Tuesday, June 6, 2017


Trumps' decision to drop out of the Paris accords means the leadership for saving the world will be picked up by others and our world leadership will diminish. But don't worry about China's leaping to the fore. "China's government said it would raise coal power capacity by as much as 20% by 2020, ensuring a continuing strong role for the commodity in the country's energy sector despite a pledge to bring down pollution levels. In a new five-year plan for electricity ... the National Energy Administration said it would raise coal-fired power capacity from around 900 gigawatts last year to as high as 1,100 gigawatts by 2020." (wsj)
So faced with the decision between continuing its phenomenal economic growth by using cheap carbon fuel and altruistically reining in their economy by abandoning that fuel, China did....? 

And, on the individual front, Elon Musk took the energy high road.  Musk, CEO of Tesla and SolarCity, has resigned from a Trump economic advisory council out of protest. But Musk, according to the Los Angeles Times, has received almost $5 billion--BILLION--in government subsidies. SolarCity and Tesla are likely out of business without all the taxpayer-funded green handouts

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