Yes We Can (Pass Climate Change Legislation) By JOHN KERRY and LINDSEY GRAHAM

[kpete]

Op-Ed Contributors
Yes We Can (Pass Climate Change Legislation)
By JOHN KERRY and LINDSEY GRAHAM
Published: October 10, 2009


CONVENTIONAL wisdom suggests that the prospect of Congress passing a comprehensive climate change bill soon is rapidly approaching zero. The divisions in our country on how to deal with climate change are deep. Many Democrats insist on tough new standards for curtailing the carbon emissions that cause global warming. Many Republicans remain concerned about the cost to Americans relative to the environmental benefit and are adamant about breaking our addiction to foreign sources of oil.

However, we refuse to accept the argument that the United States cannot lead the world in addressing global climate change. We are also convinced that we have found both a framework for climate legislation to pass Congress and the blueprint for a clean-energy future that will revitalize our economy, protect current jobs and create new ones, safeguard our national security and reduce pollution.

Our partnership represents a fresh attempt to find consensus that adheres to our core principles and leads to both a climate change solution and energy independence. It begins now, not months from now — with a road to 60 votes in the Senate.

It’s true that we come from different parts of the country and represent different constituencies and that we supported different presidential candidates in 2008. We even have different accents. But we speak with one voice in saying that the best way to make America stronger is to work together to address an urgent crisis facing the world.

more:
http://www.nytimes.com/2009/10/11/opinion/11kerrygraham.html

[kestrel91316]

1. Meaningful climate legislation will not be passed as long as fundies

have a majority vote on the issue. They WANT the climate to go to hell, literally, so they can have their Jeebus come down and do the Rapture thing and then they all can sit up in heaven and gloat over how Earth is such a mess, hahaha.

I'm serious. They think Jeebus can't pull it off without their help.

[SandWalker1984]

2. Not so fast - look behind the curtain & see who profits first!

Before getting on the Cap & Trade band wagon, people should read this article, The Money and Connections Behind Al Gore's Carbon Crusade, at http://www.humanevents.com/article.php?id=22663

The article includes the following:

Whatever its impact on the environment, the cap-and-trade carbon scheme is sure to boost the economic and political prospects of people and groups that are behind it. Before the company collapsed under the weight of financial scandal, Enron under CEO Ken Lay was a key proponent of the cap-and-trade idea. So was BP’s Lord John Browne, before he resigned last May under a cloud of personal scandal. In August 1997, Lay and Browne met with President Bill Clinton and Vice President Gore in the Oval Office to develop administration positions for the Kyoto negotiations that resulted in an international treaty to regulate greenhouse gas emissions.

The U.S. Senate voted 95 to 0 not to ratify the Kyoto treaty in 1997. But that hasn’t stopped Al Gore.

Gore’s Circle of Business

Al Gore is chairman and founder of a private equity firm called Generation Investment Management (GIM). 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.

CCX owes its existence in part to the Joyce Foundation, the Chicago-based liberal foundation that provided $347,000 in grant support in 2000 for a preliminary study to test the viability of a market in carbon credits. On the CCX board of directors is the ubiquitous Maurice Strong, a Canadian industrialist and diplomat who, since the 1970s, has helped create an international policy agenda for the environmentalist movement. Strong has described himself as “a socialist in ideology, a capitalist in methodology.” His former job titles include “senior advisor” to UN Secretary General Kofi Annan, “senior advisor” to World Bank President James Wolfensohn and board member of the United Nations Foundation, a creation of Ted Turner. The 78-year-old Strong is very close to Gore.

CCX has about 80 members that are self-confessed emitters of greenhouse gases. They have voluntarily committed themselves to reduce their emissions by the year 2010 to a level 6% below their emissions in 2000. CCX members include Ford Motor Company, Amtrak, DuPont, Dow Corning, American Electric Power, International Paper, Motorola, Waste Management and a smattering of other companies, along with the states of Illinois and New Mexico, seven cities and a number of universities. Presumably the members “purchase” carbon offsets on the CCX trading exchange. This means they make contributions to or investments in groups or firms that provide forms of “alternative,” “renewable” and “clean” energy.

CCX also has “participant members” that develop the carbon-offset projects. They have names like Carbon Farmers and Eco-Nomics Incorporated. Still, other participant member groups facilitate, finance and market carbon-offset projects to “sequester, destroy or displace” greenhouse gases. CCX aspires to be the New York Stock Exchange of carbon-emissions trading.

Along with Gore, the co-founder of GIM is Treasury Secretary and former Goldman Sachs CEO Hank Paulson. Last September, Goldman Sachs bought 10% of CCX shares for $23 million. CCX owns half the ECX, so Goldman Sachs has a stake there as well.

GIM’s “founding partners” are studded with officials from Goldman Sachs. They include David Blood, former CEO of Goldman Sachs Asset Management (GSAM); Mark Ferguson, former co-head of GSAM pan-European research; and Peter Harris, who headed GSAM international operations. Another founding partner is Peter Knight, who is the designated president of GIM. He was Sen. Al Gore’s chief of staff from 1977-1989 and the campaign manager of the 1996 Clinton-Gore re-election campaign.

Like CCX, the ECX has about 80 member companies, including Barclays, BP, Calyon, Endesa, Fortis, Goldman Sachs, Morgan Stanley and Shell, and ECX has contracted with the European Union to further develop a futures market in carbon trading. What’s in it for the companies? They will benefit either by investing in carbon credits or by receiving subsidies for doing so.

Front and Center

Clearly, GIM is poised to cash in on carbon trading. 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.


The entire article is worth reading as it goes into, in depth, the whole energy credits market that the Wall Street suits are envisioning as their next big money making scheme.

I am not opposed to pollution controls and limits. We only have one planet and should treat it with more respect. However, it appears that the entire global climate control issues are being reduced down into another money making scheme for a few at the expense of the many.

It appears that the climate bills are going in the same direction as health care reform -- the debate is being shaped and controlled by those creating the very problems, the "solutions" being proposed are not going to fix the issues but will instead create more of a tax burden on working Americans and small businesses, and in the end, the corporations and profiteers (such as Al Gore & company) will be the only winners.

We Americans deserve better than this.