The American Clean Energy and Security Act, better known as the Waxman-Markey Climate Bill, has been shown to be completely ineffective at slowing the rise in global temperature that is projected by climate models to accompany mankind’s continued reliance on fossil fuels for energy production. And this, despite the bill’s mandated cut-back of U.S. greenhouse gases emissions by a whopping 83% below 2005’s levels by the year 2050. As the primary purpose of the bill is to mitigate “global warming” and any follow-on impacts, Waxman-Markey, on its own, would seem an abject failure.

If you need any more proof, consider the bill’s effect on projected sea level rise. Recall that the specter of rapid sea level rise is one of the pillars of alarmist claims for impending climate catastrophe and calls for immediate action.…

“This agreement will be good for Enron stock!!”

– John Palmisano, “Implications of the Climate Change Agreement in Kyoto & What Transpired” (1997)

The 219–212 passage of HR 2454 inspires another look at Enron’s infamous “Kyoto memo,” written almost 13 years ago by company lobbyist John Palmisano. Indeed, an Enron memo upon House passage of the Waxman-Markey climate bill would have been similar! Change the dates and some other specifics and the bottom line would be the same–potential gains for Enron’s profit centers in wind, solar, CO2-emissions trading, energy outsourcing, and natural gas.

One can imagine a quotation like this from Enron’s fabled public relations department, hyperbolizing a half-victory into something bigger in the attempt to create a bandwagon effect:

“This historic vote was heard ’round the world,” stated Kenneth L. 

This has been the busiest period in the short life of MasterResource (we are less than five months old). Our viewership this week has exceeded ten thousand, and cross posts on mega-blogs across the political spectrum have introduced us to new audiences. MasterResource, an energy scholars’ blog (but one that is accessible to the general reader), is on the map!

Two issues have driven our recent traffic. One is the temperature analysis of the Waxman-Markey climate bill by environmental scientist Chip Knappenberger. His straightforward analysis (but don’t ask me to use the MAGICC model!) reflects Chip’s usual careful scholarship. I expect that it will not need to be substantially revised (no complaints so far at RealClimate). But if errors are found, Chip will be the first to thank the reviewer and make the changes.…