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  • Some Truth in Copenhagen

    The global-warming economics coming out of Washington doesn’t match the global-warming economics of Copenhagen. For instance, according to Senator John Kerry (D-MA) cutting CO2 creates jobs and stimulates the economy. At least that’s what the press release describing his cap-and-tax legislation claims. But in Copenhagen this view of economics gets … More

    Senator Lieberman’s Honest Quote on Cap and Trade

    Senators Lieberman, Graham, and Kerry have come forward with a bold, new proposal on global warming… or not. Here is Senator Lieberman’s description of the “new” proposal: “You remember the artist formerly known as Prince?” Lieberman said. “This is the market-based system for punishing polluters previously known as ‘cap and … More

    Heritage Comments on the CBO Brief: “The Costs of Reducing Greenhouse-Gas Emissions.”

    On November 23, 2009 the Congressional Budget Office issued “Economic and Budget Issue Brief: The Costs of Reducing Greenhouse-Gas Emissions.” This brief echoed many of the points The Heritage Foundation has made in its reports, WebMemos, blogs and our responses to a request from Henry Waxman (D-CA), chairman of the … More

    EPA’s Economic Analysis of the Boxer-Kerry Cap and Trade Bill

    “Second verse same as the first, a little bit louder and a little bit worse.” This is the basic theme of the EPA’s analysis of the shrouded Boxer-Kerry Bill (S. 1733). Given just 12 days to analyze the Boxer-Kerry climate bill (that others were not allowed to review), the EPA … More

    California's Energy Policy Not Responsible for Reduced Consumption

    A study out of Stanford analyzes factors that lead to California’s lower per-capita electricity consumption. Proponents of regulation and cap and trade often point to the “success” California has had reducing per-capita electricity consumption (Note the reduction is relative to per-capita consumption in the rest of the U.S.). The study … More

    Subsidized Green Jobs Destroy Jobs Elsewhere

    Government expenditures are not free. Economists know this and most others recognize it when they take the time to think about it. Unfortunately, it seems not everybody takes that time. In a story fit for satire in The Onion, a renewable energy research group, bankrolled by a $1.1 billion subsidy … More

    Cap and Trade’s Bait and Switch

    This morning we reported on a recently-leaked document from the G20 Climate Finance Experts Group detailing that while Congress has promised to give Waxman-Markey’s energy tax revenues to Americans, Obama administration negotiators are promising to give that very same money to the governments of China, India and a host of … More

    Cap and Trade's Effect on Diesel Prices

    Do you drive a truck or a farm tractor? If not, do you use any products grown on a farm or shipped by truck? Well, here’s some news: The Waxman-Markey energy tax bill will make all those products more expensive. By artificially restricting use of fossil fuels (which provide 85 … More

    How Cap and Trade Affects the Health Care Debate

    The Waxman-Markey energy tax plan will have all sorts of unwanted side effects. As the healthcare debate ramps up, it’s worth noting problems misguided global warming legislation can generate for medical care. Though it would be nearly impossible to trace all the impacts of higher energy costs on medical services, … More

    Time vs. Truth When it Comes to Cap and Trade

    “In fact, they’re all but lying.” Those are pretty strong words to be used in a national news source, especially one that aspires to be an arbiter instead of an advocate. So, it is disappointing that Time magazine would make that statement either in clear ignorance of the facts or … More