Costs will rise

Costs will rise

Cry Wolf Quotes

Over the past ten months, the RGGI Cap & Trade scheme has been exposed as nothing less than a devious and deceptive tax. This is a program that has been stained by secrecy and open to exploitation by speculators looking to profiteer on the backs of ratepayers all while driving up electricity rates and contributing to the continued exodus of jobs and industry from our state.

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Americans for Prosperity New Jersey state director, Steve Lonegan.

To prejudice a narrow sector of the U.S. economy with the aim of funding a broad-based entitlement program is grossly unfair and burdensome to American businesses and consumers.

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Chamber of Commerce, The Phoenix Business Journal.

The proposed limit of two fibers...is impossible to meet....The cost of attempting to reach such a low limit would be astronomical and entirely unrealistic....The added expense would definitely force us out of business and would entail the loss of hundreds of jobs.

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John L. Rainey, President of the American Asbestos Textile Corporation.
03/15/1972 | Full Details | Law(s): OSHA's Asbestos Standard

If we take this route, we would eventually have the tools to cut carbon emissions, instead of misguided near-term initiatives like RGGI where an attempt to meet even the modest targets will only disrupt energy markets at great cost to consumers and the economy as whole. Programs to curb other GHGs can proceed such as measures to reduce methane releases from coal mines, but it is absurd to impose any meaningful limits on carbon emissions when so much of our energy comes from coal.

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From “Carbon Cap Follies” an editorial by William T. Smith, “Consultant in the field of natural resources”.

Evidence