Trading Away Prosperity
Washington, D.C., January 6, 2003—This Wednesday, January 8, the Senate Commerce Committee will hold hearings on a proposal that would limit carbon dioxide emissions by U.S. industry. Supporters John McCain (R-AZ) and Joseph Lieberman (D-CT) are attempting to create a system that would require permits for the release of carbon dioxide to be bought or traded between companies.<?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” />
The so-called “cap-and-trade” scheme amounts to a regressive energy tax, levied to achieve the same ends as the Kyoto Protocol climate treaty, which calls for sharp reductions in carbon dioxide emissions in all of the developed nations of the world. The system follows the Kyoto pattern and would place an enormous burden on the U.S., despite the Bush administration’s explicit repudiation of the treaty and the lack of any scientific evidence that such emissions limits would have any measurable effect on the climate.
For comments on the emissions trading proposal, turn to the experts of the Competitive Enterprise Institute:
Energy Experts Available for Interviews
Myron Ebell
Director of Global Warming Policy
(202) 331-2256
Recently seen on: The News Hour with Jim
Lehrer (PBS), Hannity & Colmes (FNC), &
Newsnight (BBC).
Christopher C. Horner
Senior Fellow
(202) 331-2260
Recently seen on: The O’Reilly Factor
(FNC), Q & A (CNN), & Capital Report
(CNBC).
CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government. For more information about CEI, please visit our website at www.cei.org.