For example the bill includes every industry under the sun under the possible new carbon allowance system. Polluters will be involved in a mass carbon auction where credits are doled out regulating how much carbon they are allowed to spew into the atmosphere. This section also calls for promulgation of carbon sequestration technologies and severe penalties for those that don’t comply with the carbon trade. These restrictions will begin with power plants only and move on to other energy-intensive industries as years pass.
Though, as we noted, the bill is far from law it is a giant leap in the right direction. Let’s hope Congress can snap to it and decide to put this bill in the real books and get the US on the — geeze, finally — right path towards emissions reductions.
I wonder how much Obama’s close friend and funraiser, Richard Sandor, founder of the Chicago Climate Exchnage, has to gain financially from this little piece of legislation? Mr. Gore is all-in as well. Obama also was one of the founders. Do you think there are any monetary motivation here? It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers.
Meanwhile, if this BS cap and trade regulation ever gets passed, it will be the consumers who will pay dearly for this disguised tax. Three cheers for capitalism disguised as environmentalism.
Kmart… Its nice to see someone else that cares about the environment, while at the same time isn’t blind to what is going down.
[...] — with John Kerry by his side — that the Senate will officially be shelving the hopeful Climate and Energy Bill in favor of an all-but-unrecognizable version that the Democrats believe they can get past the [...]