Chamber of Commerce lectures on ‘energy reality’

By Tom Laskawy on January 29, 2011

by Brad Johnson.

Cross-posted from the Wonk Room .

The U.S. Chamber of Commerce dug further into denial of the reality of global warming pollution today, attacking the Obama administration’s clean energy goals as “wholly unrealistic.”

In his State of the Union address, President Barack Obama called for the end to billions of dollars in taxpayer subsidies for the oil and gas industry , and a national commitment to double low-carbon electricity by 2035. “Raising taxes on the industry that fuels our lives shows a profound detachment from our energy and economic reality,” former Bush official Karen Harbert, president and chief executive officer of the chamber’s Institute for 21st Century Energy, lashed out. Harbert further attacked the president’s proposal for being too “ ambitious ”:

The president’s proposed ‘clean energy’ mandate would entail a more ambitious restructuring of the country’s power sector than even those in the his party have proposed. This mandate could require us to increase our non-hydro renewable generation by more than 700% and more than double our nuclear power, while virtually eliminating from the country’s most available, proven, and economic domestic energy resource-coal. [Emphasis mine.]

Harbert somehow thinks that making America into the world’s clean-energy leader is a bad idea.

In actual “energy and economic reality,” the oil and coal industries are killing Americans, weakening our economy, and destabilizing our planet. Pollution from burning coal and oil kills at least 20,000 Americans a year. Oil company profits are soaring—ConocoPhillips up 46 percent to $1.9 billion , Chevron up 72 percent to $5.3 billion —on rising prices that are sucking the lifeblood out of the economic recovery. Even Dr. John Felmy, American Petroleum Institute’s top economist, admits that raising taxes on oil companies could create 2 million American jobs .

Furthermore, the fossil-dominated chamber continues to....

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By Tom Laskawy| January 29, 2011
Categories:  Live

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