Corporate decisions affect a limited number of workers. Government policies, by contrast, affect millions. The drive to eliminate fossil fuels, switch to a CO2-free economy and prevent computer-generated climate disasters could cost countless jobs and impact families all across America.
European industries are already reevaluating investment decisions and canceling projects, largely because of an increasingly strict and unpredictable regulatory climate in the EU, according to World Energy Council vice chairman Johannes Teyssen. New power plants are being put on hold, threatening to hike electricity prices even further and exacerbate a growing energy shortfall – and companies are pondering relocation to China and India, as it becomes harder to get building and expansion permits.
Similar anxieties are increasing in the United States, as Congress considers tough climate change bills promoted by Senators McCain, Lieberman, Warner and others. None of them acknowledge the scientific uncertainty about climate models and predictions of catastrophic warming. None mention recent solar magnetic readings that some researchers fear could reflect a downturn in the sun’s energy output, which could trigger a planetary cold spell, severe weather, massive snowfalls and widespread crop failures.
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