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  • Waxman Markey Cap and Trade's Biggest Losers: Chemical Plants and Chemicals


    When it comes to cap and trade, Texas Congressman Gene Green asserted,

    I’d like to vote for a bill, but I’m not going to vote for one unless I think it’s going to be good for the area I represent.”

    He went on to say his district had “more chemical plants than I can count.”

    This is a problem for proponents of cap and trade, because the chemicals industry is one of the most energy-intensive industries in the United States. Since cap and trade artificially drives up the price of energy by taxing the use of carbon-emitting fossil fuels, the news is grim for Congressman Green’s chemical plants.

    According to The Heritage Foundation analysis of the Waxman-Markey cap and trade bill, over the 2012-2035 timeline, chemical industry job losses average over 25,000. By 2035, a projected 47,800 jobs are lost below the baseline – without a cap and trade bill.  There will be 32,000 fewer jobs when the emissions reductions commence in 2012.

    Cap and trade isn’t good for Congressman Gene Green’s district – or any Member’s district, for that matter. This is the definition of mutually exclusive.

    Posted in Energy [slideshow_deploy]

    One Response to Waxman Markey Cap and Trade's Biggest Losers: Chemical Plants and Chemicals

    1. Reigh Gunderson Midl says:

      Re cap & trade. Read the WSJ 6/26/09. "The Climate Change Climate Change." Global warming is NOT true. It is a scam.

      Go to http://www.icecap.us for ongoing details.

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