07/23/2012 2 Comments
Heads up! If you have not been paying attention to the coming Cap and Trade auction, now is a good time to start. Ellen and I are going with friends to the Capitol on 15 August to protest CARB’s raid on our wallets. See you there.
Originally posted on Watts Up With That?:
John Coleman, founder of The Weather Channel, writes on his Facebook Page:
I will be presenting a skeptical report on the new California Cap and Trade law on the KUSI News at 6 PM and 10 PM today. It will be posted on the KUSI.com webpage shortly after it is telecast. . In connection I also did a 25-minute interview with the man leading the California citizens’ protest movement against Cap and Trade, Warren Duffy. I urge you to take the time to watch that interview. …It can be found at the top of this Coleman’s Corner page which is linked at the bottom of the KUSI Weather page. The interview I did with Lord Christopher Monckton will also be posted there by this evening.
Basically, the concept of Cap and Trade is try to force companies that produce carbon dioxide and “other greenhouse gases” to reduce their emissions or buy offsets by paying the State of California fees that the State will then (supposedly) use to offset the effects of that release of CO2 into the air. The State’s first Auction of Cap and Trade off-sets in November is expected to produce 1 billion dollars for the State. The Governor said he wanted to use this money on the high speed train project, but the State Legislature intervened and designated the money for other mass transit and related projects. Skeptics think the money will end up being applied against the State’s huge budget shortfall and end up paying the upscale wages and pensions of State Officials and employees.