Read here. (h/t Tom Nelson) Most 'cool dudes' (aka skeptics) have long held the opinion that 'cap & trade' CO2 emission mechanisms are worthless, with the sole exception being for those wealthy individuals and crony capitalists who stand to hugely enrich themselves (Gore, Soros, GE, Duke Energy, Exelon, etc.). Almost all green groups and climate alarmists sided with the self-interested as the 'cap & trade' legislation was being fought out in Congress. Not any more, though.
Since Federal 'cap & trade' legislation is going nowhere soon, some states, like California, are pursuing their own moronic 'cap & trade' policies. But now the California environmentalists are fighting that state's 'cap & trade' implementation using the same arguments that the skeptics (and one single anti-CO2 fanatic named Hansen) were using during the fight over the Federal legislation.
“The fraudulence of … ‘goals’ for emission reductions, ‘offsets’ that render even iron-clad goals almost meaningless, an ineffectual ‘cap-and-trade’ mechanism must be exposed. We must rebel against such politics-as-usual.” - James Hansen, “Never-Give-Up Fighting Spirit,” November 30, 2009
“The truth is, the climate course set by [the] Waxman-Markey [cap-and-trade bill] is a disaster course. It is an exceedingly inefficient way to get a small reduction of emissions. It is less than worthless….” -James Hansen, “Strategies to Address Global Warming,” July 13, 2009.
Previous cap-trade and wealthy-enrichment postings.
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