What is Digg?8 Comments
- Mooja, on 12/12/2008, -0/+12Rare dose of reality from ABC news mass media outlet.
- cardgame, on 12/12/2008, -0/+11so it seems. good to see.
- existing, on 12/12/2008, -0/+8I've got to hand it to Ms. McCaskill. She recognizes the same thing that those of us, who have been warning about Gore and his minions, have recognized. Which in this instance is the harm that cap-and-trade policies will do to the United States and to the people.
What's not mentioned is how Gore is set to cash in on his new industry with GIM, Generation Investment Management, a private equity firm of which Gore is chairman and founder. From "The Money and Connections Behind Al Gore’s Carbon Crusade" by Deborah Corey Barnes 10/03/2007 (link provided below):
"According to Gore, the London-based firm invests money from institutions and wealthy investors in companies that are going green. “Generation Investment Management, purchases -- but isn’t a provider of -- carbon dioxide offsets,” said spokesman Richard Campbell in a March 7 report by CNSNews. GIM appears to have considerable influence over the major carbon-credit trading firms that currently exist: the Chicago Climate Exchange (CCX) in the U.S. and the Carbon Neutral Company (CNC) in Great Britain. CCX is the only firm in the U.S. that claims to trade carbon credits. " ... "The membership of CCX is currently voluntary. But if the day ever comes when federal government regulations require greenhouse-gas emitters -- and that’s almost everyone -- to participate in cap-and-trade, then those who have created a market for the exchange of carbon credits are in a position to control the outcomes. And that moves Al Gore front and center. As a politician, Gore is all for transparency. But as GIM chairman, Gore has not been forthcoming, according to Forbes magazine. Little is known about his firm’s finances, where it gets funding and what projects it supports."
http://www.humanevents.com/article.php?id=22663
And the following from "Al Gore’s $100 million carbon empire - Al Gore's financial investments are linked to his “global warming” campaign" by Larry Farnsworth, August 15, 2008 (Link provided below):
"The Heritage Foundation estimates that annual job losses could exceed 500,000 before 2030 and the average household would pay an additional $467 per year for electricity or natural gas if a cap-and-trade bill passes. By contrast, firms like Generation Investment Management (GIM) should prosper. Gore and his GIM co-founder David Blood, a former official at Goldman Sachs, also are proponents of “carbon offsets,” another pseudo-market concept. According to this proposal, individuals, businesses, and institutions can mitigate their own carbon emissions by buying “offsets” on a market exchange like newly-created Chicago Climate Exchange (CCX). They pay a levy that is supposed to fund renewable energy sources. Gore was recently embarrassed over his advocacy for carbon offsets when it was revealed that his own Tennessee mansion used about 221,000 kilowatt hours of power, more than 20 times the national average."
http://www.westernstandard.ca/website/article.php? ... - existing, on 12/12/2008, -0/+6You're right, le0pardess. Ms. McCaskill should be applauded for her honesty.
- le0pardess, on 12/12/2008, -0/+5Dugg for Senator McCaskill speaking forwardly.
FTA: 'I'm Not Big on Buying People Off'
Consumer cost is not McCaskill's only concern. - 140Suffolk, on 12/12/2008, -0/+2Did that article say opponents "worried" cap&trade would raise the cost of fossil fuel generated electricity? Worried? The whole point of it is to raise the price of fossil fuel generated electricity. To punish utilities for generating it. To punish YOU for buying it. Bad utilities! Bad, bad Americans!
And to force you to use less. And force utilities to generate electricty from other sources. But what if there ARE no other sources? - WhatBubbaKnows, on 12/13/2008, -0/+1Rare, indeed.
- 140Suffolk, on 12/12/2008, -1/+2Solar/wind are waaaay more expensive that fossil fuel. Why? Cause you spend millions building the plant. Then it only makes electricity SOME of the time. The fact is, we don't have a way to store the electricity. So these multi-million dollar plants would only work during the sunny/windy days. Where do we get electricity the rest of the time? THAT'S why it's expensive.
Cause we still need coal or oil generated electricity.
It's as if you had to buy two cars. One for daytime and one for night. Most of your auto expenses would be double, cause you were keeping up two cars.
When some genius figures out how to make batteries that are ten times as good as the ones we have today, it will be different. Until then alternative energy really means very, very expensive.
Or it may mean ration books. Remember when Obama said this:
"We can't drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times ... and then just expect that other countries are going to say OK"
Think that was just talk? Maybe. Or maybe he won't let you keep your house at the temperature that you want.
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