EPA Adminstrator Is Willing To Sacrifice “Millions Of Adults And Children” For Her CO2 Fetish | Real Science
Obama’s Climate Exchange Is A Gift To GE (GE)Jackson asked the committee to consider that EPA’s enforcement of the Clean Air Act “saves millions of …adults and children” from expensive ailments that rise when “smokestacks and tailpipes” emit unrestricted amounts of pollution.She has tied the “taxing CO2″ albatross around the neck of an important anti-pollution law, and then she blames sane people for the consequences of her behaviour.
GE needs all the help it can get right now, with its stock hurtling closer towards $0 on a daily basis. The company obviously stands to benefit from infrastructure buildout, and from capturing its share of green (energy) dollars. The more wind-turbines we erect, the better for GE.
But there’s a nexus between its green ambitions and its finance unit in the form of a new venture called Greenhouse Gas Services, which will facilitate the trade of carbon tax credits.
Thus as Tim Carney* notes, GE has been lobbying heavily for a cap-and-trade system, rather than a straight tax system which wouldn’t require a market. And of course they got their wish
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