The House passed Waxman-Markey climate bill was co-authored by California’s Rep. Henry Waxman and Massachusetts’ Rep. Ed Markey.
The just-introduced Kerry Boxer climate bill was co-authored by California’s Sen. Barbara Boxer and Massachusetts’ Sen. John Kerry.
What do California and Massachusetts have against the rest of America?
JunkScience.com has obtained what purports to be a media release announcing Exelon Corp.’s founding of a new industry trade association, the U.S. Chamber of Rentseeking. The announcement follows in the wake of Exelon’s Sep. 28 resignation from the U.S. Chamber of Commerce because of the Chamber’s opposition to carbon dioxide emissions caps.
Chicago, IL, Sep. 28, Un-American Newswire ─ Exelon Corp., the operator of the largest fleet of nuclear power plans in the U.S., announced that it was cancelling its membership in the U.S. Chamber of Commerce to start a new group called the U.S. Chamber of Rentseeking.
“We’ve had enough of free enterprise, free markets, risk, and competition,” said Exelon CEO John Rowe. “The future, as we see it, is rentseeking ─ that is, big business getting in bed with big government in order to guarantee big profits, he added.”
Exelon quit the U.S. Chamber of Commerce because of the Chamber’s opposition to global warming regulation, including its call for a 21st century “Scopes monkey trail” over whether carbon dioxide (CO2) is a pollutant.
“We prefer the view of, say, Stanford University professor Stephen Schneider who recently told the media that there is no safe level of CO2 in the atmosphere,” Rowe noted. “Junk science is good for cap-and-trade and cap-and-trade is good for Exelon ─ we’ll make billions of dollars for doing absolutely nothing,” he added.
Under the Waxman-Markey bill that was passed by the House of Representatives in June, Rowe told Wall Street analysts that Exelon would make up to $750 million annually for every $10-per-ton increase in the price of CO2 allowances that Exelon would get for free under the legislation.
“All we need do is to sell the allowances as soon as we get our hot little hands on them and we’re in the deep green. No fuss, no muss.” observed Rowe.
“So as you can see, it makes absolutely no sense for us to belong to a group like the Chamber of Commerce that endangers such government-guaranteed profiteering,” said Rowe.
“Sure taxes and energy prices will have to skyrocket, and the American economy will take a big hit under cap-and-trade,” but Exelon’s annual profits will increase by an estimated 40 percent ─ did I mention that this is for doing absolutely nothing? In life, you have to make trade-offs. I’ve traded my principles and patriotism for unearned, windfall and government-guaranteed profits.” he added.
In the first six months of 2009, Exelon spent $2.5 million lobbying for the Waxman-Markey bill. If Exelon reaps the expected profits, its return on investment would be on the order of 30,000,000 percent.
“I can only imagine what my annual bonus will look like,” Rowe opined, “I wonder if our payroll system can handle that many zeroes?”
Asked about the new U.S. Chamber of Rentseeking, Rowe said that the first three members will be Exelon, and fellow electric utilities Pacific Gas & Electric and PNM Resources, who also quit the U.S. Chamber of Commerce this week over global warming.
“We’ll probably raid the U.S. Climate Action Partnership (USCAP) for members,” Rowe noted. USCAP is a coalition of big business and environmental activist groups that are lobbying for global warming regulation. “They’ll be eager to join us on the government gravy train.”
As a public service and because rentseeking is not yet a crime, JunkScience.com last week announced its “Carbon Criminal” WANTED poster campaign, featuring Exelon CEO John Rowe and other USCAP CEOs.
The posters may be viewed at http://www.junkscience.com/Wanted.
JunkScience.com has obtained what purports to be a media release announcing Exelon Corp.’s founding of a new industry trade association, the U.S. Chamber of Rentseeking. The announcement follows in the wake of Exelon’s Sep. 28 resignation from the U.S. Chamber of Commerce because of the Chamber’s opposition to carbon dioxide emissions caps.
Chicago, IL, Sep. 28, Un-American Newswire ─ Exelon Corp., the operator of the largest fleet of nuclear power plans in the U.S., announced that it was cancelling its membership in the U.S. Chamber of Commerce to start a new group called the U.S. Chamber of Rentseeking.
“We’ve had enough of free enterprise, free markets, risk, and competition,” said Exelon CEO John Rowe. “The future, as we see it, is rentseeking ─ that is, big business getting in bed with big government in order to guarantee big profits, he added.”
Exelon quit the U.S. Chamber of Commerce because of the Chamber’s opposition to global warming regulation, including its call for a 21st century “Scopes monkey trail” over whether carbon dioxide (CO2) is a pollutant.
“We prefer the view of, say, Stanford University professor Stephen Schneider who recently told the media that there is no safe level of CO2 in the atmosphere,” Rowe noted. “Junk science is good for cap-and-trade and cap-and-trade is good for Exelon ─ we’ll make billions of dollars for doing absolutely nothing,” he added.
Under the Waxman-Markey bill that was passed by the House of Representatives in June, Rowe told Wall Street analysts that Exelon would make up to $750 million annually for every $10-per-ton increase in the price of CO2 allowances that Exelon would get for free under the legislation.
“All we need do is to sell the allowances as soon as we get our hot little hands on them and we’re in the deep green. No fuss, no muss.” observed Rowe.
“So as you can see, it makes absolutely no sense for us to belong to a group like the Chamber of Commerce that endangers such government-guaranteed profiteering,” said Rowe.
“Sure taxes and energy prices will have to skyrocket, and the American economy will take a big hit under cap-and-trade,” but Exelon’s annual profits will increase by an estimated 40 percent ─ did I mention that this is for doing absolutely nothing? In life, you have to make trade-offs. I’ve traded my principles and patriotism for unearned, windfall and government-guaranteed profits.” he added.
In the first six months of 2009, Exelon spent $2.5 million lobbying for the Waxman-Markey bill. If Exelon reaps the expected profits, its return on investment would be on the order of 30,000,000 percent.
“I can only imagine what my annual bonus will look like,” Rowe opined, “I wonder if our payroll system can handle that many zeroes?”
Asked about the new U.S. Chamber of Rentseeking, Rowe said that the first three members will be Exelon, and fellow electric utilities Pacific Gas & Electric and PNM Resources, who also quit the U.S. Chamber of Commerce this week over global warming.
“We’ll probably raid the U.S. Climate Action Partnership (USCAP) for members,” Rowe noted. USCAP is a coalition of big business and environmental activist groups that are lobbying for global warming regulation. “They’ll be eager to join us on the government gravy train.”
As a public service and because rentseeking is not yet a crime, JunkScience.com last week announced its “Carbon Criminal” WANTED poster campaign, featuring Exelon CEO John Rowe and other USCAP CEOs.
The posters may be viewed at http://www.junkscience.com/Wanted.
In a version of the acorn not falling far from the tree, California Gov. Arnold Schwarzenegger’s totalitarian genes are starting to shine through. Continue reading Schwarzenegger = Shower Nazi?
In a version of the acorn not falling far from the tree, California Gov. Arnold Schwarzenegger’s totalitarian genes are starting to shine through.
In a New York Times article last weekend, Schwarzenegger admitted that he hounds his children about the length of their showers:
In remarks to the Commonwealth Club of California in San Francisco, where he was commemorating the third anniversary of the state’s ground-breaking law to reduce gases that contribute to global warming, the governor described growing up in Europe after World War II, when efforts at conservation were pervasive, and complained about his four children’s lack of similar discipline.
“We were taught to always switch off the light when you go and leave the room, and that you can only use water sparingly or to drink,” Mr. Schwarzenegger said. “That’s it. Not to waste any water, period. So it’s a totally different atmosphere.”
But his children are prone to taking 15-minute showers, he said.
“So I finally had to implement rules at home,” the governor said, “and tell them that if they take showers that are longer than five minutes that there will be consequences, like they will not be able to go out, where they will not be able to bring friends over, and on and on and on.”
And that is not all.
“I will sometimes spy on them when it comes to the showers and time them,” Mr. Schwarzenegger told his tittering audience. “And I told them if I catch them, there will be something built in that I have from Europe, which only allows you to take a shower for five minutes and then it turns off automatically, which they have in Europe in gymnasiums so you don’t take a shower for too long.”
Hey Arnold, you don’t have to get “something built in” from Europe. We have them here — and the seller is (or, at least, used to be) proud that the device is called the “Shower Nazi.”
When you’re the child of a Sturmabteilung (SA or “brownshirt”) volunteer, you ought to bend over backwards to suppress totalitarian tendencies.
In a version of the acorn not falling far from the tree, California Gov. Arnold Schwarzenegger’s totalitarian genes are starting to shine through.
In a New York Times article last weekend, Schwarzenegger admitted that he hounds his children about the length of their showers:
In remarks to the Commonwealth Club of California in San Francisco, where he was commemorating the third anniversary of the state’s ground-breaking law to reduce gases that contribute to global warming, the governor described growing up in Europe after World War II, when efforts at conservation were pervasive, and complained about his four children’s lack of similar discipline.
“We were taught to always switch off the light when you go and leave the room, and that you can only use water sparingly or to drink,” Mr. Schwarzenegger said. “That’s it. Not to waste any water, period. So it’s a totally different atmosphere.”
But his children are prone to taking 15-minute showers, he said.
“So I finally had to implement rules at home,” the governor said, “and tell them that if they take showers that are longer than five minutes that there will be consequences, like they will not be able to go out, where they will not be able to bring friends over, and on and on and on.”
And that is not all.
“I will sometimes spy on them when it comes to the showers and time them,” Mr. Schwarzenegger told his tittering audience. “And I told them if I catch them, there will be something built in that I have from Europe, which only allows you to take a shower for five minutes and then it turns off automatically, which they have in Europe in gymnasiums so you don’t take a shower for too long.”
Hey Arnold, you don’t have to get “something built in” from Europe. We have them here — and the seller is (or, at least, used to be) proud that the device is called the “Shower Nazi.”
When you’re the child of a Sturmabteilung (SA or “brownshirt”) volunteer, you ought to bend over backwards to suppress totalitarian tendencies.
Green groups want to use the recession as an excuse to make the Senate climate bill tougher than Waxman-Markey.
According to ClimateWire:
The problem with staying at 17 percent, environmentalists argue, is that the economic recession has made meeting the target much too easy for businesses.
According to the Energy Information Administration, carbon dioxide output is likely to decline 6 percent this year, following a 3 percent slide in 2008. In 2010, emissions will rise, but by less than 1 percent, according to the agency.
“We’re already halfway to the 17 percent target without even trying,” said Alden Meyer, director of strategy and policy at the Union of Concerned Scientists. “I don’t think many members of Congress know that.”
The strategy is not without risk though:
“The risk they run is that their whole effort could be branded as a statement of the left,” said Manik Roy, a congressional expert at the Pew Center on Global Climate Change, a think tank that backs congressional action on climate. “No matter how good the rest of the bill is, it’s going to be hard to escape that label.”
Yes, it will be hard to escape a label that rings true.
Green groups want to use the recession as an excuse to make the Senate climate bill tougher than Waxman-Markey.
According to ClimateWire:
The problem with staying at 17 percent, environmentalists argue, is that the economic recession has made meeting the target much too easy for businesses.
According to the Energy Information Administration, carbon dioxide output is likely to decline 6 percent this year, following a 3 percent slide in 2008. In 2010, emissions will rise, but by less than 1 percent, according to the agency.
“We’re already halfway to the 17 percent target without even trying,” said Alden Meyer, director of strategy and policy at the Union of Concerned Scientists. “I don’t think many members of Congress know that.”
The strategy is not without risk though:
“The risk they run is that their whole effort could be branded as a statement of the left,” said Manik Roy, a congressional expert at the Pew Center on Global Climate Change, a think tank that backs congressional action on climate. “No matter how good the rest of the bill is, it’s going to be hard to escape that label.”
Yes, it will be hard to escape a label that rings true.
In a ClimateWire article today touting the alarmist goal of 350 parts per million for atmospheric CO2, Stanford University climate hysteric Stephen Schneider made the following comment about “haggling over emissions targets”:
“We’re betting the planet. There’s no such thing as a safe level. There’s a level of very risky, versus mildly risky.
There’s no safe level of CO2? What is he talking about? If there’s no CO2, then there are no people or plants.
Maybe he’s just referring to the inverse correlation between atmospheric CO2 and sanity among alarmists.
In a ClimateWire article today touting the alarmist goal of 350 parts per million for atmospheric CO2, Stanford University climate hysteric Stephen Schneider made the following comment about “haggling over emissions targets”:
“We’re betting the planet. There’s no such thing as a safe level. There’s a level of very risky, versus mildly risky.
There’s no safe level of CO2? What is he talking about? If there’s no CO2, then there are no people or plants.
Maybe he’s just referring to the inverse correlation between atmospheric CO2 and sanity among alarmists.