Who was the boogy man company of the Republicans and specifically President Bush were tagged with? Enron. Would you all be surprised to know that Enron was the leading company behind Cap & Trade? I know I was and how interesting their involvement in Kyoto during the Clinton years and of course our pal Al Gore who obviously learned about how this would MAKE HUGE AMOUNTS OF MONEY!
“Enron became one of the biggest corporate boosters of the Kyoto global warming treaty, which would require huge reductions in energy use by consumers and industry. According to an internal Enron memo, quoted by The Washington Post, the Kyoto treaty would “do more to promote Enron’s business than almost any other regulatory initiative outside of restructuring the energy and natural gas industries in Europe and the United States.”
In addition to all its political lobbying and contributions, Enron became a founding member of the Pew Center on Global Climate Change’s Business Environmental Leadership Council, a leading industry front group pushing the Kyoto agenda. Enron chairman Ken Lay also served on the board of the Heinz Center for Science, Economics, and the Environment, along with Fred Krupp of Environmental Defense, and former Alcoa CEO and current Treasury Secretary Paul O’Neill.
Even after President Bush decided to withdraw the U.S. from the Kyoto treaty, Enron continued to push for a domestic regulatory scheme known as cap-and-trade, whereby the government would set a cap on the total amount of carbon dioxide emissions allowed in the U.S.
It would then distribute permits or allowances to companies affected by the cap giving them the right to emit a certain amount of carbon dioxide. Those allowances could then be traded in the open market.
Enron executives believed that a cap-and-trade program would put them in a position to dominate the U.S. energy market. Electric utilities, required to reduce emissions of carbon dioxide, would be forced to switch from coal to natural gas as the only practical alternative to electricity production. As a leading trader of natural gas, Enron would be the recipient of a huge financial windfall.”
Now we have a new large company who have learned the lessons from Enron and Gore that would be GE and they are with the same PEW Foundation working for this change as Enron did http://www.pewtrusts.org/ so GE and another bunch of companies will GET RICH off mine and your blood, sweat and tears. Wall Street YES WALL STREET will be making this money off of We The People in concert with the Democrat Party…
So I am asking you all to educate yourself on the REALITY of Cap & Trade and how it will HURT your family but BENEFIT the RICHEST of our society and by all means tell everyone you know what you have learned so that they are educated as well!