Posted on 07/14/2009 6:29:28 PM PDT by Kaslin
President Obama's climate change legislation, the so-called "clean energy" bill, has passed the House of Representatives and is now being debated in the Senate. The president claims the bill will "spark a clear energy transformation that will reduce our dependence on foreign oil and confront the carbon pollution that threatens our planet."
In reality, the bill will have no impact whatsoever on global warming.
If global warming is in fact real and man-made, the bill's imposition of a "cap-and-trade" permitting system on heavy emitters and the oil and gas industries will have only one consequence: the creation of a huge environmental bureaucracy in charge of implementing it. Europe's experience with a similar cap-and-trade system since 2005 makes this clear.
In theory, cap-and-trade appears to be a smart synthesis between government regulation and free-market principles. On the one hand, the government grants each factory a specific amount of polluting rights. On the other, factories that go beyond their allotted cap are allowed to buy pollution credits from those still below their cap.
Halting Acid Rain
Cap-and-trade was successfully applied in the 1990s in North America and Western Europe to eliminate sulfur dioxide, which provoked acid rain. Factories shifted to nonpolluting technologies, and acid rain disappeared in 10 years.
(Excerpt) Read more at ibdeditorials.com ...
Govt. Sachs does not think it is political posturing...
http://greenhellblog.com/2009/07/08/goldman-sachs-to-be-carbon-regulator/
http://greeninc.blogs.nytimes.com/2008/11/12/goldman-sachs-buys-into-carbon-offsets/
But then do they really care about the dollar?
http://www.bloomberg.com/apps/news?pid=20601109&sid=ay67icisnzws
Political posturing? More like the let’s make Goldman Sachs trillionaires plan ....
Suicide? No -— Murder in the First Degree
Well, I want the same for them. Find a comfortable exit and take it, Soros.
Guy Sorman has a camel’s nose.
Citizens Unite!
http://unitedcitizen.blogspot.com
Yup. It’s political radicals holding the gun to everyone else’s heads. Obama and company will come out just fine.
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