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Commentary: Obama to Ratchet up War on Coal

Will Donald Trump win the 2024 election?

I have a new commentary up on Conservative Review that explains why Obama’s green energy pipe dream and what I call “venture socialism” can only go so far before the realities of the marketplace come home to roost.

Here is a quick preview:

Undeterred by the failure of his clean energy agenda, President Obama recently announced a commitment to generate 20% of U.S. electricity from non-hydro renewable energy by 2030.

The announcement was made during a White House meeting with Brazil President Dilma Rousseff where both countries agreed to form a joint Initiative on “climate change,” including Brazil matching Obama’s renewable energy goal for electricity generation.

Brazil and the U.S. will execute their climate change plans through a United States-Brazil Climate Change Working Group where the countries will cooperate on issues including clean energy and land use.

The agreement is part of a build up to the upcoming United Nations Paris Climate Change Conference in December where Obama hopes to cement his climate change legacy.

Despite the spectacular clean energy busts, including huge taxpayer losses on green energy investments and marketplace rejection of Obama’s electric car dream, the president is stubbornly driving renewable energy goals through executive branch action.

There is a good chance, however, Obama’s latest goal will also fail.

Read the rest at Conservative Review here. 

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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