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Editorial: Give the cold shoulder to climate bill
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| Contributor | Jason |
| Last Edited | Jason Jul 02, 2009 02:27am |
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| Category | Editorial |
| News Date | Wednesday, July 1, 2009 08:00:00 AM UTC0:0 |
| Description | After narrow approval in the House, the so-called cap-and-trade bill to curb global warming deserves to die in the U.S. Senate.
The Waxman-Markey legislation is a huge energy tax in a thin disguise, designed to force Americans to switch to more expensive renewable energy sources. Despite its goal to drastically reduce greenhouse gas emissions, there's scant reason to believe its harsh economic penalties will affect global climate at all.
The bill would regulate everything from light bulbs to cement manufacturing and progressively restrict annual greenhouse gas emissions. Companies emitting less than their allotted tonnage could sell their excess government-issued permits to companies exceeding their limits. The convoluted scheme is backed by environmental zealots, big-government statists and favor-seeking businesses.
The environmental lobby is motivated by antagonism toward conventional economic development as much as by misplaced yearnings for a green utopia. Governmental would-be controllers see regulation of carbon dioxide as the perfect excuse to intrude into virtually every human activity because nearly everything man does emits CO2.
Many industrial interests joined the cause because they see government control as inevitable. They prefer to be at the table rather than on the menu, participating in the rule-making to influence government's distortions of the free market to their benefit. |
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