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May 18, 2018

The Fuel Economy Standards in Beltway Conventional Wisdom

I betray no secret when I report that reverence for the silliness embodied in conventional wisdom is a central characteristic of policy debates in the Beltway. No amount of evidence, no amount of logic, and no amount of proof showing that the earth indeed is round are sufficient to diminish the credibility of arguments that…

May 8, 2018

No-cost Climate Litigation and the Law of Unintended Consequences

Editor’s Note: This post represents AEI Resident Scholar Benjamin Zycher’s original content and does not include edits found on the publishing site, The Hill. To access that version of the text, click here. Several municipalities are suing the major oil companies for causing climate change and for the large asserted costs of preventing and mitigating its…

April 20, 2018

BP and the Earth Day Prayers of the Rent-seeking Corporation

Earth Day is upon us yet again, and it is difficult not to notice its transformation into a vehicle for corporate virtue signaling: Full-page ads in national and local print media, yielding a revenue stream for which the newspapers and magazines are sincerely grateful. Advertisements on broadcast media and heavily trafficked websites. Booths at ubiquitous…

April 4, 2018

Analytics of Wealth Redistribution Through Fuel-economy Regulation

The Environmental Protection Agency announced on Monday that it and the National Highway Traffic Safety Administration would reinstitute the mid-term evaluation of the greenhouse gas (GHG) emission standards — the fuel-economy rules — for model-year 2022-2025 light-duty vehicles. @3happytails via Twenty20 That mid-term review was truncated by the Obama administration a few days before leaving office. Amid the tiresome manifestations of…

March 6, 2018

Climate Lawsuits: What They Say, and What They Fail to Say

For years Congress has refused to impose limits on greenhouse gas emissions, and now the Trump administration is rolling back the Obama regulations. What are politically-ambitious blue-state politicians to do? The obvious answer: File a lawsuit, claiming that Big Oil has known for decades that increasing GHG concentrations would cause a climate crisis for which it is responsible,…

March 1, 2018

Carbon Taxes and My Friends Aparna Mathur, Adele Morris, and Zilly

Let us now recall the blessed memory of Godzilla, King of the Monsters. I know him as Zilly, as we have grown close over the years and the 30-plus movies that bear his name. Anyway, at the end of that original timeless classic of the silver screen, an “oxygen destroyer” reduced Zilly to a skeleton at the bottom of Tokyo…

February 1, 2018

A Washington State Carbon Tax: All Pain, No Gain

With respect to Washington governor Jay Inslee’s renewed proposal for a “carbon” tax on that state’s greenhouse-gas (GHG) emissions, a number to keep closely in mind is: 2/1000 of a degree. That would be the global temperature effect in the year 2100 if Washington were to reduce its GHG emissions to zero immediately. That figure comes from the…

January 12, 2018

The Children’s Climate Lawsuit Against the Children

Litigation may be as American as apple pie, but some lawsuits are so destructive that they stand out even among the hugely expensive wreckage wrought by our legal system. The most prominent current example is the “children’s” climate lawsuit (Juliana v U.S.): A group of kids, including “future generations, through their guardian Dr. James Hansen,”…

November 21, 2017

Finalizing Debt Deal Is First Test for Puerto Rico’s New Governor

Remember the Puerto Rico debt crisis? It was only last February that a deal had been worked out between the island government and the holders of debt issued by the Puerto Rico Electric Power Authority (PREPA), signed into law by Gov. Alejandro García Padilla. At $9 billion, this debt is one of the largest components of the $69…

October 18, 2017

The Volkswagen Emissions Scandal and the Bureaucratic Pursuit of Power

Never let a crisis go to waste, say the politicos, a stance adapted for its purposes by the permanent regulatory bureaucracy: Never let a corporate scandal go to waste. That is what comes to mind as we behold the investigations and regulatory stances following in the wake of the Volkswagen emissions scandal that emerged in 2015, a…