“One of the keystones of the Climate Change alarmist movement was its audacious attempt to create a functioning market by monetizing the atmospheric gas known as CO2…. Certainly, gaming the system has always been at the top on the agenda of the new green eco-trader.”

– Patrick Henningsen, “The Great Collapse of the Chicago Climate Exchange,” 21st Century Wire, August 28, 2010.

We were tipped off by the August 28th headline, “The Great Collapse of the Chicago Climate Exchange,” by Patrick Henningsen, editor of 21^st Century Wire. And now it is official as reported by Chicago Business, Fox News , and Crain’s Chicago Business (sub. required): the Chicago Climate Exchange (CCX) is dead. Trading in carbon-dioxide (CO2) emission contracts at CCX has basically ceased with member emissions-reduction agreements expiring at the end of the year.…

At a time when energy realists need to take the high ground, corporations are bringing us low. Some of this is old fashioned rent-seeking; some greenwashing; and some just political correctness (as if California was the world).

For weeks, Siemens has been running full-page ads for wind technology. Last week Chevron and Weyerhauser, in full-page ads, agree “IT’S TIME OIL COMPANIES GET BEHIND THE DEVELOPMENT OF RENEWABLE ENERGY.”

The same slush is coming from GE, AES, BP, Shell, NRG, and a legion of corporations whose fundamental commodity is fossil fuel.

Do these multinationals really believe that wind and solar will put a dent in their fossil fuel market share? Or is something else afoot? One should note that nowhere does this renewable ballyhoo from today’s energy goliaths mention a word about saving the world from the devastation of climate change wrought by the consequences of fossil fuel use, although this was the tack Ken Lay took to steer Enron’s aggressive renewables course.…

“It’s time to stop debating the issues surrounding climate change initiatives and focus instead on simple, realistic, cost-effective solutions. This is one area where an ounce of near-term prevention will be worth considerably more than a pound of cure later on.”

– Ken Lay, “Let’s Have an Ounce of Global-Warming Prevention,” December 1997.

“An ounce of global warming prevention is worth a ton of CO2 cure.  There are no emergency rooms for a sick planet.”

– Edward J. Markey (D–MA), “Second Life Remarks to the Virtual Bali UN Climate Conference,” December 2008.

The New York Times and other media outlets have identified the principled free-market advocates Charles and David Koch as supporters of California’s Prop. 23, a measure to suspend the Global Warming Solutions Act of 2006 (AB 32).…

When will Democrats and true environmentalists wake up to windpower, or what Robert Bryce calls the ethanol of electricity? Industrial wind is a scam when seen in all of its dimensions–economic, environmental, and esthetic. Bryce has identified five myths of green energy–and post after post at MasterResource by Kent Hawkins, Jon Boone, and John Droz Jr. have shown that meaningful CO2 reductions from windpower are highly debatable.

Industrial wind is chock full of environmental negatives and isn’t nearly as effective at reducing air emissions than advertised. Big Wind is  corporate welfare with companies like GE and FPL skipping their federal taxes. Wind today is the legacy of Enron, the Ken Lay model of political capitalism. Wind is an assault on lower-income energy users, not only taxpayers.…