“Instead of the fear-baiting warnings that the U.S. is being outspent on renewables [by China], a better question might be: what are we getting for our money?”

– Loren Steffy, “Scrubbing the Data on Clean Energy Investment,” Houston Chronicle, March 27, 2010.

Loren Steffy is the most read and respected voice at the Houston Chronicle on business and related policy issues, the paper’s editorial board notwithstanding. And on energy, he smells a rat with the ‘clean energy’ mantra that comes on high.

Steffy has documented the role of Enron in the government-created Texas wind power boom. He deconstructed the all pain-no gain nature of the House-passed Waxman-Markey cap-and-trade bill before the rest of the country caught on. And most recently, he has called out the non sequitur of a new study, “Who’s Winning the Clean Energy Race,” recently released by the Pew Charitable Trusts via the Pew Environmental Group.…

[The other posts in this series on the activism of Texas A&M climatologists are here: Part II, Part III, Part IV, and Part V]

On March 7th, the Houston Chronicle published an editorial by two Texas A&M climate scientists, Andrew Dessler and Gerald North (et al.):  “On Global Warming, the Science is Solid.” The op-ed argued that Climategate was a mere distraction and that climate science was settled in favor of alarm–both points being intended to challenge the State of Texas’s Petition for Rehearing to the U.S. Environmental Protection Agency’s endangerment finding, which was based on a belief of “settled science.”

A week later, a response/defense followed in the Chronicle, written by Texas Attorney General Greg Abbott: “State Suing for Responsible Scientific Conclusions.”…

In recent years, I have been working on a book trilogy inspired by the rise and fall of Enron, easily a top-ten event in the history of commercial capitalism. I worked at Enron for 16 years and knew Ken Lay (a nice, albeit subtly flawed, man) well. No, I did not know the extent of the company’s problems (very few did), but I should have known more. Still, I was very critical of the company’s political business model and in particular, Enron’s climate alarmism and investments in (uneconomic, unreliable, unprofitable) wind power and solar power.

Book 1 in the trilogy, Capitalism at Work: Business, Government, and Energy (2009), spends several chapters on best business practices and sustainable corporate culture under capitalism proper–and the perils for the same from political capitalism.…

With little fanfare, an earthquake has rippled through the United States Climate Action Partnership (USCAP). Three significant members, two of them being integrated oil majors, are no longer planning the cap-and-trade (aka, cap-and-tax) game. And if energy affordability and reliability is a metric, expect more companies to bolt. Social corporate responsibility, anyone? After all, there is no climate gain from a unilateral U.S. cap by the alarmists’ own math.

Here is the background. According to its website, USCAP is “a group of businesses and leading environmental organizations that have come together to call on the federal government to quickly enact strong national legislation to require significant reductions of greenhouse gas emissions.” Others of a less charitable bent would characterize them as central headquarters of the U.S. Climate-Industrial Complex, a group of corporate rent-seekers (the bootleggers), made whole by the environmental scaremongers (the Baptists) hell-bent on slapping the United States into a carbon rationing scheme.…