Beam me to Planet Gore !
Posted on 10/25/2009 2:10:56 PM PDT by Winged Hussar
If Congress establishes proper oversight of a carbon market, New York's financial talent, expertise and institutions are uniquely suited to provide the tools and innovation for a new commodities market of this size. Firms wishing to invest over the long term will need to turn to our financial sector to create the emerging products and provide the capital that would allow them to make green energy investments.
An infrastructure is already beginning to form, as entities like the New York Stock Exchange, J.P. Morgan Chase, Goldman Sachs, and the new Green Exchange are developing carbon trading platforms or expanding their environmental trading desks. There are nearly 100 funds already focused on green investments.
As a member of the Senate Environment, Agriculture, and Foreign Relations Committees—all of which will have a lead role in the development of climate change legislation—I am focused on several core principles to ensure effective oversight of this new market and help New York seize this opportunity.
(Excerpt) Read more at online.wsj.com ...
"Lastly, it is essential to the long-term success of climate-change legislation and the ultimate benefit for New York that the market for carbon-emissions permits is internationally integrated. We should encourage the use of international offsets, such as reforestation projects in South America, which will drive investments in the most efficient reductions and allow firms in the U.S. to capitalize on their innovative practices across the globe.
New York and the U.S. have a lot to gain from our efforts to combat climate change, and a lot to lose if we fail. "
That's right, it's all about benefits for her state as opposed to the country. J.P. Morgan Chase and Goldman Sachs are not the United States; they are for-profit corporations that do business in the United States. Senator Gillibrand does not know the difference.
Why would anyone open a new business in NY? You’d go to a state where they give a damn.
Nothing is stupider than a tax on economic growth during a recession.
Chicago already has an established cap n tax exchange.
http://www.chicagoclimatex.com/
Could it really?
Indeed ... NY or Chicago gets the tax windfall - gee, I wonder who would win that battle?
What a disgrace. Its one thing to have an exchange of stock or bonds in real companies or tangible things (e.g, cattle futures). Its another to be exchanging things created on Government fiat along. And the taxpayer will ultimately foot the bill for all of it.
Geeze...a gentle breeze would knock this lightweight dame over.
What a lie. It would only be a boon to those that are crooks and thugs.
Obama voters need to realize all the money would go into the hands of these crooks and thugs.
Well, here we go again. democrats poised to rape taxpaying citizens in order to fill the coffers of wall street and bankers. Will it ever stop!
I remember back when President Bush first got elected, wall street and banks were playing dirty games with stocks. Saying a pretty much worthless stock was worth a whole lot and they were both making money hand over fist off of grandma and grandpas investments on the worthless stocks. Can’t remember the guys name who went after them. Didn’t he go down in a sex thing about a prostitute?
Anyway, democraps, wall street and banks cheated the public then, and they cheated the public with the bailouts and now they want to cheat the public again! Enough!! We need to get somebody in place who will go after these rats and put their sorry butts in jail. We need an Eliot Ness type person to go get em!
Global warming is a scam and cap and tax is a scam on top of a scam. They absolutely believe we’re stupid and unfortunately too many are!
Anyone read “State of Fear?” Someone should bring a lawsuit against Gore for perpetuating this myth and then follow up by suing the cap and taxers.
Wow. New York and Wall Street stand to gain from everyone paying higher energy costs? Who would have ever thought the Cap and Trade bill was such a scam? /s
Yup, that’s why Enron invented carbon credit trading.
Enron was up to its ears in this.
No tears for Lehman Brothers, which also wanted to make money off this scam.
So, her basic argument is that NY is positioned well to profit from a classic scam due to its experience?
Getting ready to rake in the loot from the biggest theft scam ever imagined,.
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