Not the concept itself, but rather the exact bill sitting before Congress today. The environmental group opposes Waxman-Markey because it doesn’t do enough to destroy industry, but I’ll take any opposition to the legislation at this point.
“Since the Waxman-Markey bill left the Energy and Commerce committee, yet another fleet of industry lobbysists has weakened the bill even more, and further widened the gap between what Waxman-Markey does and what science demands. As a result, Greenpeace opposes this bill in its current form. We are calling upon Congress to vote against this bill unless substantial measures are taken to strengthen it. Despite President Obama’s assurance that he would enact strong, science-based legislation, we are now watching him put his full support behind a bill that chooses politics over science, elevates industry interests over national interest, and shows the significant limitations of what this Congress believes is possible.
“As it comes to the floor, the Waxman-Markey bill sets emission reduction targets far lower than science demands, then undermines even those targets with massive offsets. The giveaways and preferences in the bill will actually spur a new generation of nuclear and coal-fired power plants to the detriment of real energy solutions. To support such a bill is to abandon the real leadership that is called for at this pivotal moment in history. We simply no longer have the time for legislation this weak. “
They’re right about the highlighted part, though they believe it for different reasons. The legislation will pass higher energy costs to consumers, your average Americans, during a deep recession in which they’re already having difficulty keeping up with the bills. As Ed Morrissey says, cap-and-trade is a tax.
Cap-and-trade is a tax, one imposed through an artificial scarcity model onto an industry that drives the economy. The AP reports the CBO and EPA cost estimates without mentioning that those predictions only cover the actual mechanical costs of cap-and-trade. They do not predict the economic impact on American families from the loss of economic power as energy becomes more scarce and expensive. This bill will lose the US 2.5% of its GDP each and every year in the years after the first decade of implementation.
Call your representative.
Trackbacks/Pingbacks
[...] reading: The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Michelle Malkin: Cap and tax liveblog, Pt II: Pay attention to House floor games and Twisted [...]
[...] – Not Traitors? Breitbart.com: Calif. Rep. Waxman hospitalized after fainting The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! Bob Gale, Big [...]
[...] – Not Traitors? Breitbart.com: Calif. Rep. Waxman hospitalized after fainting The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! Bob Gale, Big [...]
[...] – Not Traitors? Breitbart.com: Calif. Rep. Waxman hospitalized after fainting The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! Bob Gale, Big [...]
[...] – Not Traitors? Breitbart.com: Calif. Rep. Waxman hospitalized after fainting The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! Bob Gale, Big [...]
[...] – Not Traitors? Breitbart.com: Calif. Rep. Waxman hospitalized after fainting The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! Bob Gale, Big [...]
[...] – Not Traitors? Breitbart.com: Calif. Rep. Waxman hospitalized after fainting The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! Bob Gale, Big [...]
[...] No! Lookin’ Fer Learnin’: A glimpse into Democrat sausage making. The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! MasterResource: Climate [...]
[...] No! Lookin’ Fer Learnin’: A glimpse into Democrat sausage making. The American Pundit: Greenpeace Opposes Cap-and-Trade Bill Founding Bloggers: Nothing Says Global Warming Like 59 Degrees On July 1st! MasterResource: Climate [...]