If you want to know what cap and trade will to do our economy, we’re living it. According to new data released from the Energy Information Administrations, United States carbon dioxide emissions are down 9% since 2007. The calculation compares the emissions of coal, petroleum and natural gas in the …
Under the Waxman-Markey cap and trade program, businesses that emit carbon dioxide and other greenhouse gases must obtain allowance permits from the federal government for every ton of carbon emissions they produce. The government issues fewer allowance permits in each subsequent year to decrease overall emissions, so the permit price …
The Waxman–Markey energy bill, which would restrict greenhouse gas emissions by creating a cap-and-trade system, was passed by the House in June and will likely be considered by the Senate soon. If this bill becomes law, gasoline prices would increase significantly in order to meet emissions limits imposed by the …
That’s what David Schoenbrod and Richard B. Stewart call Waxman-Markey in their Wall Street Journal op-ed today: As a candidate for president in April 2008, Barack Obama told Fox News that “a cap-and-trade system is a smarter way of controlling pollution” than “top-down” regulation. He was right. With cap and …
Relying heavily on the slots and roulette tables to bring in revenue, it’s no surprise this recession hit Nevada’s economy especially hard: The Silver State’s unemployment rose to 12.5 percent in July, while joblessness in especially hard-hit Las Vegas surged to 13.1 percent. It’s the highest jobless rate both statewide …
From Bloomberg: “The U.S. “cash for clunkers” vehicle trade-in program, credited with reviving auto sales and criticized by dealers for slow reimbursements, will close on Aug. 24, Transportation Secretary Ray LaHood said.” The government extended the $1 billion program into a $3 billion program and although the program is now …
Despite the growing rhetoric in favor of affordable and clean energy in the United States, the regulatory trend is moving in the opposite direction. A recent article from Platts emphasizes the increasing regulatory costs for the nuclear industry: “Benjamin Fowke, Xcel’s CFO, said in a second-quarter earnings conference call in …
I’m not critical of cap-and-trade. But it has to be used in a targeted and disciplined way, and what has happened is it’s gotten out of control.” Those are the words of former Democratic Senator and current president of the United Nations Foundation Timothy Wirth, who also mentioned, “The Republicans …
