CEI Podcast for July 14, 2011: The Incandescent Light Bulb Ban
Earlier this week, General Electric (GE) CEO Jeffrey Immelt gave a speech at a conference on free enterprise. Energy Policy Analyst William Yeatman points out the irony of a career rent-seeker extolling free markets. GE spent $47 million in 2007 lobbying for an incandescent light bulb ban, cap-and-trade carbon regulations, and other government policies that would tilt the playing field in GE’s favor. Its compact fluorescent and LED bulbs offer a higher profit margin.Yeatman also discusses a bill currently winding through Congress that would repeal the lightbulb ban.