Posted on 06/09/2009 5:45:47 PM PDT by Rufus2007
Don't think that cap-and-trade legislation comes at a cost? Well, think again.
In a June 9 interview on Bloomberg as the U.S. House of Representatives was considering the Waxman-Markey bill, David Sokol, chairman of Berkshire Hathaway Incs (NYSE:BRK.A) MidAmerican Energy Holdings and a contender to succeed Warren Buffett as Berkshire Hathaways CEO, explained capping carbon dioxide (CO2) would be a policy decision his industry would deal with, but trading emission credits was another matter.
Let me break it in two parts, Sokol said. The caps trying to reduce CO2 by 83 percent by 2050 and then some interim steps if thats government policy, were fine with that and we will achieve that through our utilities, and thats a huge cost unto itself. But again, thats policy and if that is the policy of the land.
...more (w/video)...
(Excerpt) Read more at businessandmedia.org ...
Hey, come-on, do your patriot duty, step up to the plate, give the gov more money - what is wrong with you.
Warren has proven to be an Idiot!
The suger from all his Coca Cola has rotted his brain.
I think it’ll be worse.
Add another $120 to your power bill and add $2.50 a gallon to gas.
If these evil Democrats in Washington get all the tax increases they want, they will send the country into a depression that will make the last depression look like a picnic.
Last I checked, electric service was not mandatory. I will go ZERO emissions and discontinue service and give myself a raise and avoid the Green Tax.
I will not pay a Carbon Tax.......I will re elect NO ONE if it passes Congress.
You’re FIRED .
If this passes, many homes will either go Amish OR install their own power generation to not need to pay for electricity.
Excuse me?
That's more than my monthly entire electric and gas bill for each of the last three months!
What makes you think that self-generated power is immune from taxes? Get real.
If you don’t have an electric line connected to your home, how will you be billed for it?
And your point is.....?
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