Follow Up On "It's A Wonderful Life"

In a follow-up to my last post  here a few of the things that I have read about so far this week:

From the New York Times

With Carbon Dioxide Emissions at Record High, Worries on How to Slow Warming

In a nutshell although world leaders agree that steps to reduce harmful emissions need to be implemented, but little has actually been done to meet these goals.

From the Washington Post:

Fossil-Fuel Subsidies of Rich Nations Five Times Climate Aid

According to “Oil Change International” industrialized countries subsidized fossil-fuel industries five times greater than climate-aid efforts

On the positive side of this issue:

From Businessweek:

Obama Plans for Climate Deal as Fiscal Cliff Talks Rage

Although the Obama failed to implement a cap-and-trade program as promised in his 1^st term in office, the administration has set forth new greenhouse-gas rules for vehicles and power plants. The use of renewable power has doubled and Obama has also made a call for 80% of electricity in the US to come from “clean energy” by 2035

From The Guardian:

US government announces opening of Atlantic coast for offshore windfarms

For the first time the US is to offer offshore leases for windfarms

On the Fiscal Cliff Front:

1)The GOP is still insisting that the deficit can be closed by closing nebulous tax loopholes and the improving economy would provide additional tax revenues.

2)Taking a lesson straight from Hollywood Grover Norquist is calling for a Tea Party II