One of the greatest benefits of living in the United States is our access to plentiful, affordable domestic energy. These benefits extend to the nation’s poor who enjoy an unprecedented wealth of heat in the winter and air conditioning in the summer, plentiful light in the evening hours and electronic devices that power up at the press of a button.
Driving up costs for energy forces a concomitant rise in costs to consumers in every strata of society. Such has been the case of renewable mandates enacted throughout the country. One of the reasons behind such cost increases is that current renewable technologies such as solar and wind simply can’t provide enough energy to satisfy rising demand.
But for Rev. William Somplatsky-Jarman, a Presbyterian minister affiliated with the Interfaith Council of Corporate Responsibility, the increasingly dubious threat of catastrophic climate change trumps cheap energy for our nation’s poor. Somplastky-Jarman, you see, is one of those religious leaders who submits proxy shareholder resolutions to reduce greenhouse emissions.
In the Reverend’s case, his resolution was aimed at Dominion Resources Inc., “Virginia’s largest emitter of greenhouse gases,” according to Bloomberg Business Week. Somplastky-Jarman was joined by 20 likeminded activists who proposed at last month’s shareholder meeting that Dominion issue a report on anticipated financial fallout from climate change. The resolution failed, but not before 25 percent of shareholders voted for it. (more…)