The Environment and Energy News
There’s quite a bit of news centering on energy and the environment today.
Scientists from 113 countries have released a report on human-caused global warming today. The American Enterprise institute has offered scientists and economists each a $10,000 award for critiques of the report.
Surprisingly, Exxon-Mobil has posted a $39.5 billion annual profit for 2006—the largest in the company’s history. Rent-seekers-in-chief Archer Daniels Midland’s 2nd quarter earnings grew 20%, buoyed by ethanol revenues. Can anyone think of a good reason that we should be subsidizing corn-based ethanol production, especially when such production may actually consume more oil than it replaces?
Michael Dell, who recently re-assumed the CEO job at the company he founded, has proposed allowing any customer purchasing a Dell notebook or desktop computer to donate a part of the proceeds towards planting a tree. Whether this is actually a good idea or not from a global-warming standpoint may depend on where the tree is planted. In the tropics—good idea; in the northern part of what we in Chicago laughingly call “the temperate zone”—not so much.
I’ve put a few thoughts on what we should do here in the United States up at The Glittering Eye.
I think it would be prudent if the United States were to become a little “greener”. How we should get there is a matter for substantial dispute. Ideas?