“Ehrlich and other green activists also remained oblivious to the fact that the correlation between standards of living and pollution level is overwhelmingly in the direction of ‘richer is cleaner’.”
“Population catastrophists, however, constantly remind us of Hegel’s alleged observation that ‘If theory and facts disagree, so much the worse for the facts’.”
Pierre Desrochers, associate professor of geography at the University of Toronto-Mississauga, is a leading classical liberal scholar in the fields of economic development, technological innovation, business/environment interaction, energy policy, and food policy. An expert on the works and worldview of Julian Simon (1932–98), Desrochers has contributed a number of features at MasterResource that are listed at the end of this post.
Most recently, Professor Desrochers celebrated the 25th anniversary of THE BET, the most famous wager in the history of economics between optimist/realist Simon and neo-Malthusian doomsayer Paul Ehrlich, with two opinion-page editorials.…
“In 2014, more than 40 percent of its resources went to renewable energy projects. Environmental advocacy groups such as Greenpeace largely support OPIC’s recent emphasis on renewable energy, but still criticize OPIC’s continued support of energy-related projects that use fossil fuels.”
A small victory for taxpayers and cronyism foes occurred today with the expiration of the charter of the Overseas Private Investment Corporation (OPIC), a government lending agency. The agency is still open, but like its sister the Export-Import Bank (EXIM), whose charter expired this June 30, it cannot engage in new business.
OPIC and EXIM remain open to service existing loans, however, and reauthorization would bring them back to full life.
OPIC’s three key policy objectives are to: