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Politics : Politics of Energy
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To: Brumar89 who wrote (10166)6/29/2009 9:08:45 AM
From: RetiredNow  Read Replies (2) of 86356
 
This quote from your article is worth of repetition and is why I am against this thing:
"For example, in Europe, cap-and-trade has failed to deliver on climate change. It yielded windfall profits for utilities, but few reductions in emissions or investments in clean technology."

We don't learn from others. It's very disappointing.

Oh, btw, the steel industry is still alive only because Bush subsidized it. I wonder what would have happened had he not done that? So although, I agree that a carbon tax will have a multiplier effect throughout our economy, I'm not sure the steel industry is a great example of job loss overseas, as they have other forces impacting them that would have made that inevitable without government intervention anyway.
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