By Matthew Roy The President’s Climate Action Plan was released yesterday and, not surprisingly, President Obama is aiming to get government more and more involved in America’s economy in his response to climate change. His proposed way forward is more billion-dollar spending projects, invasive regulations, and green energy favoritism. But behind all that desire to [...]
Energy & Environment Issues
James Valvo In August 2012, the Department of Transportation and Environmental Protection Agency (EPA) finalized another increase in the government-mandated corporate average fuel economy standards (CAFE). The Obama administration claimed that the new 54.5 mpg mandate for cars and light trucks will “save consumers more than $1.7 trillion at the gas pump and reduce U.S. oil consumption [...]
In a recent opinion piece in the Wall Street Journal, George Shultz and Gary Becker attempt to argue, again, why a revenue-neutral carbon tax is good policy. Their piece makes several easily refutable claims; let’s take each in turn.