http://blog.heritage.org/2009/05/06/green-jobs-go-gang-green/ Tue, 14 Feb 2012 06:14:34 +0000 hourly 1 http://wordpress.org/?v=3.3 http://blog.heritage.org/2009/05/06/green-jobs-go-gang-green/#comment-38737 Waxman Markey Cap and Trade’s Biggest Losers: Wood Products « Live Free Or Die Thu, 25 Jun 2009 20:14:14 +0000 http://www.foundry.org/?p=6323#comment-38737 [...] Allegedly, the forestry industry could collect paychecks from the carbon offset program. If a company believes it’s cheaper not to reduce its carbon footprint, it can pay someone else to do so. For instance, a company could pay a logger not to cut down trees, or they could pay someone to grow trees, since trees absorb carbon. The problem is, it’s highly susceptible to fraud and corruption. This has been most evidenced by the EU’s carbon trading plan. As a result, electricity prices are up, windfall profits are plentiful, and carbon reduction is negligible. Consequently, environmental groups are upset knowing businesses profit, consumers suffer, and there is no chance for environmental change. Even the Italian mafia’s getting involved. [...] [...] Allegedly, the forestry industry could collect paychecks from the carbon offset program. If a company believes it’s cheaper not to reduce its carbon footprint, it can pay someone else to do so. For instance, a company could pay a logger not to cut down trees, or they could pay someone to grow trees, since trees absorb carbon. The problem is, it’s highly susceptible to fraud and corruption. This has been most evidenced by the EU’s carbon trading plan. As a result, electricity prices are up, windfall profits are plentiful, and carbon reduction is negligible. Consequently, environmental groups are upset knowing businesses profit, consumers suffer, and there is no chance for environmental change. Even the Italian mafia’s getting involved. [...]

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