From last week's journal, a great article by this blog's favorite purveyor of global warmism common sense, Bjorn Lomborg. As the article title indicates--The Climate-Industrial Complex--Lomborg warns against the many special interests that stand to gain from adoption of the radical green plans President Obama has proposed.
The cozy corporate-climate relationship was pioneered by Enron, which bought up renewable energy companies and credit-trading outfits while boasting of its relationship with green interest groups. When the Kyoto Protocol was signed, an internal memo was sent within Enron that stated, "If implemented, [the Kyoto Protocol] will do more to promote Enron's business than almost any other regulatory business."[Aside: As James Taranto frequently reminds his readers, Paul Krugman is a "former Enron adviser." That shouldn't surprise anyone.]
I'm always surprised by liberal friends of mine who are sure that the only nefarious business interests at work in the world today are "Big Oil" companies which obviously hate the planet and just want money. They, in turn, are always surprised to learn that Al Gore, in addition to being a Nobel and Academy Award winner, is also, as Lomborg describes him,
a politician, a campaigner and the chair of a green private-equity firm invested in products that a climate-scared world would buy.
Yeah, folks, green technology is a money maker--just not for most Americans.
This is what happens when the government intervenes in the market and picks the winners--you pay more taxes and Al Gore laughs all the way to the bank.