Titans of EU Industry: Green Follies Are Killing Us

Can California learn from Europe’s Green Follies? I have my doubts, our political leaders have put the environment ahead of the economy  and there is too much environmental slush money on the table! 

The American Interest has the details:

Europe’s dogged pursuit of a solar- and wind-powered future has jacked up energy prices for households and industry alike. For families, it has meant higher monthly power bills—a tax felt most keenly by the poor. For businesses, it has even farther-reaching implications. As the EUobserver reports, more than a hundred leaders of European industry are warning that these rising costs are threatening the EU’s economic recovery. . . .

This isn’t just a matter of lower-than-expected GDP growth for EU member states. Europe has staked out a position as a global leader in green initiatives, so for many of these CEOs the recent rise in electricity prices is only the beginning. Overall, the costs of doing business in Europe are edging toward the unworkable. For multinationals, healthier energy and regulatory environments are beckoning. In particular, the shale boom has made the United States an especially attractive home for energy-intensive industry.

Europe is beginning to feel the pains of its policy of placing the environment before the economy. This is a shame, because the two aren’t necessarily mutually exclusive. America is an excellent example of a healthier balance: by embracing shale gas, it has been able to wean itself somewhat off of coal, both reducing emissions and bringing prices down. Europe has plenty of shale itself, if it would only embrace it.

While the United State may benefit from the EU’s rising costs, California will not be on the roster with our growing energy cost. The paralleles between Europe and California are strong. We have huge shale reserves, but environmentalist are preventing the effective implementation this resource, just like in Europe. Our energy costs are raising rapidly, just like in Europe. Companies are threatening to leave the state and some have stopped talking and are just taking action.

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About Russ Steele

Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.
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2 Responses to Titans of EU Industry: Green Follies Are Killing Us

  1. Russ Steele says:

    RL

    Up to 80% of the water used is recoverable and reused. Here is a presentation on the current recovery and reuse technology. http://www.kerfoottech.com/userfiles/Frac%20Water%20Pres.pdf

    As for the earth quakes, there is no strong scientific evidence that fracking causes earthquakes. We have a strong data base of existing quakes to form a baseline for the measurement of future increases in quakes. We can find out if in-fact fracking cause minor earth quakes.

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  2. RL Crabb says:

    Some differences between California and other fracking locales: First, where will the water needed for fracking come from, and where will the waste water go? Second, It looks like there may be a correlation between fracking and earthquakes. Would it be wise to frack on such already unstable ground? If there was a big quake, who do you think would get the blame, whether the evidence backed it up or not?

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