November 22, 2012
US leads the world in ...carbon reductions?
You read that correctly. And it's not because of Obama's green energy initiatives. Nor is it the result of any UN mandated program of carbon trading. It is certainly not because the US has religiously followed the Kyoto Protocols. It's because greedy capitalists find it easier to make money selling natural gas: Over the past six years, the United States has reduced its carbon emissions more than any other nation in the world. Efforts to curb so-called man-made climate change had little or nothing to do with it. Government mandated "green" energy didn't cause the reductions. Neither did environmentalist pressure. And the U.S. did not go along with the Kyoto Protocol to radically cut CO2 emissions. Instead, the drop came about through market forces and technological advances, according to a report from the International Energy Agency. Breakthroughs in how natural gas is extracted from underground shale formations were the key factors that led to the reductions, the report...(Read Full Post)