So this is what American politics have come to in 2014. New Jersey Gov. Chris Christie appears on NBC’s Meet the Press, then quietly jets out to Vail, Colorado to appear at an exclusive and secretive Koch Brothers strategy meeting. Not a word of this was spoken to his constituents back home. He spoke to an audience of some of the wealthiest people in the country, who have become considerably wealthier over the past decade, about how “America is careening into an economic crisis.” He boasted to the ultra-conservative crowd that “the governorship in New Jersey is the most powerful constitutional governorship in America.” I take that to mean he has extraordinary executive powers to do his and their political bidding.
One step that he has just recently taken is to withdraw New Jersey from the Regional Greenhouse Gas Initiative (RGGI), something he has been threatening to do for several years.
RGGI is a voluntary alliance between nine mid-Atlantic and New England States, which have agreed to work cooperatively to reduce carbon emissions through the use of emission credits that could be traded within the cooperative. RGGI states have reduced their emissions at a higher rate than their non-RGGI counterparts. The price of carbon credits has climbed to $4/ton, another sign that the program is working. If there is a problem with the system, it is that it hasn’t been aggressive enough in locking in reductions. Christie claimed, wrongly, that participation would make the state less competitive. Numerous studies and analyses have shown that sustainable enterprises do better, by reducing costs, avoiding penalties and attracting the best talent.
The governor was praised for his move by David Koch, who described it as a “commitment to the free enterprise system.” This commitment to free enterprise apparently lapsed when Christie banned EV maker Tesla from selling its cars in the Garden State. Tesla’s direct-to-consumer marketing poses a threat to the politically-connected car dealer networks, long known for their campaign support, which hold a monopoly in the state. Such contradictions are nothing new for the governor, who said back in 2011, that “the future for New Jersey is in green energy.” Of course that was before he became involved with the Koch brothers and their extensive oil and gas interests. Since 2011, he has scaled back renewable energy goals and rebates for residential solar, as well as vetoing a bill that would have banned the disposal of fracking waste.Click to continue reading »