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The Obama administration wants to sell pollution permits to businesses and use about 80% of the income for tax cuts for middle class Americans. It is estimated that revenues from the permits would generate about $650 billion.

As you can imagine, there is a vigorous debate between Congress and the businesses who would need these permits. The strongest opposition comes from utility companies, which are the largest group of carbon dioxide polluters in the country. In 2007, for example, U.S. utility companies released 2.4 billion tons of carbon dioxide, mainly from the use of coal.

Continue reading What are Obama's proposals for capping greenhouse gasses?

What are Obama's proposals for capping greenhouse gasses? originally appeared on BloggingStocks on Fri, 20 Mar 2009 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cap and tradeCapAndTradegreenhouse gassesGreenhouseGassesinthenewsFri, 20 Mar 2009 10:30:00 EST<![CDATA[China seeks to cap and trade the American consumer]]>http://www.bloggingstocks.com/2009/03/17/china-seeks-to-cap-and-trade-the-american-consumer/http://www.bloggingstocks.com/2009/03/17/china-seeks-to-cap-and-trade-the-american-consumer/http://www.bloggingstocks.com/2009/03/17/china-seeks-to-cap-and-trade-the-american-consumer/#commentsFiled under: , ,

chinese flagHere's the tip: It might be time to pull investments from Chinese manufacturing and export interests.

According to an Associated Press report, which features some mind numbing quotes from Li Gao, China's chief climate negotiator, it may soon become far more economically practical to manufacture products here, at home, in the good old USA.

It seems that the obviously arrogant Mr. Gao, and the communist nation that he represents, have decided that we, consumers, should bear the brunt of the expense for that nation's carbon emission load. The logic used to back this assertion, while certainly passing as logic, serves as nothing more than a spotlight on the fundamentally flawed "cap and trade" carbon emissions boondoggle that is slowly unfolding.

Continue reading China seeks to cap and trade the American consumer

China seeks to cap and trade the American consumer originally appeared on BloggingStocks on Tue, 17 Mar 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cap and tradeCapAndTradecarbon emissionscarbon footprintCarbonEmissionsCarbonFootprintchinagreenhouse gassesGreenhouseGassesinthenewsKyoto ProtocolKyotoProtocolTue, 17 Mar 2009 14:30:00 EST