The Real Price of Inaction on Climate Change | Radha Adhar's Blog | Switchboard, from NRDC
After running an independent analysis E3, a network of over 200 economists, published a report that found one ton of CO2 in the atmosphere did up to $893 in economic damage in 2010. That is more than 42 times the government's higher range estimate!Higher used car prices? Thanks, Nancy - By Henry Payne - Planet Gore - National Review Online
“In our worst case, it could be almost $900 in 2010, rising to $1,500 in 2050,” states the E3 report. What is even more alarming is that government’s calculation “omits many of the biggest risks associated with climate change, and downplays the impact of our current emissions on future generations.”
“The ‘cash for clunkers’ program of two years ago sent 677,000 older vehicles to the junkyards, as their owners cashed in on a federal subsidy for buying more fuel-efficient cars,” reminds the St. Louis Post –Dispatch.Coyote Blog » Blog Archive » WTF? This is What They Mean by Oil and Gas Subsidies?
That’s because they were evil. Pelosi & Co. declared them enemies of the planet that had to be destroyed on the altar of global warming.
So obsessive were Democrats that NHTSA actually advised car dealers to replace clunkers’ motor oil with a sodium silicate solution — then run it through the engine to ruin it so that scrap dealers couldn’t resell parts. This further penalized the used parts industry during an economic recession.
Your tax dollars at work.
Seriously, nearly half the “subsidy” number is the ability of a company to use LIFO accounting on inventory for their taxes? Since the proposition is to eliminate these only for oil and gas, what is the logic that somehow LIFO accounting is wrong in Oil and Gas but OK in every other industry?REDNECK WISDOM VS THE GREEN THING « Gonzotown's Blog
(Please forward this on to another selfish old person who needs a lesson in conservation from a clever young follower of the Green Church)
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