The Environmental Protection Agency recently released a much-anticipated report on greenhouse gas emissions. It contains some great news. Between 2015 and 2016 — the last year measured — U.S. emissions dropped 1.9 percent.
Unfortunately, it also contains some bad news. Today, Americans spew more greenhouse gases into the atmosphere than they did a generation ago. From 1990 to 2016, total emissions rose 2.4 percent.
Environmental activists warn that America must drastically cut emissions to stave off the worst effects of climate change. They want to restrict oil and natural gas exploration, which they blame for rising emissions.
Such restrictions would be completely...