Refinery Opposes Cap and Trade
Posted July 29th, 2009 at 4.30pm in Energy and Environment.
From the International Business Times:
Valero Energy Corp. chief executive officer Bill Klesse hopes the Waxman-Markey bill, which includes a proposal to enact a cap-and-trade system in the country, is eventually defeated when it gets into the U.S. Senate, he said Tuesday.
The executive, who leads the largest independent oil refinery in the country, said the bill would impose a “hidden tax” in the form of a cap-and-trade system. Klesse said the bill is a “huge negative” for consumers and the country, as refiners would be charged for the carbon dioxide emissions they generate and consequently pass the costs to consumers.
“Every single fuel that is produced will go up on price (under cap-and-trade),” Klesse said today during a conference call with investors. “We (Valero) are going to be very active on participation on how much this means to the consumer, to this industry and to the American Economy.”
Instead of implementing policies that restrict the supply of energy and artificially raise the prices, we should be increasing energy exploration within the United States. You can learn more and express your support at Free Our Energy.
- Author: Nick Loris
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July 29, 2009 Richard Williams, Santa Clarita, CA writes:
The “political science” of global warming/dramatic climate change resulting from human industrial activity has become the western worlds equal to Islamic radicalism. Just as children in radical Islam are indoctrinated in hate of the west - children in the west are indoctrinated in the supposed evils of industry.