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Date published: 11/13/2009
Watch out: Cap-and-trade bill will cost you
It's been a remarkably contentious few months But one thing is clear from the flurry of bills, amendments, and stump speeches on climate change: Cap and trade will fail Americans, especially in the lower and middle classes, and bring higher fuel costs across the board. The fuels that individuals and businesses use every day--gasoline, diesel, and jet fuel--will increase dramatically in price under this legislation. Despite the number of bells and whistles attached, from green power subsidies or weak nuclear power amendments to minor offshore drilling concessions, cap and trade is a toxin that will spread to every corner According to a study by the American Petroleum Institute, Virginians would be looking at a 3.3 percent drop in per capita disposable income, 54,000 jobs lost, and $263 billion in lost state revenue. Though the White House and its allies in Congress have relentlessly marketed cap and trade as the ticket Virginians must stay on guard; this issue is far from dead. Join us in continuing to urge Sens. Mark Warner and Jim Webb to stop cap-and-trade legislation and keep America moving on the transportation fuels it needs. Pete Sepp Alexandria The writer is vice president for
while America burns....
The Waxman-Markey cap-and-trade energy bill requires a federal declaration of a “climate emergency” if greenhouse gas levels reach 450 parts per million. Pacific Northwest National Lab says it is a virtual certainty that level will be reached within a few months. The bill then requires the president to “direct all Federal agencies to use existing statutory authority to take appropriate actions...to address shortfalls" in lowering greenhouse gases. Think about that last sentence. No limits on political power
Nothing more reliable than data from the Am. Pet. Institute when it comes to getting the facts about the impact of a bill designed to reduce fossil fuel emissions and reduce our dependency on petroleum.
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