Obama Leads But No One Follows In Climate Change Fight

The president wants to decarbonize the planet by killing fossil-fuel production and its high-paying jobs. Almost no other nation is following his lead despite the promises that will be made at the Paris climate summit. Last week we learned in a Reuters report that Asia will build 500 coal-burning electric generation plants this year alone. An additional 1,000 are planned in China, India, Japan, Indonesia and other countries. The latest projections are that 40% of the added power generation in Southeast Asia by 2040 will be coal-fired. Does this sound like a continent that's taking the alarm bells of catastrophic global warming seriously? So America shuts down its coal plants, while the rest of the world builds them. If that isn't bad enough news for the climate change lobby, the Times of London reports the world can "nearly double the available supplies of oil and gas in the next 35 years." And oil giant BP has issued a report that concludes: "This impending glut of hydrocarbons has demolished fears that the world is running out of oil." The world's reserves of oil are going up and are now just shy of 3 trillion barrels. The well is not running dry, in other words, and countries are going to burn more fossil fuel in the years to come. Meanwhile, negotiators in Paris are trying to keep their game faces on and pretend they're making great progress in reducing emissions. Are they living in the twilight zone?...more