“We believe energy should be in an upward spiral. Energy is the foundational engine of our civilization. The more energy we have, the more people we can have, and the better everyone’s lives can be. We should raise everyone to the energy consumption level we have, then increase our energy 1,000x, then raise everyone else’s energy 1,000x as well.” (- Techno-Optimist Manifesto, below)

Add a new name to the powerful critics of climate alarmism and forced energy transformation. Marc Andreessen is the author of The Techno-Optimist Manifesto, which draws upon the Julian Simon tradition of free minds and free markets to solve real challenges. This is a refreshing anecdote to the doom-and-gloom neo-Malthusians–and a threat to the climate industrial complex.

Sure enough, the critics are out with swords. Having posted The Techno-Optimist Manifesto on LinkedIn to the Climate Change Professionals Group, I was asked: “How is this diatribe from consume-more economics suitable for climate change professionals group??”…

“This seems a little crazy. During these negative price periods, suppliers are paying ERCOT to take their power…. You could … build a giant toaster in West Texas and be paid by generators to operate it.”

Some 15 years ago, Michael Giberson at Knowledge Problem commented on a strange phenomenon–negative pricing by wind power, where operators with very low marginal costs (the wind is free) were paying takers per KWh to gain big tax credits, mostly federal.

Giberson’s analysis (reposted below) identified the malinvestment and ‘big anti-conservation incentive’. But he did not focus on what cumulatively would result from this distortion: a wounded Texas grid from chronic low prices/margins knocking out thermal generation. The unreliables–via government privilege– knocking out the reliables (what Bill Peacock would call predatory pricing).…

Ed. Note: For posts at MasterResource on the comments of Julian Simon award recipients, see the appendix below.

This past February marked 25 years since my father’s death.  In 2001, CEI began awarding the Julian Simon Memorial Award. My family deeply appreciates not only that CEI established this award, but also that CEI now has continued this award for 23 years.

The first award went to my father’s long-time collaborator, Stephen Moore. Steve, by the way, now leads the Committee to Unleash Prosperity. I hope you all subscribe to the Committee’s excellent and free Hotline.

This year’s award recipients, Marian Tupy and Gale Pooley, began working together a few years ago on a very ambitious project that last year reached an apex with the publication of their book, Superabundance.…

The demise of the “Climate Bank” SVB makes a look back at ‘Woke Enron’ timely. This post is an excerpt from Robert Bradley, Jr. Capitalism at Work: Business, Government, and Energy (2009), pp. 309–310.

In the fall of 2001, Ken Lay set the tone for what would be Enron’s last Environmental, Health, and Safety Management Conference:

We believe that incorporating environmental and social considerations into the way we manage risk, govern our projects, and develop products and services will help us maintain our competitive advantage. As we move forward, we will leverage our intellectual capital and innovative capabilities to promote sustainable business practices around the world.

At this meeting, Enron’s Corporate Social Responsibility (CSR) task force listed its “Accomplishments to Date,” which were:

• Secured board oversight of social/environmental performance
• Expressed support for Universal Declaration of Human Rights
• Completed corporate responsibility task force
• Developed and pilot-tested human rights audit
• Developed security and human rights guidelines
• Established formal partnerships with WBCSD [World Business Council on Sustainable Development], IBLF [International Business Leaders Forum], and CI [Conservation International]
• Identified language to strengthen code of ethics
• Providing project support—Calypso, Transredes, Dabhol and Cuiabá
• Responding to stakeholder concerns on an ongoing basis

The goals for 2002 included:

• Formally adopt CERES Principles
• Complete indigenous peoples’ policy
• Specify social/environmental expectations in formal relationships with vendors and contractors
• Review results of stakeholder survey and develop strategy to address outcome
• Create awareness of social/environmental trends among [Enron’s] origination and investment groups
• Add corporate responsibility performance attribute to PRC [Performance Review Committee] process
• Present task force recommendations to Dr.