Outside the Beltway: The High Cost of Environmentalism
Todd Thurman /
In Los Angeles, in the heart of California’s anemic economy, Mayor Antonio Villaraigosa and the Department of Water and Power (DWP) hope to massively raise energy rates by a whopping 21% next year, with other rate increases slated through 2014, for a total 37% hike.
Are the increased rates intended to pay for a budget shortfall? No. Are they going up because the cost of energy is going up, too? Not exclusively. The increased rates would raise money to “invest” in renewable energy. In fact, Villaraigosa thought the hike was so important that he invited former Vice President Al Gore to present at the city council meeting via satellite.
The good news is that some common sense remains in the L.A. city council chambers, and the rate increase has not yet been implemented.
With unemployment at 12.5% in California, it would seem like now is the worst possible time for a rate hike. That fact, though, will not stop the environmental left. They will stop at nothing to make sure people can’t afford essential things like electricity and heating oil, all in the name of unconfirmed science. (more…)