Saturday, July 21, 2012

MPs have no idea what the Climate Change Act means - Telegraph
One of the most bizarre features of the Climate Change Act – put through by Ed Miliband when he was our first climate change secretary and passed almost unanimously by MPs – is that it was largely drafted by a young green lobbyist, Bryony Worthington, seconded to the Civil Service from Friends of the Earth, where she had been in charge of their global warming campaign. On YouTube you can see a talk she gave last year to another campaigning body, funded by the Department for International Development, in which she tells the extraordinary story of how the Act that commits the UK to these pie-in-the-sky targets came about.
The point about the Climate Change Act – which, according to the Government’s own figures, will cost us up to £18 billion every year until 2050 – is that it sets a target which cannot be achieved without our country committing economic suicide. One cannot expect a young climate zealot to understand that. But what is terrifying is not just that such a person should have in effect been put in charge of our country’s energy policy, but that there appears to be scarcely a single MP who can see why this is utterly insane. If these zombies were replaced by 650 men and women chosen at random off the street, the silliest and most destructive law ever passed by Parliament would be repealed within days.
Eaton to Buy Cooper for $11.8 Billion as Power Unit Grows - Bloomberg
Eaton Corp. (ETN) and General Electric Co. (GE) are working on competing projects to develop a $500 home natural-gas fueling station, enticing car owners to switch to a fuel that has become cheap because of shale drilling.

Their efforts are part of a U.S. Energy Department push to reduce the cost of such stations, which can sell for more than $5,000, and the time it takes to refuel as a way to attract more people to drive natural-gas-powered vehicles.
An affordable natural-gas station for homes could “revolutionize” how Americans commute, Dane Boysen, director of an Energy Department program to encourage use of the fuel in vehicles, said in a statement today from Cleveland-based Eaton.

“My hope is that these advanced technologies will enable us to use our abundant domestic supply of natural gas for transportation, diversifying our nation’s fuel and refueling portfolio for the future,” he said in the statement.

Compressed natural gas sells at retail for the equivalent of about $2.09 a gallon, according to Chesapeake Energy Corp. The U.S. average retail price for regular gasoline was $3.45 a gallon as of yesterday, according to AAA.

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