Costing Out Cap-and-Trade
Posted by Jim Harper
Last week, the Congressional Budget Office issued a cost estimate for H.R. 2454, the American Clean Energy and Security Act of 2009. The bill would establish not one, but two “cap-and-trade” programs designed to limit the release of undesirable gasses into the atmosphere. “Cap-and-trade” is when the government limits (“caps”) the emissions of greenhouse gasses [...]
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Would a President Obama Bankrupt the Coal Industry?
Posted by Jim Harper
The Internets are seeing much ado today about some remarks Democratic presidential candidate Barack Obama made early this year on coal and greenhouse gasses. A snippet is in the video at right. (Ignore the red captions and exclamation marks – if you can!!!!) Senator Obama describes a carbon cap-and-trade system pretty accurately. He concludes with [...]
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