We’re getting closer to an Armageddon climate policy scenario. Last week ten Democratic Senators told the President that they will not support any global warming legislation that does not protect domestic industry with carbon tariffs. This is a big step toward an economically ruinous trade war.
At issue is the $45 trillion climate question: Who’s gonna pay to green the global economy? The combustion of hydrocarbon fuels-which accounts for 85% of the world’s primary energy-is the “cause” of the global warming…
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Like a snowball that gains momentum down a steep hillside, the Waxman-Markey Clean Energy and Security Act (a.k.a “energy tax”) keeps getting bigger and fatter and more dangerous as it works its way through the Democratic caucus to a vote before the full House by the end of the week.
Consider: In only the past seven days, the text of the bill has grown by 300 pages!
Part of the added girth comes from powerful committees that have partial jurisdiction over the…
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