FReepmail me to get on or off
Click on POGW graphic for full GW rundown
New!!: Dr. John Ray's
GREENIE WATCH
The Great Global Warming Swindle Video - back on the net!! (click here)
Ping me if you find one I've missed.
Unusual-sorta-good-news
Posted on 05/30/2008 3:58:35 PM PDT by Fred
An influential coalition of Fortune 500 companies and environmental groups that was formed to support climate-change legislation has splintered over the Lieberman-Warner bill that is headed next week to the Senate floor.
The U.S. Climate Action Partnership formed last year won't take a position on the bill, although nine of its members - including General Electric (GE, Fortune 500), Alcoa (AA, Fortune 500) and four utility companies - signed a letter to senators backing the legislation.
The letter, also signed by big environmental groups and obtained by Fortune, says: "Prompt action on climate change is essential to protect America's economy, security, quality of life and natural environment."
But other members of the coalition known as U.S. Cap, most visibly Duke Energy (DUK, Fortune 500), a coal-burning utility, are strongly opposed. "It's going to translate into significant electricity price increases," says Jim Rogers, Duke's CEO.
Without widespread corporate support, passage of the bill - already a long shot at best - becomes even more unlikely this year. President Bush remains opposed. House Democrats have been slow to act.
Besides that, a backdrop of rising gasoline prices and the sluggish economy makes it difficult to win votes for a regulatory scheme that will raise the prices of electricity and gasoline. In fact, a key purpose of the bill is to put a price on the emissions of greenhouse gases, as a way to speed the transition to a clean energy economy and slow down global warming.
With the Senate scheduled to begin debate Monday, lobbying and advertising around the bill are intensifying. (Here's a new TV commercial supporting the bill from Environmental Defense Fund, and a radio ad opposing the bill from the Club for Growth.) But even supporters concede that the debate will set the scene for action in 2009.
(Excerpt) Read more at money.cnn.com ...
Keep in mind that GE owns CNBC and signs Jim Cramer's paycheck....makes Cramer's big move on wind energy suspect...
thank God!!!
Click on POGW graphic for full GW rundown
New!!: Dr. John Ray's
GREENIE WATCH
The Great Global Warming Swindle Video - back on the net!! (click here)
Ping me if you find one I've missed.
please add me to your list...
Hopefully common since will prevail. Sounds like it is off to a good start.
BEST NEWS ALL DAY!!
Reminder to self: sell GE stock. It’s only 25 shares. I earlier took profits at a high.
Names of senators/congressmen that vote for this turkey should be used in campaign ads.
I presume they are backing off because they aren’t getting as much government gravy as they expected.
Five hundred million years ago the air had twenty times as much carbon dioxide as it contains now. This led to a natural "greenhouse effect" which was reversed teo hundred million years later when the level of the gas dropped. Oxygen, too, has swung betewen extremes. Twice as much of the gas as today allowed the growth of enormous plants, of spiders the size of a book, and of scorpions a foot long.
Science, these days, is telling us more and more about Earth's history.
This could turn out a lot like HillaryCare. At first there seemed to be a consensus to enact it. Then people began to say "the devil is in the details." Then, once the details and their consequences were exposed to the general public, the whole plan went into the toilet. Let's make the same thing happen to AGW legislation and regulation.
There is no idea so bad that government can’t make it worse.
Don't get your hopes up. This legislative abortion is going to pass. Given the state of things, George-ban-the-incandescent-light-bulbs-Bush will sign it. If not, whichever one of the ideological triplets running for president will sign it in the spring.
Every one of the companies supporting the bill is doing so to support their narrow self-interest, not the national interest.
Who knows? If it meant tens if not hundreds of millions of dollars to me personally, I might argue in support of it. It would mean I couldn't look myself in the mirror, but I'd console myself by looking at my bank account from my private island.
Wrote my Congresscritters today and signed the ‘Drill Now, Drill Her, Pay Less’ campaign. Not sure what else we can do. The dems are determined to destroy this country and the pubies seemed poised to resume the ‘bent’ position.
As another Freeper says and I ditto here:
Pray for W and our Troops!!
opps..I seem to be having alot of these today....LOL
correction:
‘Drill Now, Drill HERE, Pay Less’
LOL
I don’t think Cramer is doing this BECAUSE of the GE move but because he is looking to give people advice on where the market is going and where the money is going to be made.
I wouldn’t read to much highbrow machiavellian activity in this. Cramer is pretty transparent. More transparent than anybody else I can think of.
But there are hundreds of billions of dollars heading into the ‘alternative’ energy plays despite the fact that none of them are ready for prime time. Doesn’t matter whether its smart or not, it just IS.
GE is currently run by the most incompetent person since the 1970s at least. GE also wants a huge part of the $8T that this global warming industry plans on taking away from taxpayers, ‘polluters’ of CO2 and anybody else who is on the wrong side of the carbon trade. GE is acting in its own best interests in such a short sighted manner that they are missing the fact that there are not enough wind turbines possible to make up for all the aircraft engines, train engines and any other engines which are now on the dreaded ‘carbon outputting’ list.
I’d be shorting GE if I was going to do anything with that stock. I’ve avoided it since Jack Welch left. And it turns out that I’ve been much better off because of it.
Frankly, I think Hillary's probably more conservative than McCain. I think there's an even bet that she would be as good or better on defense just to show she's got big ovaries.
Any of the ideological triplets is likely to sign every goofy piece of enviromarxist legislation that comes along. If it's a Dem in the Oval Office, there's a chance the GOP will rally in opposition. If it's McCain, he'll fracture the party with the party loyalists biting their tongues and following his lead, but the principled conservatives breaking off. Regardless, the GOP will get the blame with the likely result being a Democrat dominance to rival FDR from an electorate too stupid to realize who's behind their "malaise" (good Democrat word).
Freudian slip? Opps!
There are going to be a short list of ‘winners’ and a huge list of ‘losers’.
It doesn’t take a rocket scientist to see that the people in favor are planning on being on the ‘winners’ list and those opposed are going to be contributing the $8T than Rep Ed Markey thinks this bill will generate.
And expect that Goldman Sachs, Lehman Brothers, JP Morgan and others will jump onto the ‘pro’ list since they will get to manage and trade those ‘carbon credits’. They will be raking off the biggest IPOs in human history!!!
This is all such an incredible scam it’s mindboggling that so many have drunk the KoolAid. They can’t believe that God is real but they can believe that man is so powerful that man can literally change the temperature of the entire Earth, at will.
Believe me, I hear you!! I can not stand McCain and my instincts are similar to yours......’let the rats have it, ruin it, all under their banner...then we can rebuild’.
The only thing standing in the way of a clean conscience as I ponder that...is OUR TROOPS!!
McCain will not cut our defense speeding to the point of utter collapse the way the liberals will do to support their social engineering projects.
No matter what...these are very dark days imho!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.