Tuesday, May 29, 2012

Sierra Club Joins Progressive War against Progress

WSJ reports:

    [N]ot too long ago the Sierra Club and other greens portrayed natural gas as the good fossil fuel. The Sierra Club liked natural gas so much (and vice versa) that from 2007-2010 the group received $26 million in donations from Chesapeake Energy and others in the gas industry, according to an analysis by the Washington Post. Some of that money was for the Beyond Coal campaign.

    ...

    Researchers at Harvard's School of Engineering and Applied Sciences found that electric power plants reduced their greenhouse gases by 8.76% in 2009 alone [a remarkable reduction in a single year; imagine, for example, if President Obama had cut federal spending by a similar amount in one year]. Most of the carbon reduction was driven not by mandates or regulation but by the economics of lower gas prices. The lead researcher, professor Michael McElroy, says: "Generating one kilowatt-hour of electricity from coal releases twice as much CO2 to the atmosphere as generating the same amount from natural gas, so a slight shift in the relative price of coal and natural gas can result in a sharp drop in carbon emissions."

    ...

    So why is the Sierra Club suddenly portraying natural gas as a villain? The answer surely is the industry's drilling success. The greens were happy to support natural gas as a "bridge fuel to the 21st century" when it cost $8 or more per million BTUs and seemed to be in limited domestic supply.

    But now that the hydraulic fracturing and shale revolution has sent gas prices down to $2.50, the lobby fears natural gas will come to dominate U.S. energy production. At that price, the Sierra Club's Valhalla of wind, solar and biofuel power may never be competitive. So the green left has decided it must do everything it can to reduce the supply of gas and keep its price as high as possible. [emph. added]

    ...

    The Sierra Club campaign underscores that the modern green agenda is about far more than clean air and water and protecting wildlife. The real goal is to ban all fossil fuels—regardless of economic cost. It's hard to imagine a campaign that poses a greater threat to the U.S. economy, energy security and American health. [emph. added]

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