Saturday, May 25, 2024 May 25, 2024
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THE GLOBAL WARMING DEBATE IS OVER, ENERGY COMPANIES SAY

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Though the news will sadden Trey, it’s true. Leaders of industry now acknowledge the effect fossil-fuel emissions have on the Earth’s rising temperature. The move now among major corporations, the WSJ tells us, is to shape the policy on the coming emissions cap in your corporation’s favor. Exxon, as we told you earlier this month, is among the companies vying for a cap favorable to its business. But I’m sure TXU has a dog in the fight. Says the Journal:

In the center of the regulatory cross hairs are utilities. They’re the world’s biggest emitters of carbon dioxide, the global-warming gas that’s produced whenever fossil fuels are burned. Written one way, a cap would help utilities in the Southeast or the Midwest, which burn lots of coal, a particularly carbon-intensive fuel. Written another way, a rule would help utilities on the West Coast, the Northeast and the Gulf Coast. They use mainly natural gas, which produces lower CO2 emissions than coal, and nuclear energy, which produces essentially no CO2.

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