"Much of the momentum for Copenhagen is now driven by the alternative fuels industry and its investors, who stand to lose vast sums unless governments artificially raise the price of carbon. These include our friends at Kleiner Perkins, the ecoventure capital fund that includes Al Gore as a partner. And of course that part of the political class congenitally eager to redistribute taxpayer monies also wants to dispense "carbon credits" to friends and political donors."
I have been saying for a long time that any Cap and Trade system will naturally be corrupted by the irresistible urge that politicians have to reward their friends with an excess of "carbon credits" while punishing their enemies with more oppressive limits on carbon emission. Giving politicians this power is giving them the power to destroy any business at any time. They are certain to exploit that power for political gain. It is an absolute certainty.
They actually just got that power yesterday, when the EPA announced its unopposable bureaucratic preemptive strike, declaring CO2 a pollutant that it can regulate in any way it sees fit.