MB Civic

Smith at Naked Capitalism ..

Renewable energy is clean, sustainable, non-polluting, reduces our dependence on fossil fuels, improves the health of communities surrounding power plants, and protects the natural environment. Who could be against it? Answer: The American Legislative Exchange Council (ALEC) .. ALEC wants to speed up the permitting process for mines, oil and gas wells, and power plants – and to eliminate all state requirements for the use of renewable energy [alleging] immense costs and job losses of renewable energy standards .. The ALEC energy analysis begins with wild overstatement of the costs of wind energy. They develop low, mid, and high cost scenarios, just as if they were doing a reasonable job of reflecting uncertainty. Yet there is more than a decade of data available on actual costs of wind power in the United States – and the ALEC low cost estimate is higher than the costs paid in essentially every real-world transaction to date

here’s an ad slogan for today: “capitalism, we just make shit up!”.. read more