The idea of the environment as an asset may horrify those who consider the great outdoors and all that's in it to be a collective human trust. But the fact is that most of what counts as an environmental asset is owned by someone.
Those who believe that renewable electricity standards would create a huge number of green jobs have forgotten the lesson of Detroit: a large domestic market does not guarantee a healthy domestic industry.
Barack Obama is a highly intelligent man who has appointed some of the best scientists in the world to explain to him what needs to happen now. But he is trapped in a political system soaked in petrol.