Wed, 2014-09-17 02:16Brendan Montague
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“Starting With a Mistake, A Remorseless Logician Can End Up in Bedlham”

Hayek achieved his dream of becoming a university academic, but could he really challenge the intellectual prowess and political influence of the master John Maynard Keynes?

Friedrich von Hayek had abandoned his early socialism in favour of neoliberal free market ideas. But the fashionable theory sat somewhere between the two. John Maynard Keynes, who always denied being influenced by the German revolutionary Karl Marx, had apparently devised a historic compromise between the markets and socialist state planning.

Keynes argued that the government should use its economic powers to manage the markets. This included government lending and spending to promote growth, and encouraging housewives to spend their savings. The Cambridge professor attained his prestige and influence because his prescriptions had survived academic scrutiny and practical application during the wars.

Hayek had an almost impossible task. He had to devise an economic counter-argument to Keynes, and to expose any logical inconsistency in his analysis and works. The “war of ideas” would have global economic consequences. And the Marxists, Fabians and Keynesians who dominated both Cambridge and the London School of Economics (LSE) were not going to make it easy.

Tue, 2014-09-16 10:48Chris Rose
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Future of Our Climate Depends on Next Fifteen Years of Investment, New Report States

fossil fuel subsidies, clean energy, better growth better climate, kris krug

Investments in renewable energies and low-carbon infrastructure can help the environment and the economy at the same time, says a comprehensive new report released Tuesday.

The report — Better Growth Better Climate — found that about US $90 trillion will likely be invested in infrastructure in the world’s cities, agriculture and energy systems over the next 15 years, unleashing multiple benefits including jobs, health, business productivity and quality of life.

The decisions we make now will determine the future of our economy and our climate,” Nicholas Stern, Co-Chair of the Global Commission on the Economy and Climate, said in a media release.

If we choose low-carbon investment we can generate strong, high-quality growth – not just in the future, but now. But if we continue down the high-carbon route, climate change will bring severe risks to long-term prosperity,” he said.

Felipe Calderón, Chair of the Global Commission on the Economy and Climate, said the report refutes the idea that humankind must choose between fighting climate change or growing the world’s economy.

That is a false dilemma,” Calderón said. “Today’s report details compelling evidence on how technological change is driving new opportunities to improve growth, create jobs, boost company profits and spur economic development. The report sends a clear message to government and private sector leaders: we can improve the economy and tackle climate change at the same time.”

Tue, 2014-09-16 08:01Farron Cousins
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Republican Senators Push Manhattan Institute's Dirty Energy Propaganda Paper

Two Republican members of the Senate Energy and Natural Resources Committee will be releasing a white paper later this week that will allegedly make the case that “regulations” and legislation that “raises energy costs” is damaging America’s underclass. 

Senators Lisa Murkowski (AK) and Tim Scott (SC) have teamed up with the conservative Manhattan Institute for Policy Research to once again push the bogus theory that government regulations and environmental safeguards are costing American consumers too much money and destroying jobs. The paper will officially be released at a Manhattan Institute event on September 18.

According to The Hill, a representative from Murkowski’s office said that the Senators will be speaking about “the economic, political, and social consequences of allowing energy insecurity to rise in America.”

Both Murkowski and Scott have been notorious opponents of many of the Obama administration’s environmental protection initiatives and have also been on the receiving end of the dirty energy industry’s largesse. Murkowski’s two largest donor industries are electric utilities and the oil and gas industries, receiving a combined $1,490,257 over the course of her career in the Senate.  Scott, a freshman Senator, has received $411,701 from the two industries during his short time in office.

Mon, 2014-09-15 22:45Sharon Kelly
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Pennsylvania Plant Agrees to Stop Dumping Partially-Treated Fracking Wastewater in River After Lengthy Lawsuit

A Pennsylvania wastewater treatment plant alleged to have dumped toxic and radioactive materials into the Allegheny River has agreed to construct a new treatment facility, under a settlement announced Thursday with an environmental organization that had filed suit against the plant.

Back in 2011, Pennsylvania made national headlines because the state's treatment plants – including municipal sewage plants and industrial wastewater treatment plants like Waste Treatment Corporation – were accepting drilling and fracking wastewater laden with pollutants that they could not remove.

In July 2013, Clean Water Action alleged in a lawsuit that Waste Treatment Corp. of Warren, PA violated the federal Clean Water Act and the Endangered Species Act, along with Pennsylvania's Clean Streams Law by continuing to discharge partially treated wastewater, carrying corrosive salts, heavy metals and radioactive materials into the river, which serves as the drinking water supply for hundreds of thousands of people, including much of the city of Pittsburgh. 

Under the terms of the settlement, within 8 months, Waste Treatment Corporation must install advanced treatment technology that will remove 99% of the contaminants in gas drilling wastewater.

Until those treatment methods are in place, Waste Treatment Corporation agreed to stop accepting wastewater from Marcellus shale wells, notorious for its high levels of radioactivity, and to cut the amount of wastewater it can accept from conventional gas wells by over a third.

“The settlement represents the first time an existing industrial treatment plant discharging gas drilling wastewater in Pennsylvania agreed to install effective treatment technology to protect local rivers,” Clean Water Action wrote in a press release.

Sun, 2014-09-14 23:42Brendan Montague
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Denier Lord Lawson’s Fight Against Wind Farms Proves Quixotic

Lord Lawson and the Global Warming Policy Foundation have blasted foreign owned wind farms but there is one Polish company supported by a Tory lord which is doing very well out of renewables

If you tried to devise the most costly and inefficient means of generating electricity imaginable, you would choose wind power,” bellows Lord Lawson of the denial charity the Global Warming Policy Foundation (GWPF). 

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