Tag Archives for California
I continue to receive almost weekly requests from reporters who are asking for comment on California passing a law to force their pension plans to divest from coal. To help speed the process, I prepared a statement on the issue and have reprinted it here for Coalblog readers.
Regarding the issue of California passing SB 185, a law which requires state pension plans (CalPERS and CalSTRS) to divest from their coal holdings.
First off, with noted environmentally-focused investors like George Soros and Tom Clarke investing in coal stocks and coal companies it seems that the state of California may actually be behind the trends on this issue.
Interesting post on two separate blogs (here and here) that describe how many thousands of wind turbines across the country have been abandoned and left to rot as renewable tax incentives and subsidies dried up.
The symbol of Green renewable energy … abandoned wind farms are starting to litter the planet as globally governments cut the subsidies taxes that consumers pay for the privilege of having a very expensive power source that does not work every day for various reasons like it’s too cold or the wind speed is too high.
Yet another article that details the massive negative impacts of over zealous regulation on industry and the economy. This time, Forbes.com looks at the pseudo-religious fervor of green Californian regulators and damage they are doing to the state’s industry and economy.
Californians are learning what ideological extremism can do to an economy. … In California green zealots compel companies to shift their operations to states that are still interested in growing their economy — like Texas. The green regime is one reason why CEO Magazine has ranked California the worst business climate in the nation.