Utopia, you are standing in it!

Denver Business Journal reports US Supreme Court rejects Boulder’s $100M climate lawsuit against Suncor, Exxon.  That headline is misleading in that SCOTUS declined to rule on the motion to restrict such lawsuits to federal courts.  Excerpts in italics with my bolds.

The United State Supreme Court on Monday declined to take up a lawsuit Boulder and two other local governments filed against oil refiners Suncor Energy and ExxonMobil and deemed similar climate change-related lawsuits matters for state courts.

The nation’s highest court issued orders Monday rejecting oil companies’ request to take up the Boulder case and similar lawsuits filed against other oil industry giants such as BP, Sunoco and Shell by the governments of Baltimore, Maryland; San Mateo County, California; and Honolulu, Hawaii.

Boulder city and county governments and San Miguel County, home to Telluride, joined together in 2018 and sued Calgary-based Suncor Energy and Irving, Texas-based ExxonMobil. The…

There is an op-ed on the Herald website this morning on “The role of corporate profits in inflation”. It is written by Max Harris, a lawyer and political activist. He was campaign manager for Efeso Collins in the Auckland mayoral race last year, which should give you a sense of how far to the left he sits on the political spectrum.

Harris is a smart guy, and it is evident from the article and his tweets that he has read a number of papers that have emerged recently from overseas academics and some central bankers suggesting that corporate profits might have some distinctive role in explaining the recent surge in inflation. I say “distinctive” because in the same way that nominal GDP can be decomposed into price and volumes, it can also be decomposed into returns to labour and returns to capital. In a demand-driven surge in inflation it…

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How far has the government’s Three Waters policy retreated?

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• Brian Easton writes –

There are plenty of anecdotes which illustrate that the current management of fresh water, wastewater and storm water is failing. But they don’t explain the problem.

The Auditor-General observed in 2019/20, that the amount councils (excluding earthquake-recovering Christchurch) spent renewing pipes and other plant was 74 per cent of depreciation for water supply, 64 per cent for waste water and just 39 per cent for storm water. Councils struggling with funding shortages are failing to maintain their invisible piping; the anecdotal failures are a consequence. Shifting responsibility to separate visible agencies is a remedy. This government deserves credit for at last having faced up to the problem. It gets less credit for its solution.

The government’s first proposed solution was so unpopular and, in my judgement, so flawed that it has announced a retreat. How…

Image credit: steelguru.com
No prizes for guessing why those networks are hard-pressed: step forward ‘net zero’ climate obsession. Lack of reliable electricity supply didn’t happen overnight.
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National Grid is quitting its foray into developing carbon capture and storage in the UK, in a blow to the Government’s net zero ambitions, says the Daily Telegraph.

The FTSE 100 company is abandoning its plans to develop new pipelines in the Humber region to take carbon dioxide emissions out to the North Sea.

Its National Grid Ventures arm is in talks to sell the onshore pipeline project to partners, and has already quit another phase of the project.

Carbon capture and storage is considered key to the Government’s plans to reach net zero carbon emissions by 2050, but is not yet up and running at scale in the UK.

Power plants in the Humber region hoping to start capturing…

In the past, I’ve referred to Switzerland as the world’s most sensible nation.

Does that make it also the world’s best nation?

I actually won’t try to answer that question, but we can say that Switzerland is the world’s most libertarian nation and a role model for others.

At least according to the Human Freedom Index, which ranks nations based on both economic and personal liberty.

Here are the 25 jurisdictions that lead the rankings.

For what it’s worth, Switzerland also was in first place the previous year.

New Zealand, which had been in first place in earlier years, still ranks very high. Estonia is in third place and several other European nations round out the top 10.

The United States, meanwhile, fell to #23, which is disappointing but predictable given the subpar politicians that have governed the nation this century.

But Hong…