Editor's Note: This column was co-authored by Roger Bezdek. The Environmental Protection Agency, other government agencies and various scientists contend that fossil fuels and carbon dioxide emissions are causing dangerous global warming and climate change. They use this claim to justify repressive regulations for automobiles, coal-fired power plants and other facilities powered by hydrocarbon energy. Because these rules are costing millions of jobs and billions of dollars, a federal Interagency Working Group (IWG) devised the “social cost of carbon” concept – which attaches arbitrary monetary values to the alleged impacts of using hydrocarbons and emitting carbon dioxide. SCC estimates...