In spite of what the global cooling deniers in the White House and in Congress have been telling us, temperatures have been dropping now for a decade–and apparently it’s starting to take a toll on Duke Energy’s bottom line. According to Steve Milloy’s Junk Science.com,
one of the reasons Duke lists for its revenue decline in the third
quarter of ’09 is “unfavorable weather,” i.e. a cool summer. Oddly
enough, Duke’s CEO Jim Rogers is himself a cooling denier who has been
advocating new energy taxes to combat the non-existent warming. As
Milloy points out, “Duke has spent about $10 million since 2008
lobbying for carbon caps.
That?s a lot of lost earnings…spent working against the
interests of Duke shareholders and customers”– to say nothing of
chasing phantoms.