John Kay, Jan '07: Green lobby must be treated as a religion

Environmentalism offers an alternative account of the natural world to the religious and an alternative anti-capitalist account of the political world to the Marxist. The rise of environmentalism parallels in time and place the decline of religion and of socialism.

America's Excessive Debt Disease | Editorial

Americans especially disapprove of Obama's costly proposal to generate at least $646 billion in "climate revenues" through 2019---from a "cap and trade" tax for every ton of carbon emitted. These expenses would be dispersed throughout the economy, falling on every consumer large and small. Within ten years they would make "climate revenues" the 6th largest federal revenue stream after individual and corporate income taxes, Social Security and Medicare payroll, and excise taxes. Of that, Obama proposes redistributing $15 billion annually to subsidize alternative fuel and $65 billion to subsidize workers who frequently pay no income taxes.

Worst of all, this proposed "climate tax" wealth redistribution mechanism results from a bogus global warming theory completely debunked scientifically. Human activity generates only 4% of atmospheric carbon, which totals only 2% of the vast global oceanic carbon sink, according to Resource and Environmental Geology Professor Tom Segalstad at University of Oslo. Moreover, atmospheric carbon emissions linger only five to six years---before the calcium-rich oceans absorb them, he says.