Once the electorate was made to realize that cap-and-trade bills (Lieberman-Warner, Waxman-Markey, etc.) were actually taxes on fossil energy, cap and trade became political poison. So it is surprising that an explicit tax on fossil energy is now being pushed in Washington. The hope among carbon-tax proponents is that they …
Senate Rejected an Economic Disaster Bleak Cap and Trade Future: EPA Administrator Lisa Jackson said she planned to move the country toward a “carbon constrained future.” Any scheme, whether cap-and-trade or a carbon tax, that raises the price on carbon dioxide will raise energy costs while generating enormous sums of tax …
President-elect Barack Obama has a number of challenges to tackle when he takes office in January. One of his promises is to change the weather — by addressing global climate change. While only Congress (or the EPA) can implement an economy-wide cap-and-trade policy, Obama would surely sign the bill. In …
The U.S. Department of Energy officially submitted the license application to build a nuclear waste facility at Yucca Mountain in Nevada earlier this week. A strong supporter of the Lieberman-Warner carbon-capping bill, Majority Leader Harry Reid (D-Nev.) was incredulous, telling reporters: “Yucca Mountain is as close to being dead as …
Those urging Congress to pass the Lieberman-Warner bill say it would slow global warming by capping carbon dioxide emissions. However, more and more studies — from Massachusetts Institute of Technology, Charles River Associates, The Heritage Foundation, even the Environmental Protection Agency — predict severe consequences in higher energy costs for …
