Wheeling & Dealing for Cap'n Trade Votes
After reading this, I feel like the entire country, me included, could use a good shower:
To get votes, Waxman offers cap-and-trade breaks
In exchange for votes to pass a controversial global warming package, Democratic leaders are offering some lawmakers generous emission “allowances” to protect their districts from the economic pain of pollution restrictions.
Rep. Gene Green, D-Texas, represents a district with several oil refineries, a huge source of greenhouse gas emissions. He also serves on the House Energy and Commerce Committee, which must approve the global warming plan backed by President Barack Obama.
Green says Rep. Henry Waxman, D-Calif., who heads the panel, is trying to entice him into voting for the bill by giving some refineries favorable treatment in the administration’s “cap and trade” system, which is expected to generate hundreds of billions of dollars over the coming years. Under the plan, companies would pay for the right to emit carbon dioxide, but Green and other lawmakers are angling to get a free pass for refineries in their districts.
“We’ve been talking,” Green said, referring to a meeting he had with Waxman on Tuesday night. “To put together a bill that passes, they have to get our votes, and I’m not going to vote for a bill without refinery allowances.”
Naturally, Waxman denies this is happening.
“That is what the Republicans are saying, but that is not accurate,” he said. The bill left out specifics on allowances “in order to be able to have discussions on how best to ease the transition for various geographical regions and ratepayers.”
Notice, however, that Rep. Green is a Democrat.
Even some environmentalists are taking a critical second look at cap-and-trade, wondering whether we will end up with a dirtier environment after the program is enacted because the dollars involved are so massive that there will be closet deals, fraud and waste.
If the command-and-control environmental policies of other socialist countries are an indication, you bet.
Labels: Cap and Trade, Congressional Follies
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