The Wall Street Journal Embarrasses Itself Again

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In a Jan. 19 editorial, titled โ€œKyotoโ€™s Big Con,โ€ the Wall Street Journalย declared:

โ€œThe U.S. dropped its signature from Kyoto because arbitrary emissions targets are both pointless and economically damaging. No proof exists that lower emissions reduce global warming. The idea that human activity influences climate change one way or another is far from proven, given the overwhelming role nature itself plays in atmospheric changes. And if the warming trend of recent decades continues โ€“ by no means a certainty โ€“ it might well be a boon toย humanity.โ€

One might be misled into believing the Wall Street Journalโ€™s position on climate change mirrors the opinion of Conservatives and business leaders in the Unitedย States.

Fortunately, this kind of tripe has long ago been contradicted by, among others, Jim Woolsey (former head of the CIA), Sen. Richard Lugar (R-Indiana), Margaret Thatcher, William F. Buckley, Jr. (neither one exactly a closet liberal), and, more recently, former Bush Administration Treasury Secretary Paul Oโ€™Neil, who has likened the coming impacts of climate change to a โ€œnuclearย holocaust.โ€

It has also been contradicted byย such corporations as Alcoa, American Electric Power, Baxter International Inc., Boeing, BP, DuPont, Entergy, General Electric, IBM, Intel, Royal Dutch Shell, Sunoco, Toyota, United Technologies, Weyerhayser and Whirlpool Corporation โ€“ to name aย few.

No matter. It seems clear that Dow Jones (the parent company of the WSJ) places more faith in the pronouncements of the paperโ€™s editorial board than in the findings of more than 2,000 scientists from 100 countries reporting to the United Nations in what is the largest and most rigorously peer-reviewed scientific collaboration inย history.

The Journal used to be known affectionately as โ€œthe handmaiden of Americanย capitalism.โ€

Today it is fast becoming one of capitalismโ€™s biggestย buffoons.

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