The latest Bloomberg Business Week features a report on Duke CEO Jim Rogers? advocacy of federal restrictions on carbon dioxide emissions.
Those shocked to learn that a power company executive would take this stand haven?t read Roy Cordato?s analysis of the issue:
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.
