News briefs are a collection of interesting news stories. This edition is all about the efforts of Obama’s EPA to make their own laws via extra-constitutional regulations and shenanigans;
Brief 1: The headline says it all; “Reckless and lawless EPA: Running on empty.” The EPA mandates that refineries purchase a certain percentage of cellulosic biofuels to support sustainable energy. The not-so-funny thing is that cellulosic biofuels do NOT exist yet not only did EPA levy fines, but upped the ante by increasing the percentage for 2013. You could argue that this is how big government works, but you’d have to ignore the fact that the U.S. Circuit Court of Appeals for the District of Columbia ruled that the EPA “exceeded its authority” in the original case.
“What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there. I was the first to call for a 100 percent auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year. So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”