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Politics : Politics of Energy
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To: Brumar89 who wrote (5496)3/1/2009 9:06:33 AM
From: RetiredNow1 Recommendation  Read Replies (1) of 86352
 
This Duke Energy guy is dead on correct about cap and trade revenues. Herein lies the biggest danger with a new source of revenues that flow to Washington. Will they use the proceeds on lowering emissions and spurring renewable energy investments and R&D? Or will the money be diverted to wholly unrelated things. Well, the answer is unequivocal. The money is ALWAYS diverted to wholly unrelated things.

If they plan to tax carbon, then they need to write it into the bill that ALL proceeds will be used either for activities that reduce carbon emissions or provide incentives for renewable energy productions or consumption. JMHO.

BTW, I read somewhere that Obama planned to use some of the money from carbon trading to pay for some help to inner city poor people. How is that related?

Anyway, I'm watching this closely. It has the potential to help spur our renewables industry, but it also has the potential to be another big ass boondogle.
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