For all of Cap & Trade’s lofty prose designed to seduce the typical college-aged individuals who haplessly supplant thinking in favor of feeling, this proposed legislation is not virtuous. It is purely destructive. It is not unlike the Kyoto Treaty which was the pathological environmentalist’s dream come true until President Bush (41) was elected and refused to sign it. The Kyoto Treaty would have relegated sovereign nations to the control of other Kyoto-bound nations by ceding control of carbon dioxide (CO2) to the collective signator nations. Thus, all CO2-generating activity would be controlled by the Kyoto nations. This would have been fatal to the United States because almost everything generates CO2.
The Cap & Trade bill is another swipe at the control of CO2, not because of legitimate environmental concerns, but because he who controls CO2, has unlimited power to regulate every facet of life. But there is an even more vile motive for its passage; a motive which is particularly reviled by the purist environmentalist . . . money . . . billions of dollars in payoffs.
Carbon Credit Billionaires
As indicated, in the post discussing Cap & Trade, the emitting business must purchase enough carbon credits to get it through each year, or shut down operations for the balance of the year. But from whom must it purchase these fictitious, intangible units of nothing called carbon credits? Well, that’s where things get interesting. Al Gore is predicted to be the world’s first “carbon credit billionaire” because he owns one of the largest carbon credit clearing houses.
Two high-profile members of the U.S. Congress are heavily invested in the sale of carbon credits as well. Thus, they have a vested interest in passing Cap & Trade. In fact, their enterprises are worthless unless government enacts Cap & Trade. Some would argue that a conflict of interest arises when legislators have a pecuniary interest in seeing that Cap & Trade is passed. No matter your position on Cap & Trade, when our nation’s lawmakers consider legislation, their primary concern should not be their own investments. In fact, it is disconcerting that these particular investments — the carbon trade industry — in an industry which cannot even exist in the absence of Cap & Trade becoming law, have even been made prior to Cap & Trade’s enactment.