It was announced today that the Delmarva Power Ratepayer has received a reprieve. NRG has decided to allow its Blue Water Energy contract with Delmarva Power to expire at the end of the year. Delaware’s most expensive capital project ever suggested ($2 billion), to be paid for by a subset of Delawareans for the alleged benefit of all peoples, is done.
Ironically, this announcement was made at the same time that the UN’s global “warming” meeting ended with a whimper. According to the Wall Street Journal, “the COP-17 meeting—so named by the United Nations bureaucracy to indicate that this is the 17th go-around—was supposed to come up with a successor to the 1997 Kyoto Protocol, which expires next year. What emerged was an agreement of sorts to extend the Protocol, never ratified by the U.S., to 2017. Yet Russia and Japan have said they’ll ignore the extension, Australia is wavering, and yesterday Canada said it is quitting Kyoto entirely.”
Good riddance to bad rubbish.
But, fear not because I bring you tidings of great joy. For even though the U.S. never ratified Kyoto & the Europeans looked down their debt-ridden noses at us due to our energy profligacy, the following chart shows that we have been performing no worse than the Europeans (who benefitted not from reducing the Western side’s CO2 emissions, but by closing down outmoded Soviet-era Eastern European power plants) while stomping on the developing world’s CO2 emissions growth.
Who wants cheap, affordable power? Seems that everyone does (Note that even the Occupy folks love cheap energy. Their 1960’s predecessors had no cell phones or laptops that required power, so the 60’s protests were much “greener”)…
The data in the chart comes from the International Energy Agency 2011 CO2 Statistics. The data set runs from 1990 through 2009. As I’m sure that you can figure out, the five countries listed account for over 50% of the globe’s population. OECD Europe & the U.S. combined are smaller than either China or India. Will Delaware’s Governor finally get it?