October 22, 2009

Bad for business


You may have heard this rant from me before but here goes again. Around here, the coal industry and its supporters, including most of WV's elected officials, follow flawless logic when it comes to climate change. It goes like this:

1. Anything which goes against the perceived interest of the coal industry cannot possibly be true.

2. Acknowledging the truth of climate change and the permissibility of trying to do something about it goes against the perceived interests of the coal industry

ERGO...

Climate change cannot possibly be true and nothing should be done about it.

Q.E.D.

Not everybody associated with the coal industry is buying it. Michael Morris, President of American Electric Power supports climate change legislation.

As a matter of fact, the US Chamber (Pot) of Commerce is taking some hits from major corporations for its opposition to climate change legislation. A number of companies have either withdrawn from the Chamber or expressed their differences. This interesting item from the New Yorker compares the Chamber's response to that of Massey Energy. According to James Surowiecki, while many companies in the past may have parroted the party line, things are different now. The new attitude

...may reflect a calculation that global warming is simply too big an issue to get wrong, both economically—few companies are really going to benefit from the melting of the polar ice caps—and from a public-relations point of view. It’s also probably no coincidence that these resignations have come at a time when the Chamber’s anti-regulatory zeal looks not just outmoded but self-defeating. Had the Chamber supported tougher regulation of financial and housing markets, after all, the myriad small businesses it represents would undoubtedly be better off today. And it’s far from clear that across-the-board hostility to regulation is really in the best interests of the free-enterprise system. We assume that lobbies always recognize what’s best for their members. But they don’t, and, in the case of climate change, they may very well be missing what the companies that have resigned in protest have seen: global warming isn’t just bad for the planet; it’s bad for business.


WHACKADOODLE DANDY. Here's another item on our old pal political paranoia.

WATER, WATER EVERYWHERE and some of it is a mess.

ELECTIONS HAVE (HORMONAL) CONSEQUENCES. Testosterone and voting...who'd have thunk it?

ANOTHER TWIST. Here's the latest in the Megan Williams story.

GOAT ROPE ADVISORY LEVEL: ELEVATED

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