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| Economy |
| EPA Studying Own Carbon-Trading System, Official Says |
| 2010-03-18 |
| (Bloomberg) -- The Obama administration is considering a carbon-trading system under existing law if Congress doesn't pass cap-and-trade legislation that allows companies to buy and sell the right to pollute, a U.S. Environmental Protection Agency official said today. The existing Clean Air Act "could enable us to include emissions trading" within agency regulations aimed at reducing carbon dioxide and other gases that scientists have linked to climate change, Anna Marie Wood, a senior policy analyst at the EPA, said at an event in Washington hosted by the American Bar Association. "We're considering all that right now and thinking about what might make sense," Wood said. While the agency "strongly prefers" that Congress pass new laws dealing with greenhouse gases, "we think that there's a lot of progress that can be made using certain tools under the Clean Air Act." |
| Posted by:Fred |
| #4 That $24.2 billion will then be turned so many times by a politically connected, parasitic financial class so that no trace of the destroyed wealth will remain. I don't think that wealth is there anymore. Carbon-trading will be like trying to scuttle the Titanic as it sinks. The parasitic financial class has already punched a huge hole in the commonwealth. How hard would it be for Congress to amend the Clear Air act to take CO2 and H2O away from the authority of the EPA?? |
| Posted by: Anguper Hupomosing9418 2010-03-18 15:09 |
| #3 I'm coming to a (very) reluctant conclusion that USG hates USA more than it hates Israel. |
| Posted by: g(r)omgoru 2010-03-18 08:48 |
| #2 Let's take the case of one specific coal bed. The Powder River Basin produces 440 million tons of low sulfur coal per year. The latest price is $12/ton. At 50% carbon content, one ton of PRB coal produces produces 1.8 tons CO2. At $30/ton carbon tax, the effective price of this coal goes from $12 to $67/ton, a 558% price rise. That 440 million tons will no have an extra cost of $24.2 billion. At a national average salary of $41,000 that just wiped out the wages of 590,000 American workers like they never existed. That's the economy killing effect of carbon taxes from just one location whose energy is used to produce fully 20% of the nation's electricity. Now figure the ripple effect that will have throughout the nations economy and family pocketbooks. That $24.2 billion will then be turned so many times by a politically connected, parasitic financial class so that no trace of the destroyed wealth will remain. Multiply that by the rest of the coal, gas, oil and that comes out to hundreds of billions of dollars per years raked off by the vultures that bought Obama the Presidency of these (dis)United States. They nor their children's, children's, children's, children's, children will never have to lift another finger except to deposit the fruits of the hard labor of the proles. Our enemies couldn't devise a more sinister plan than this (besides shipping all our industry, technology and jobs to totalitarian, communist, mercantile and predatory regimes) to cripple America. |
| Posted by: ed 2010-03-18 07:29 |
| #1 Here in Australia, huge increases in electricity bills are being blamed on Carbon Emissions Trading legislation that hasn't even passed yet. The Rudd government is trying to spin this away, but the meme is out there - true or not, it don't matter. Carbon trading is electoral suicide in Australia. We have 2 state elections on Saturday and we will see which way the political wind is blowing then. |
| Posted by: phil_b 2010-03-18 01:00 |