10
Mar
09

Cap and Trade Is Not About Climate

And it never was.

Cap and Trade is really about raising taxes:

Jim Rogers is not happy with the Obama administration. Ever since the White House unveiled its costly climate program, the CEO of Duke Energy has been arguing the proposals amount to nothing more than a tax. Indeed.

After thinking their involvement in the U.S. Climate Action Partnership would save industry, minds are changing:

“People are learning,” says William Kovacs, vice president of environment, technology and regulatory affairs at the U.S. Chamber of Commerce (which has been cautious about embracing a climate plan). “The Obama budget did more to help us consolidate and coalesce the business community than anything we could have done. It’s opened eyes to the fact that this is about a social welfare transfer system, not about climate.”

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