Fracking is proving a god-send to saving the planet…wait…what?
The U.S. Department of Energy published data last week with some amazing revelations — so amazing that most Americans will find them hard to believe. As a nation, the United States reduced its carbon emissions by 2 percent from last year.Over the past 14 years, our carbon emissions are down more than 10 percent. On a per-unit-of-GDP basis, U.S. carbon emissions are down by closer to 20 percent.
Even more stunning: We’ve reduced our carbon emissions more than virtually any other nation in the world, including most of Europe.
How can this be? We never ratified the Kyoto Treaty. We never adopted a national cap-and-trade system, or a carbon tax, as so many of the sanctimonious Europeans have done.
The answer isn’t that the EPA has regulated CO2 out of the economy. With strict emission standards, the EPA surely has started to strangle our domestic industries, such as coal, and our electric utilities. But that’s not the big story here. Read more »