Friday, 16 October 2009

Climate-Fiction and Cap and Trade

Roy Innis and Paul Driessen on Cap and Trade:

This is not wealth creation. It is a massive wealth transfer — from hydrocarbon users to carbon traders, nonhydrocarbon energy industries, bureaucrats, activists and other preferred groups. Poor families could get "energy welfare" payments, to offset some added costs, but small businesses and middle class families would get hammered.

Do read the whole thing.