An Investor's Business Daily editorial lashes out at global warming activists, especially former Vice President Al Gore, by pointing out that a report from the Environmental Protection Agency shows that U.S. greenhouse gas output declined in 2015, part of a larger trend over the past two decades.
The editorial says alternative energy, the "pet cause" of global warming activists, has nothing to do with the decline, but instead credits the fracking business, which environmentalists oppose.
Investor's Business Daily cites fracking as the reason, because the EPA said the overall decline in greenhouse gas output was due to lower carbon dioxide emissions from burning fossil fuels, which in turn came about because of less consumption of coal in favor of natural gas.
Advocates of fracking say has given America industry and homes access to massive amounts of cheap, relatively clean natural gas, but critics claim that potentially carcinogenic chemicals used in the procedure may escape and contaminate groundwater.
The editorial says it is ironic that the United States was severely criticized by the international community for not ratifying the 1997 Kyoto Accord to reduce greenhouse gas emissions, but in the 20 years since the American output of greenhouse gases has plunged 7.3 percent at the same time real U.S. GDP has grown 52 percent.
This makes the United States "the only major industrial nation actually slashing its output."
The editorial says that instead of slamming the fracking industry, "It may yet make possible a U.S. industrial renaissance -- and bring back jobs now done overseas, not by government trade protectionism but by pursuing free-market energy policies that will lead to ever more energy at lower prices."
The editorial takes a shot at Gore, who received a Nobel Prize for his green activism, saying that "If the Nobel committee geniuses really want to reward those who've done the most to reduce greenhouse gas emissions, they should give Gore's Nobel to the U.S. fracking industry."
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