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Capitalism is Saving the Planet Part 5: American Farmers Are Saving the Trees Through Innovation

On Tuesday, I wrote about how a recent study has found that there are more trees and vegetation today than there was 30 years ago, despite the fact that there are about 3 billion more people on the planet today than there was in 1980. One of the key reasons for this regrowth of trees around the world was agricultural abandonment, meaning we are using fewer acres to grow our food and these acres are now free for the trees. If one were to assume the gloom and doomers are correct, this should mean that food prices have skyrocketed and that there...

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Minnesota Utilities Spur Wind Turbine Building Boom…In North and South Dakota

Renewable energy advocates in Minnesota claimed that mandating the use of wind for electricity generation would produce a boom in jobs and generate local tax revenue for rural Minnesota, but many of the large industrial wind facilities planned by the state's major utility companies are in North and South Dakota, sending these jobs and revenues out of state....

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Local Media Glosses Over High Cost of Stoneray Wind Farm

A piece in Friday's Pipestone County Star reported that 39 industrial wind turbines with a total capacity of 101 megawatts would be built, comprising the Stoneray Wind Project in eastern Pipestone County and western Murray County.  Unfortuantely, the article reads more like a press release for the wind company, EDF, than a balanced article on project. First of all, there is zero mention of how much this project will cost Minnesota consumers, which is significant. According to the Minnesota Public Utilities filings, this project will cost between $160 to $232 million to construct. Federal tax credits will shield customers from feeling...

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