Wednesday, August 26, 2009

[Obama administration still counting on $627 billion in climate swindle money?] | Green Business | Reuters
WASHINGTON (Reuters) - The White House budget update released on Tuesday still reflects a controversial Obama administration plan to combat global warming by auctioning all permits to emit greenhouse gases even though Congress has said it will give away a substantial portion to industry.

The mid-session budget review from the Office of Management and Budget estimates the government will raise $627 billion in revenue between 2012 and 2019 from a so-called cap-and-trade system requiring companies to buy permits for the carbon gases they spew into the atmosphere.
Richard Stuebi: A Tale of Two Cities
For those minds that convened in Springfield, this fear of the future has the skeptics running like lemmings back to the unrecapturable past. Here in Cleveland, a big chunk of our population sees that the present (much less the past) is truly unsustainable and is taking responsibility to invent a new and improved world for themselves: a future that indeed has a future. [maybe wind-powered cars?]
Leaked e-mail shows how GE [hopes to profit from climate fraud] | Washington Examiner
"The intersection between GE's interests and government action is clearer than ever," General Electric Vice Chairman John G. Rice wrote in an Aug. 19 e-mail to colleagues.
...
"On climate change," Rice wrote, "we were able to work closely with key authors of the Waxman-Markey climate and energy bill, recently passed by the House of Representatives. If this bill is enacted into law it would benefit many GE businesses."

Most of all, Waxman-Markey would profit a GE joint venture called Greenhouse Gas Services, which deals in greenhouse gas credits, products that have value only if a cap-and-trade bill like Waxman-Markey passes.

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