This just as the U.S. Senate is poised for "an historic vote" this week:
On the Federal level, the U.S. Senate Environment and Public Works Committee on Wednesday is expected to debate amendments to a bill proposed by Sens. Lieberman of Connecticut and Warner of Virginia that would create a "cap and trade" system designed to cut total U.S. greenhouse-gas emissions. These systems require industries to pay fees when they emit carbon dioxide or other greenhouses gases above a set limit, with the money going to reward cleaner businesses.Note to Congress... this has been tried and failed.
Europe tried a pollution credit trading system to curb carbon dioxide emissions after it passed the Kyoto Protocol in 1997, and power companies worked the system to make billions in profits. Electricity customers paid higher bills, thinking they were contributing to a cooler planet. But their money just went into the pockets of the electric companies, which didn't end up actually cutting down on their carbon dioxide emissions.
Maybe the fees paid could go to the same company Algore (whom our Congressman Nick Lamspon adores on this issue) pays his carbon offsets to... himself. Global warming scam artists unite.
Reality Check here.
2 comments:
I just found the link to TexasFred's in your sidebar today, thank you very much for that link...
I added your blog to my blog roll The American Conservative in return...
Great blog too BTW...
Thanks for stopping by and leaving your kind comments. I've added you to my bloglist.
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