Tag Archives: Cap and Trade

The Waxman-Markey Climate Change Bill (Part1)……What is it?

I will apologize in advance for posting so much information that is already in the public domain but I thought if I can put it all in one place maybe you could scan it and use it as a reference with Part 2  – nobody wants to read it not even congress. 

First up we have a summary of the bill from the legislators that wrote/sponsored it. 

The U.S. House of Representatives – Committee on Energy and Commerce 

The Waxman-Markey discussion draft, “The American Clean Energy and Security Act of 2009,” is comprehensive energy legislation. The legislation will create millions of new clean energy jobs, save consumers hundreds of billions of dollars in energy costs, enhance America’s energy independence, and cut global warming pollution. 

The legislation has four titles: (1) a “clean energy” title that promotes renewable sources of energy and carbon capture and sequestration technologies, low-carbon transportation fuels, clean electric vehicles, and the smart grid and electricity transmission; (2) an “energy efficiency” title that increases energy efficiency across all sectors of the economy, including buildings, appliances, transportation, and industry; (3) a “global warming” title that places limits on the emissions of heat-trapping pollutants; and (4) a “transitioning” title that protects U.S. consumers and industry and promotes green jobs during the transition to a clean energy economy. 

To read the entire draft bill go to:

http://energycommerce.house.gov/Press_111/20090331/acesa_discussiondraft.pdf 

So how does the bill deal with cap & tax? Below is a summary from GreenBiz.com: 

The bill aims to reduce greenhouse gas emissions by 17 percent below 2005 levels by 2020 and would give away up to 85 percent of the pollution permits in a proposed cap-and-trade program.  

Here is the breakdown of the permit allocation:

• 15 percent of the carbon permits will be auctioned off (proceeds will go toward helping low- and moderate-income families)

The rest will be given away as follows:

• 35 percent for electric utility sector, including 30 percent for distribution companies and 5 percent for privately owned coal companies
• 15 percent for carbon-intensive industries, such as steel and cement, in 2014 (reduced by 2 percent every year)
• 10 percent for states for renewable energy and efficiency investment from 2012 to 2015 (reduced to 5 percent between 2016 to 2022)
• 9 percent for local natural gas distribution companies (reduced to zero between 2026 and 2030)
• 5 percent for tropical deforestation projects
• 3 percent for automakers toward advanced technologies through 2017 (reduced to 1 percent from 2018 and 2025)
• 2 percent for domestic adaptation to climate change between 2012 and 2021 (increases to 4 percent between 2022 to 2026, to 8 percent in 2027)
• 2 percent for international adaptation and clean technology transfer from 2012 to 2021 (increases to 4 percent between 2022 to 2026, to 8 percent in 2027)
• 2 percent for carbon capture and storage technology from 2014 and 2017 (increases to 5 percent after 2018)
• 2 percent for oil refineries from 2014 to 2026
• 1.5 percent for programs helping home heating oil and propane users (reduced to zero between 2026 and 2030)
• 1 percent for Clean Energy Innovation Centers for R&D funding
• 0.5 percent for job training from 2012 to 2021 (increases to 1 percent after 2022)
 

There is a combined renewable energy and energy efficiency standard of 20 percent by 2020 (15 percent for renewable energy and 5 percent in energy efficiency). If a state cannot meet the requirement, its governor may cut the renewable target to 12 percent and boost the energy efficiency goal to 8 percent.“This bill marks the dawn of the clean energy age,” said Subcommittee Chairman Edward Markey (D-Mass.) in a statement. “This is a once-in-a-generation opportunity to revive our economy and create millions of good-paying clean energy jobs.”

 

The bill, however, has some environmental groups expressing concern and recommending outright rejection.

“Congressmen Waxman and Markey have done an admirable job satisfying a lot of competing interests,” Liz Perera, Washington representative for Union of Concerned Scientists’ Climate Program in a statement. “But now, as the bill moves forward, Congress needs to strengthen many of the bill’s provisions to ensure that we dramatically cut emissions, save consumers money, and strengthen our economy with a well-designed climate and energy policy.”Greenpeace, Friends of the Earth, Public Citizen and TheCLEAN.org coalition are calling for politicians to dump the bill and start over. 

 

Next we have a response document from GOP.gov, The website of Republicans in Congress: 

The Waxman-Markey Climate Legislation: Higher Energy Prices, Fewer Jobs, and More Government Intrusion

STATUS

On March 31, 2009, House Energy and Commerce Chairman Waxman (D-CA) and Energy and Environment Subcommittee Chairman Markey (D-MA) released their draft “American Clean Energy and Security” legislation. Both Chairman Waxman and Chairman Markey plan on considering their bill in Committee over the next few weeks.

Under my plan of a cap and trade system electricity rates would necessarily skyrocket … that will cost money. They will pass that money on to consumers … -President Barack Obama, Meeting with the Editorial Board at the San Francisco Chronicle, January, 2008

EXECUTIVE SUMMARY

Just shy of 650 pages, the Waxman-Markey bill contains four sections outlining mandates for renewable energy, mandates for energy efficiency, an incomplete cap-and-tax proposal, and a “transitioning” section focused on forestalling expected job loss. With regard to the cap-and-tax proposal in the bill, there are no specifics on how CO2 emissions allowances would be allocated to energy producers-in other words, will they be free or auctioned, and at what price. Therefore, the bill provides little for the Congressional Budget Office (CBO) to use to calculate its economic impact. However, in contrast to the details which are conveniently left out of the bill, there are plenty of details on how the plan increases energy prices, strains the economy, reduces jobs, and intrudes into private citizens lives.

– Higher Energy Prices: The bill imposes a national cap-and-tax regime that will tax every domestic energy producer for their carbon emissions-a tax which will inevitably be passed onto consumers. Independent researchers, CBO, and the President all agree that this cost will be passed to consumers. Furthermore, other provisions in the bill also increase the cost of energy, such as a new federal renewable electricity standard that will likely cause electricity prices to spike.

– Fewer Jobs: The bill does little to address the enormous loss of jobs that will ensue when U.S. industries absorb the cost of the cap-and-tax plan and other provisions, likely sending millions of American jobs overseas. In addition, the bill mandates undeveloped technologies for coal-fired plants, causing coal-fired plants to close when they cannot comply with federal regulation.

– More Government Intrusion: The bill creates a host of new federal mandates on everything from outdoor light bulbs and table lamps to water dispensers, commercial hot food cabinets, and Jacuzzis. The bill would also increase the demand for electricity (to fuel vehicles via new transportation mandates) at the same time as the other portions of the bill cause consumer electricity costs to spike.

To read the full response with point by point rebuttal go to:
http://www.gop.gov/policy-news/09/04/21/the-waxman-markey-climate-legislation 

This might be the most dangerous piece of legislation to come out of the House of Representatives this year from an economic impact standpoint (which considering what they have done so far that is saying something). This piece of legislation is Al Gore and environmentalists dream come true. Well almost, apparently the folks at Greenpeace and tree hugger.com can not support the bill in its’ watered down form. It is 650 pages of economic devastation and of course, nobody had time to read it. So in case the request was made for the bill to be read out loud as is often required the Democrats hired a speed reader – this is not a joke – they really hired a speed reader! 

First, let me say I do not really trust the Republicans or the Democrats in this dispute. However, common sense tells you that there are a multitude of unanswered questions in the global warming debate. This should lead one to wonder who the winners and losers in this are going to be. History shows that any time the government wants to create regulations like these somebody is going to get rich. More to come…..

The Truth about Change…..there is plenty of change but is it really what you want……

“Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it.” -Mark Twain 

So in a 100+ days we have seen more sweeping changes in our government than we have in the last 25 years, but is it the change we want? We have witnessed a full scale assault on our system of government, our economy, our security, states’ rights and our national sovereignty. Government spending, intervention, regulation and oversight is at an all-time high. Our Constitution is being shredded by an arrogant approach to governing that starts with the premise that the government knows what is best for us. Ironically,  the Constitution was written and designed to protect our rights from just this type of governing. 

Here is a quick list of some of the adventures the new administration and the current Congress have taken us on so far, in no particular order: 

The Stimulus Bill – (N.Y. Times) Feb 14th “The president made clear when we started this process that this was about jobs,” Mr. Boehner (R) Ohio, said after the vote. “Jobs. Jobs. Jobs. And what it’s turned into is nothing more than spending, spending and more spending.” “Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.” – White House Chief of Staff Rahm Emanuel This was undoubtedly part of the logic behind the $787 million stimulus bill that nobody in Congress read. The bill was a democrat’s wish list which contained such stimulating items as $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.  Plus  $252 billion is for income-transfer payments — that is, not investments that arguably help everyone, but cash or benefits to individuals for doing nothing at all. There’s $81 billion for Medicaid, $36 billion for expanded unemployment benefits, $20 billion for food stamps, and $83 billion for the earned income credit for people who don’t pay income tax. While some of that may be justified to help poorer Americans ride out the recession, they aren’t job creators.*  source* -The Wall Street Journal  The only jobs we are creating are government jobs – 66,000 census workers and 800 IRS agents.  (Category – Excessive Spending) 

Closing Guantanamo Bay – On Jan. 22nd, President Obama signed an executive order to close Guantanamo Bay.  On May 18th, the democrats denied President Obama’s request for $80 million to close Guantanamo Bay. “When they (the administration) have a plan, they’re welcome to come back and talk to us about it.” – House Appropriations Chairman David Obey (D-WI) Apparently, lawmakers are concerned about what would happen to the roughly 245 current Guantanamo inmates, many considered hardened terrorists particularly which congressional districts they would land in. Rep. Frank Wolf (R., Va.) said the Justice Dept. was prepared earlier this month to release Guantanamo prisoners into his district — which the administration denied — and he called for a moratorium on such releases. “We need a plan. We need to know where these men will go,” Mr. Wolf said. (Category – National Security) 

Release of the “torture memos” – April16th,  (CBS News) -“Withholding these memos would only serve to deny facts that have been in the public domain for some time,” Mr. Obama said. “This could contribute to an inaccurate accounting of the past, and fuel erroneous and inflammatory assumptions about actions taken by the United States.” (WSJ) – “The four memos from 2002 and 2005 revealed new details about the interrogations, including a detailed description of water boarding, or simulated drowning, and descriptions of lesser-known methods such as “walling” and using insects. Sections involving names of some detainees and the way techniques were applied to particular prisoners were blacked out.” This should really improve our national security and relations with Muslims everywhere. The administration’s arrogance was on full display as this was done over the objections of their own CIA Chief Leon Panetta and others in the U.S. intelligence community. (Category – National Security) 

Greenhouse gases are harmful – April 17th, The Obama Administration used its’ regulatory power to circumvent the need to try and force unpopular legislation. Instead, the EPA announced that greenhouse gas emissions were a threat to public health because they contribute to climate change. This sets the stage for the EPA to regulate emissions from a wide spectrum of sources including vehicles, power plants, manufacturing facilities, oil refineries and airplanes. The executive branch trumped the legislative process to further their agenda by cutting off a congressional debate that they couldn’t win. We still live in America – don’t we? (Category – Excessive Government Regulation) 

The apology tour – President Obama has made a habit of using his speeches abroad to apologize for American behavior in the past. Here are some highlights.

Ÿ         Jan. 26: “All too often the United States starts by dictating … and we don’t always know all the factors that are involved. So let’s listen. And I think if we do that, then there’s a possibility at least of achieving some breakthroughs. … My job to the Muslim world is to communicate that the Americans are not your enemy. We sometimes make mistakes. We have not been perfect.”
President Obama, in an interview with Al Arabiya

Ÿ         April 1: “If you look at the sources of this crisis, the United States certainly has some accounting to do with respect to a regulatory system that was inadequate.”
President Obama, at a press conference ahead of the G20 in London

Ÿ         April 2: “It is true, as my Italian friend has said, that the (economic) crisis began in the U.S. I take responsibility, even if I wasn’t even president at the time.”
President Obama, at the G20 in London, as reported by Germany’s Der Spiegel

Ÿ         April 6: “I know there have been difficulties these last few years. I know that the trust that binds us has been strained, and I know that strain is shared in many places where the Muslim faith is practiced. Let me say this as clearly as I can: the United States is not at war with Islam.”
President Obama, in Ankara, Turkey

Ÿ         April 16: “Too often, the United States has not pursued and sustained engagement with our neighbors. We have been too easily distracted by other priorities and have failed to see that our own progress is tied directly to progress throughout the Americas. My administration is committed to renewing and sustaining a broader partnership between the United States and the hemisphere on behalf of our common prosperity and our common security.”
President Obama, in an op-ed that appeared in U.S. and Latin American newspapers prior to the Summit of the Americas

Ÿ         April 18: “We have at times been disengaged, and at times we sought to dictate our terms. But I pledge to you that we seek an equal partnership. There is no senior partner and junior partner in our relations.”
President Obama, at the Summit of the Americas in Port of Spain, Trinidad

Ÿ         Is this a new form of “statesmanship”? Are these the positions that we want our leader expressing to the rest of the world. We are not a perfect nation but we are a good and generous one. We give the rest of the world billions of dollars a year in foreign aid and relief efforts trying to make it a better place. Let’s be honest – the hardworking people of our country are not the ones who are benefiting from the political hi-jinx that our politicians pull around the world – they and their cronies do! The only thing, “We, the people” need to apologize for is electing some of these idiots, in the first place. 

Remember the words of George Washington“’Tis folly in one Nation to look for disinterested favors from another; that it must pay with a portion of its Independence for whatever it may accept under that character; that by such acceptance, it may place itself in the condition of having given equivalents for nominal favors and yet of being reproached with ingratitude for not giving more. There can be no greater error than to expect, or calculate upon real favors from Nation to Nation. ‘Tis an illusion which experience must cure, which a just pride ought to discard. …….. ‘Tis our true policy to steer clear of permanent Alliances, with any portion of the foreign world.” (Categories – National Security/Foreign Policy/National Sovereignty) 

The Chrysler Bailout/Bankruptcy – (N.Y.Times) WASHINGTON — President Obama forced Chrysler into federal bankruptcy protection on Thursday so it could pursue a lifesaving alliance with the Italian automaker Fiat, in yet another extraordinary intervention into private industry by the federal government.  – This intervention resulted in the UAW getting a 55% ownership share in Chrysler for about $4.2 billion while the taxpayers got about 8% for our $12 billion. Really! This is the kind of good deals you get when the government gets involved with business. So far the buy out has only saved union and management jobs . On the other side of the equation, the 789 dealerships closing will result in the loss of another 30,000 jobs in communities of every size nationwide. Many of these are family run businesses left holding inventories of cars and parts. Watch out GM is next. (Categories – Excessive Spending/Government Intervention) 

The G20 Rollover –  (Telegraph.co.uk) A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,” it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century. In effect, the G20 leaders have activated the IMF’s power to create money and begin global “quantitative easing”. With this agreement President Obama helped lay the groundwork for global financial regulation. The creation of a Financial Stability Board is the first step towards an international financial regulator. These moves are designed to strengthen the World Bank, the International Monetary Fund and possibly create a new world currency. In the future, the FSB could/will technically be able to impose global financial regulations that the SEC would be obliged to follow. Welcome to the New World Order, goodbye sovereignty! (Categories – Economic Security/Foreign Policy/National Sovereignty) 

Executive Pay Limits – May 15th  , (N.Y. Times), Obama Administration officials are contemplating a major overhaul of the compensation practices in the financial services industry, moving beyond banks to include more loosely regulated hedge funds and private equity firms. Federal policymakers have been discussing ways to ensure that pay is more closely linked to performance. Representative Barney Frank, the Massachusetts Democrat who heads the Financial Services Committee, said he believed giving the government new authority to take over troubled companies could be adopted by the House. “This would give the government the same powers that you would get as if the company were in bankruptcy,” Mr. Frank said in an interview shortly after meeting with Mr. Geithner on the plan. But Mr. Frank and other lawmakers said other elements of the plan could take more time, like expanding the authority of the Federal Reserve to become a systemic regulator. Among the ideas under consideration are incorporating compensation as a “safety and soundness” concern on official bank examinations as well as expanding the existing regulatory powers of the Securities and Exchange Commission and Federal Reserve to obtain more information. This sounds an awful lot like socialism, today banks, financial services companies and hedge funds – tomorrow?  Is your job next?   And ….. Where in the constitution does the government get this authority? I guess if you control salaries the redistribution of wealth model is easier to manage.   (Categories – Government Intervention) 

The administration will tell you that all of this is being done to protect the country and for the general welfare of its’ citizens. To which our founding fathers would have responded as follows: 

“With respect to the two words ‘general welfare,’ I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators.” James Madison 

This only a handful of the examples that illustrate that the federal government is out of control. There are many more spanning a broad spectrum of categories from nationalizing private businesses, retroactive taxes, state’s rights, financial regulation and continued bailouts to plans to “reform” health care , gun laws, cap & trade and card check. It is the time to this stop madness. 

We are careening down the road toward socialism at an incredible rate of speed. Politics long ago replaced leadership, statesmanship and governing. The elected officials and bureaucrats in Washington have thrown our constitution and all the values used to create it out the window. The federal government  has pushed citizens and the states aside, in an effort to take total control. We can not let this happen. You need to write or contact every elected official in your voting district. Tell them to cease and desist or they will lose their jobs. The time to act is now. Let’s take back America!

Cap and Trade or ….Bait and Switch?

What is cap and trade?

 

The Cap – It is a system that sets a limit or a cap on emissions generated by fossil fuel use. Companies will be given an emission limit based on either a formula or a historical profile. Over time the limit would be reduced to achieve a target that in theory would reduce the cumulative global output to 80% of 1990 actual output by 2050.

 

The Trade – Companies that perform below their allocated levels can bank the unused units and sell them to companies that exceed their allocated units.

 

Theoretically, the system would be adopted worldwide and the total global cap would be designed to reduce global warming. This sounds great right?

 

So are you ready for the rest of the story?

 

First, the implementation of this program will have a major impact on our economy and your wallet.

 

– The implementation of this type of program could result in an increase in electricity rates by as much as 60% in the next 10 years.

– It could add an additional $0.30 to $0.40 to the price of a gallon of gas.

 

Second, the various proposals all require quick implementation so there are no provisions for easing into them. Since, 85% of the energy used in the U.S. is a by product of fossil fuel moving quickly to alternative energy sources will be difficult. First the technology and required infrastructure must be built before it can be adopted. This will be an expensive change. Europe has been attempting to implement these measures since 1997 when many European nations signed the Kyoto Protocol which is an international treaty to reduce carbon dioxide emissions. The time and cost to implement have exceeded original projections. The bottom line for American businesses is their costs will go up making them less competitive in the global economy.

 

Why would a global treaty unfairly penalize U.S. businesses? To start with, our government will hold our businesses to the standard through federal legislation. This would be fine if the rest of the world would play on the same field. However, this is not the case. Under the terms of the Kyoto Protocol developing and emerging third world nations are exempt from the guidelines. The theory is that the U.S., Europe and Japan were unencumbered by such restrictions during our early growth years so the only fair thing to do is give these developing nations a break in their formative years. As a result China and India are building new coal burning power plants at an alarming rate and by the way these plants are not utilizing clean coal technology. China is now the world’s largest emitter of carbon dioxide but they are completely exempt from Kyoto.

 

Meanwhile back at home in the U.S., the federal government has piled on the regulations and restrictions that continue to reduce America’s global competitiveness. The Congress and environmental groups have objections to almost every solution to America’s move toward energy independence which translates into a healthier economy.

 

Here is a list of potential solutions along with the associated objection:

 

Nuclear power: Cheap and surprisingly safe, despite the safety concerns the industry has had a long record of safe operations in the U.S. There are 439 nuclear power plants operating in 30 countries around the world, 104 in the U.S. This is one of the largest sources of power in Europe. It also has a smaller carbon footprint than other energy sources. Legitimately, nuclear power is the easiest to argue against due to storage, safety and potential target for terrorism.

Coal Powered Electric Generation: The largest source of power in the U.S. coal plants produce the highest level of carbon dioxide of the primary sources. While there is a lot of work on building clean coal technology debate rages over whether it is real and cost effective. Ironically, coal provides the most immediate solution to U.S. energy independence because we have some of the world’s largest reserves. However, if we are not allowed to use it here at home I am sure we will eventually sell our coal reserves off to China and India allowing them to use the cheaper fuel while we pay higher prices at home.

Oil, Off Shore Drilling: The U.S. also has large potential reserves of our shore line but environmentalists go crazy at the thought of off shore drilling. Again, modern technology has made this much safer and more cost effective. While it may not be the answer long term, increased domestic oil production could help bridge the gap short term while we ramp up alternative energy sources.

 

Ironically, even the green solutions raise the ire of environmentalists:

 

Solar Power: Solar technology has evolved to a point where base load solar power is now technically feasible. California has started exploring the possibility of constructing such plants in the Mohave Desert. While today it remains relatively expensive 4x the cost of coal powered electricity per kilowatt hour there is confidence in the engineering community that costs could be cut by as much as two thirds as the technology continues to be refined. The only known negative environmental impact is construction of the plants and the use of transmission lines to bring the power back to the population centers. The environmentalists have already started their campaigns to protect the desert and all the areas the transmission lines will be built on. Prompting a frustrated California Governor Arnold Schwarzenegger to say, “They say we want renewable energy but they say they don’t want us to put it anywhere. I don’t know if this is ironic or absurd. But, I mean, if we can’t put solar power plants in the Mohave Desert, I don’t know where the hell we can put them.”

Wind Power: While wind power is one of the cleanest and most environmentally friendly sources for power it still receives continuous attacks from environmental and citizens groups. The primary complaints from environmentalists focus on birds and bats with regard to migratory patterns. While citizen groups often complain about the aesthetics of the turbines themselves. Even Sen. Ted Kennedy, supposedly a supporter of all things green, complained about the Cape Wind Project near his summer home. Of course, wind turbines will also require those nasty transmission lines.

 

I think you are starting to get the point. Ironically, the U.S. Senate already voted 95-0 against participation in the Kyoto Treaty or any similar treaty.

 

Recognizing that there is not support in Congress to vote this type of legislation into law, on April 17th the Administration used its’ regulatory power through the EPA and announced that greenhouse gas emission were a threat to public health because they contribute to climate change. This sets the stage for the EPA to regulate emissions from a wide spectrum of sources including vehicles, power plants, manufacturing facilities, oil refineries and airplanes. Soon we will be chasing environmental standards that are unrealistic and hurt our ability to compete in the world. These standards will raise the cost of power, transportation and products for both citizens and most American businesses. This feeds into the larger cycle of government rules and regulations that reduce the profitability of our economy, put us at a disadvantage in the global market and slows economic recovery.

 

The only winners in this situation will be the multi-national businesses such as GE which spent an estimated $20 million on lobbying efforts on all things green. In addition to their huge footprint in wind and solar power, GE has announced the launch of a new subsidiary called Greenhouse Gas Services, which will facilitate the trading of carbon tax credits. GE and others are poised to cash in on this “crisis” while the rest of us are left to foot the bill.

 

A few more fun facts on the mythical climate change/global warming that is the driver of these efforts:

 

  • In the last 100 years the earth has warmed 0.74 degrees Celsius.
  • Both man and natural changes have both contributed to these changes.
  • Historically, weather patterns have changed in cyclical patterns.
  • In support of weather being cyclical here are a few blast from the past: In 1924 both the N.Y. Times and Time magazine wrote alarming articles about global cooling but by the mid 1930’s both were reporting that we were headed for a period of scary global warming. Then in the mid 70’s, during my high school years, both were back to reporting cooling trends and even a potential second ice age.
  • There is not conclusive evidence that all of the claims being made by the forces of Al Gore are accurate. In fact there is a large group within the scientific community that do not agree. However, media coverage of this opposing view is limited and most attempts at public debate on the issue gets no notice.
  • Nitrous oxide and methane which warms the planet at 296 times and 23 times the rate of carbon dioxide respectively is a natural emission of live stock so maybe we should all be vegans and eliminate the pesky livestock population all together. Wait PETA will never go for that.
  • Environmentally friendly (hybrid) cars seem like a good idea. However here is some perspective – it would take 3 billion Ford Expeditions driving 15,000 miles a year each to equal the amount of carbon dioxide emissions that will enter the atmosphere from China’s increased use of coal powered electricity by 2020. (side note: it would take Ford 15,000 years to sell that many Expeditions based on current sales stats)
  • Last but not least a few of quotes from leading environmentalist that should leave you wondering if climate change initiatives are  about protecting the planet or social reengineering:

 To capture the public imagination, we have to offer up some scary scenarios, make simplified dramatic statements and little mention of any doubts one might have. Each of us has to decide the right balance between being effective and being honest.”  Stephen Schneider, 1989  Schneider was the lead author of the 2007 UN IPCC report. In 1970 he was also the author of one of the reports that lead to the global cooling scare.

 

 

 

From Paul Ehrlich, current president of the Center for Conservation Biology at Stanford University a series of predictions:

1969 – “I’ll take even money that England will not exist in the year 2000”

1970 – “In ten years all important animal life in the sea will be extinct. Large areas of coastline will have to be evacuated because of the stench of dead fish.”

1978 – “Giving society cheap, abundant energy would be the equivalent of giving an idiot child a machine gun.”

 

And the one that should frighten you the most……

 

“Climate change (provides) the greatest chance to bring about justice and equality in the world.”

“No matter if the science is all phony, there are still collateral environmental benefits” to global warming policies – Christine Stewart, former Canadian Environmental Minister

 

This brings us back to Cap & Trade and the Bait and Switch:

 

The Bait: We are in the midst of an environmental melt down and all good citizens of the world must work together to avert impending disaster. This seems logical and reasonable on the surface if the rules are fair.

 

The Switch: Turns out the rules are not fair. The U.S. government is not protecting America’s economy or the best interests of its’ citizens by not insisting on a level playing field.

 

In the end Cap & Trade will be just another undisclosed tax and financial burden on the citizens of the U.S. It is an international wealth shifting program that holds the U.S. to the highest standard while holding China arguably the other super power to none.

 

Write your representatives and tell them we are not interested in Cap & Trade or subsidizing the cost of switching to alternative energy systems on an artificial schedule. We will be good citizens of the world. Through American innovation we will continue to move toward cleaner energy and more thoughtful environmental policies but not at the expense of our own economic security. Scare tactics aside, we have time to both “fix” the problems and protect our economy.

 

(Some of the Fun Facts and Quotes courtesy of an Inconvenient Book by Glenn Beck)