Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
I work for a municipal utility that operates a small power plant in Missouri. Built in 1928, the plant houses nine diesel/natural gas generators, the oldest of which is a 1946 model (see video below). The plant served as the city’s primary source of power up till the 1980s when it became more economical to contract energy from larger plants. While they’re no longer the primary source of power for the city, they still serve a major role in fulfilling capacity and peaking needs for the city.
As part of my job, I handle the environmental compliance for the plant. Over the last decade, we’ve spent over $2 million to comply with Obama era EPA regulations. These engines run less than 75 hours each a year. Such a waste of money and time.
That brings me to Yesterday where I sat in on a regulatory primer that outlined the climate regulation goals of the
Harris Biden administration. If you care about the economy and the environment, you should be very worried about what may happen over the next four years. The main thrust of their agenda is laid out in the recently released Climate 21 Project. Richard Epstein has written about it here as well. The Climate 21 Project is a blizzard of 100-day plans, executive orders, policy changes, task forces, and virtue signaling spread over 11 federal offices, agencies, and departments including the Department of Justice and Treasury. Some of its recommendations are for new subsidies and loans, new building and appliance efficiency standards, and more stringent fuel efficiency requirements for new cars. And as Mr. Epstein pointed out, there’s no data to be found. Odd for the people who claim to be the arbiters of #Science!
The worst about all of it? Most of these can be carried out by simple decree. Congress has abdicated its power to the point that whoever wins 270 electoral votes can turn the entire regulatory system on its head. This is unsustainable. How can businesses and industry be expected to operate efficiently if every four years a new administration can come in and kneecap them with new standards and regulations? This overreach will only lead to more waste and abuse with little environmental benefit. Jonah Goldberg likes to point out that “complexity is a subsidy“. The more complex and restrictive the regulations become, the more the big players will position themselves to get a bigger piece of that subsidy, all at the expense of the less fortunate. This is why we see major corporations arguing for a higher minimum wage or environmental regulations. They can shoulder the load that their smaller competitors can’t.
The unintended consequences of this will be great, as they are with such expansive central planning.
Congress must stand up and take back its legislative power and reduce the executive branch’s authority on such matters. I doubt there are enough spines and competence on capitol hill to do that.
Our 1928 Power Plant: