Elizabeth Warren Criticized for Climate Change Bill
Sen. Elizabeth Warren (D-Mass.) is leading a push to compel companies to disclose more information about how their businesses impact and could be impacted by climate change.
On Friday, Warren introduced the Climate Risk Disclosure Act of 2018, which would mandate that publicly traded companies provide extensive climate-related information, such as greenhouse gas emissions, fossil fuel investments, and risk management strategies for things like rising sea levels and increased temperatures.
“Climate change is a real and present danger ― and it will have an enormous effect on the value of company assets,” Warren said in a statement.
"Climate change can be an economic opportunity if we act boldly and decisively. But if we don't, we will see a global catastrophe that will put the 2008 crisis to shame."
Not everyone, however, is a fan of Warren's legislation...
"This is virtue signaling of the highest order for her Democratic base, Marc Morano, the editor of ClimateDepot.com, said on "Fox & Friends" Wednesday.
He argued that Warren's bill would give the U.S. government and the Securities and Exchange Commission extensive power to go after companies and "shake them down."
"They're going to use these disclosures now -- and they're going to [be] the size of the phone book in the end -- and they're going to go after them and sue them for money for causing bad weather," Morano said.
Read the full article and watch the video at the following weblink:
http://insider.foxnews.com/2018/09/19/sen-elizabeth-warren-bill-wou...
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Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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