Word: fossilizes
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...ENERGY $4 a gallon BURNING FOSSIL FUELS AND MONEY ISN'T AN ENERGY POLICY...
...difficult is that it would almost inevitably involve raising costs now, with higher taxes on oil, increased subsidies for other energy sources or higher energy-efficiency standards for vehicles and homes - or all three. Economists tend to prefer the first of these approaches because taxes on gas, oil or fossil fuels in general tamp demand and allow the market - rather than members of Congress - to sift out the best alternatives...
...rule, presidential candidates not named Ross Perot don't propose fuel-tax hikes. Interestingly, though, to fight global warming, Clinton, McCain and Obama are all in favor of a carbon-cap-and-trade regimen, which would raise the price of fossil fuels just as surely as a direct tax would. Almost in spite of ourselves, we may end up with a semi-rational long-term energy policy. It won't make gas cheaper anytime soon - or perhaps ever - but in the long run, it could strengthen the country's economic prospects...
...director for Greenpeace. "They simultaneously acknowledge that global warming is likely to lead to polar bear extinction, while ruling out any action to address that problem." There had been hope that, as the bear was threatened because of global warming, its listing might offer a new way to fight fossil fuel projects in the U.S. Kassie Siegel, director of the Climate, Air and Energy program for the Center for Biological Diversity, points out that under the ESA, any federal agency ruling on something that could impact a listed species needs to examine the effect that project might have...
...Letmathe, head of Nestlé , the world's largest food and drink company, said the enormous biofuel subsidies being proffered by Brussels and Washington are "morally unacceptable and irresponsible." And environmental groups, which championed biofuels just a few years ago, have warned that they might even be worse than fossil fuels. "Biofuels are no green panacea," says Adrian Bebb, a spokesman for Friends of the Earth. "They can damage the climate and wreck rainforests. The public is being conned if it thinks they are a green solution...