Monday, August 02, 2010

American Thinker: Poison Pill: The New Senate Energy Bill
However, beneath the glaze, there's a clot of overpowering government spending and social engineering.

For example, electric vehicles are pushed via the bill's "Promoting Electric Vehicles Act of 2010." No surprise here, particularly since the government has a 61% stake in General Motors and Chevy's electro-mobile, the Volt. Besides this Act allowing the feds to spend $25 million on new electric cars for their official fleet, there's an astounding electric car welfare program. Section 2116 explains that 400,000 such vehicles will be virtually given away at low cost -- or perhaps no cost -- to people living in "selected communities diverse in population" and "demographics."
[Although no one had iPhone chargers in July 1999, that month in New York was hotter than July 2010]  - NYTimes.com
By the time Saturday ended, the average temperature for July 31 was recorded at 76 degrees, low enough to drag down the monthly average to 81.3, dooming July 2010 to second place. The Olympic-scale margin: a mere tenth of a degree.
Climate Change Capital Plans to Raise More Money, Cameron Says - BusinessWeek
Their outlook has been shaken by the failure of global talks to agree on caps for nations beyond 2012, as well as delays and oversight problems in the UN system.

“No doubt there’s some pain at the moment,” said Cameron, formerly an attorney at Baker & McKenzie LLP in London. “We’ve had to adapt. It’s extremely difficult to raise money now to deploy directly in carbon market.”

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