Waxman Markey Cap and Trade’s Biggest Losers: Chemical Plants and Chemicals
Posted June 25th, 2009 at 2:37pm in Energy and Environment 
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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.
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One Response to “Waxman Markey Cap and Trade’s Biggest Losers: Chemical Plants and Chemicals”
Reigh Gunderson Midland, MI on June 25th, 2009 at 2:37pm said:
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.