of Washington to create big eco-college

The University of Washington is planning to create the largest environmental college evah. The proposed College of the Environment would become the 5th-largest of U-Dub’s 17 colleges, combining its current schools of forestry, fishery sciences, atmospheric sciences, earth and space sciences, marine affairs, and oceanography. “Certainly, higher education in general has a responsibility to tackle […]