Friday, September 25, 2009

EPA’s ‘cow tax’ possibilities killed for at least a year | The Daily Republic | Mitchell, South Dakota
The natural and gaseous emissions of cattle produce approximately 5.5 million metric tons of methane per year — or 20 percent of U.S. methane emissions — according to EPA estimates.
[Left-winger Bill Maher: Not happy]
Can we get out of Iraq? No. Afghanistan? No. Fix health care? No. Close Gitmo? No. Cap-and-trade carbon emissions? No. The Obamas have been in Washington for ten months and it seems like the only thing they've gotten is a dog.
The Possibility of Carbon-Trading Fraud Elbows Into Senate Climate Debate - NYTimes.com
"Cap and tax is going to be a recipe for green-collar crime, for greed and for abuse," declared Sen. John Barrasso (R-Wyo.) last week. "I'm very concerned that any 'cap and tax' scheme is simply going to benefit the same Wall Street elite who got us in this financial mess we're in today."
...
But a deep well of skepticism has emerged in the Senate about whether the same environmental program should be applied to a far bigger carbon market.

"I assure you, with trillions of dollars roaming around, there are hucksters all over this world that can figure out a way to benefit," Sen. Bob Corker (R-Tenn.) told his colleagues on the Senate panel, suggesting offsets bought by U.S. companies could end up financing fraudulent environmental projects in other parts of the world.

The most efficient solution or a vehicle for manipulation?

Corker likens the cap-and-trade plan to the Rube Goldberg cartoons of the early 20th century. Goldberg drew complicated, byzantine machines designed to do simple tasks.

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