Exelon CEO Seeks Profits From Climate Regulations

John Rowe photoNLPC has piled pixels in reporting the crony capitalism and gaming of government regulations by Duke Energy CEO James Rogers, who has favored a political engagement approach to the conduct of business rather than the delivery of services to consumers at affordable prices. That’s how the electricity business works: when you have monopoly control and are guaranteed a profit by your regulators, then you don’t have to worry about besting your competition to earn your customers.

No less passionate an advocate for regulatory favoritism – especially in support of greenhouse gas regulations such as cap-and-tax and carbon (dioxide) taxes – is Exelon Corporation CEO John Rowe. While not as big a supporter of Democrats as Rogers, Rowe – like your typical corporate honcho – has thrown money to both Democrats and Republicans, most which have supported his GHG-restrictive policy beliefs.

Over the weekend National Journal published an … Read More ➡

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Coke’s Polar Bear Campaign Funds WWF Disinformation

white Coke can

Last month NLPC reported that during the holidays Coca-Cola will change its traditional red cans to white as part of an advertising campaign to raise $2 million for the World Wildlife Fund’s “polar bear conservation efforts.” This despite the fact that global polar bear populations are healthy (much larger than 50 years ago), their Arctic habitat is recovering, and the locations where a few of their numbers have declined in some cases are attributed to too much ice, not “global warming.”

Since polar bears are not endangered, it’s worthwhile to investigate what WWF activities the Coke money (which will also match other donations at the company’s Canadian Web site) will support. WWF is international, with separate chapters/Web sites for 48 different countries, but the Coke funding appears to largely go toward U.S. and Canadian efforts.

A visit to WWF-Canada’s polar bear “conservation” page provides some clues. The organization … Read More ➡

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Taxpayer-Subsidized Nissan Leaf Fails Real-Life Test

Nissan Leaf photoOn Monday NLPC’s Mark Modica smartly called into question Consumer Reports’ sudden change in opinion about the electric hybrid Chevy Volt from a vehicle that they once believed “doesn’t seem to make a lot of sense,” to one the publication recommends. The next day, however, CR delivered an online review of the major all-electric vehicle on the U.S. market – the Nissan Leaf – and while not intended to be scathing, the account given by reviewer Liza Barth makes the car sound so unappealing, she should have panned it outright.

I wish I could reproduce her entire account here without a charge of plagiarism, to detail exactly what a turkey the Leaf is, so make sure you follow the link to Barth’s assessment. And while giving somewhat a nod of approval in a late September review based upon CR’s very controlled facility testing, Barth’s real-life experience told the true story.… Read More ➡

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White Coke Cans Fund Polar Bear Myths

white Coke canFor years Coca-Cola has given millions of dollars to eco-extreme group World Wildlife Fund, whose alarmism and perpetration of falsehoods are unmatched among its cohorts in climate activism. Now Coke has initiated a new campaign with WWF that features its iconic advertising species in an effort to drive more funding to the international nonprofit group to “protect the polar bears’ Arctic home.”

The promotion will include new packaging for Coke over the holiday season, changing its familiar red cans to white, and featuring an image of a mother polar bear and her cubs on the side. Coke says it will donate $2 million over five years to WWF for “polar bear conservation efforts,” and will also match donations made at iCoke.ca. Last year Coke gave WWF $1.64 million for its various activities globally.

“The planet is changing very quickly, and nowhere more quickly than in the Arctic,” says Gerald Butts, … Read More ➡

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GE, Duke Energy, Exelon Can’t Quit Their Self-Serving ‘Green’ Politics

grassy dollar signU.S. Climate Action Partnership members General Electric and utilities Duke Energy and Exelon Corporation are addicted to the politics of gaming environmental regulatory policy so they can make millions off mandates and subsidies, often at the expense to taxpayers and their own customers.

The latest example was the three companies’ purchase of tables at the second annual Teddy Roosevelt Dinner, hosted by Republicans for Environmental Protection in Washington. This year GOP presidential candidate Jon Huntsman, who as Utah governor a couple of years ago led the charge to bring his state into the Western Climate Initiative regional cap-and-trade agreement, keynoted the dinner.  Looks like the companies have a hard time giving up on political losers, considering that Huntsman has only 39 percent name recognition and has 2 percent support among Republican voters, leading Gallup pollster Frank Newport to identify him as the likely next Tim Pawlenty.

REP honored Exelon … Read More ➡

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Duke Energy CEO Jim Rogers Keeps Pandering to Green Activists

Jim Rogers photoThe latest pressure tactic engaged in by global warming activists is to crank out their own journalism, then get an allegedly objective news organization to run their stories. Such was the case recently with the group SolveClimate and the Reuters news agency, when they co-published an article that attempts to pressure corporations to adopt climate mitigation and adaptation initiatives.

The report was fused with another environmentalist strategy: use shareholder compulsion to convince corporate leadership of the need to address global warming. As National Legal and Policy Center reported in recent months, activists have:

SolveClimate began its story with one … Read More ➡

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Auto Bailout Czar Ron Bloom Changes Story

On Friday night, I discussed White House staffer Ron Bloom’s statement that the auto bailout was done for the unions, and his subsequent denial of making such a claim, only to now back off his denial. The show was America’s Nightly Scorecard on Fox Business Channel. Here’s a transcript:

David Asman: The auto bailouts infuriating a range of stakeholders who argued all along that the government was orchestrating the bail-outs to give the unions more power, some say all the power, Ron Bloom, the White House’s car czar, formerly a leader of the steelworkers union, reportedly admitting as much, twice saying, I am doing all this for the unions. But Bloom changed his story under oath. Take a listen.

Roll Video

Congressman Dan Burton: Did you say this at a dinner– there was a dinner and it was reported by David Shepherdson, Washington correspondent for The Detroit News– … Read More ➡

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Green Pressure Groups Try to Split National Association of Manufacturers

National business associations have been targets of intimidation tactics by environmentalist groups for some time now. For example, Greenpeace trespassed on the grounds of the U.S. Chamber of Commerce, and the eco-gangs attacked their climate change positions to the point where individual members left the organization. Meanwhile “Green” investors have pressured companies to leave the chamber as well.

The environmental groups have similarly gone after the National Association of Manufacturers, and now “Green” investment groups have turned up their campaign against corporate members of the group to “explain themselves” with regard to “contradictory stances” between what the companies individually say about climate change, versus the position that NAM takes. Specifically the eco-financiers are upset that in March NAM backed an amendment to a small business bill that would prevent EPA from “overregulation” of greenhouse gas emissions from stationary sources (that is, smokestacks from industry and utilities). NAM explained:

Manufacturers support

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GM Confirms Chevy Volt Tax Credit Abuse

On Monday, I revisted my Chevy Volt story on Eric Bolling’s “Follow the Money” show on Fox Business Network. Here’s a transcript:

Eric Bolling: It is the story you saw here on “Follow the Money” first our friend Mark Modica, first broke the story that car dealers were selling the Chevy Volt as used and claiming thousands in tax credits for themselves. Now the LA Times is following the money and confirming the story with us now from the National Legal and Policy Center is Mark Modica. Also joining us on the panel is attorney Joe Jackson. Mark go ahead boy, you are being vindicated by the LA Times but thank you for breaking story right here on “Follow the Money.” Tell us about it.

Mark Modica: Thank you and thanks for breaking it on your show. Yeah, we ran the story, and basically the story was that … Read More ➡

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Bailed-Out GM Spends Millions on Phantom Carbon Offsets

A report on the Businessweek Web site Thursday illustrated how Chevrolet, General Motors’ subsidiary which gets most of its media love these days over the hyper-sensationalized electric Volt, is building its “Green-cred” in ways other than by the vehicles it manufactures.

But just as with the tax credit program for the Volt, in which dealers were discovered to be selling the vehicles to other dealers who then claim the $7,500 credit for themselves, all is not what it appears to be.

The story is about a program Chevy announced late last year, in which the company promised to purchase carbon dioxide offsets that would fund “environmentally-friendly” projects, which would counterbalance the emissions created by the 1.9 million vehicles the company expects to sell in 2011. Among the projects Chevrolet said would be funded were forestry projects, methane capture from landfills, wind farms, solar farms, and energy efficiency projects and … Read More ➡

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