How Goldman Sachs invented cap and trade

[egalitegirl]

We should demand an environmental solution for the environmental problem and not end up supporting theft by Wall Street. Theft by Wall Street is no solution.

How Goldman Sachs invented cap and trade

The new carbon-credit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.

[Buzz Clik]

2. The concept goes back decades. Al Gore was a big fan of a similar approach -- carbon credits.

[egalitegirl]

3. Carbon credits was Poppy Bush's idea

He called it the "free market solution" for the environmental problem. Gore continued it because he is part of the same establishment.

[pampango]

4. Trump and every other GOP candidate opposes cap-and-trade ('cap-and-tax') in their view.

https://ballotpedia.org/2016_presidential_candidates_on_natural_resources

No one on the campaign trail is addressing the coal mining issue but Trump. Most are too busy attacking him with bad names and making fun of his ideas. Trump is the only one who will undo the Cap and Trade Act that was never designed to help Americans, only designed to skyrocket energy costs and force coal miners out of business. Well folks, TRUMP IS A FRIEND OF COAL! He wants to restore the mining industry and make it great again. I think that is a pretty good idea!

https://themarshallreport.wordpress.com/2016/02/11/trump-wrote-crippling-america-for-a-reason-cap-and-trade-was-one-of-them/

The Regional Greenhouse Gas Initiative seems to be a function non-profit version of cap-and trade.

Regional Greenhouse Gas Initiative (RGGI, or ReGGIe) is a regional initiative by states and provinces in the Northeastern United States and Eastern Canada regions to reduce greenhouse gas emissions. The RGGI is designing a cap and trade program for greenhouse gas emissions from power plants. RGGI is a cooperative effort among nine Northeastern and Mid-Atlantic States to reduce carbon dioxide emissions from the electric power sector through coordinated state cap and trade programs. Nine states currently participate in the initiative: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. Several states and Canadian provinces act as observers: Pennsylvania, Québec, New Brunswick, and Ontario. New Jersey formerly participated, but Gov. Chris Christie removed the state from RGGI in 2011.

California also has a cap-and-trade program (linked with the Canadian province of Quebec).

https://en.wikipedia.org/wiki/Global_Warming_Solutions_Act_of_2006#Cap-and-Trade

[egalitegirl]

5. Trump opposes but not others

Trump is a crackpot and his views can be ignored but other GOP candidates SUPPORT cap and trade. It was invented by Poppy Bush.

They present us a fake fight between Democrats and Republicans in order to keep it deadlocked until they use their imperialistic tools to force the rest of the world to accept us as their rulers. Once that happens, you will suddenly see the bipartisan politicians help Goldman Sachs.

Can you explain why countries like China and India oppose the scheme? It is because they oppose our imperialism.

[pampango]

6. Trump, Cruz and Kasich all oppose it. Mike Huckabee is the only repub I could find who supports it.

Cap-and-trade, in which polluters trade a finite amount of credits for the pollution they generate, was once popular among Republicans as a market-based solution to climate change.

But it’s now extremely unpopular in the GOP. Republicans argue it would increase energy costs and unnecessarily punish certain energy sources such as fossil fuels.

http://thehill.com/policy/energy-environment/265814-rubio-fights-cap-and-trade-charges

Cruz proposed ending cap and trade during his 2012 Senate campaign.

In 2010, Kasich said that he opposed "cap and trade" limits on emissions.

In 2011, Chris Christie removed New Jersey from the Regional Greenhouse Gas Initiative (RGII), a cap-and-trade program designed to limit carbon emissions in the state.

According to her 2010 "Economic Growth Plan," Fiorina proposed eliminating cap and trade ...

https://ballotpedia.org/2016_presidential_candidates_on_natural_resources

[egalitegirl]

7. You're telling me that Rethugs oppose Goldman profiteering but Dems support it??

I have been working with the environmental movement for years and I know what is happening. The solution of Bernie Sanders is a tax which is what the solution should be. All others, both Republicans and Democrats, want cap and trade and are already invested in it.

They are just stalling for time until China, India and Russia can be manipulated into signing on to an international agreement. In reality, the two establishments are together.

What the Republicans do matters, not what they say. It is the same with Democrats. Cap and Trade is a Poppy Bush/Heritage Foundation/Goldman Sachs/Enron effort. Al Gore supports it too.

Bernie Sanders is the only one with the correct idea - a carbon tax. Such a tax should not be used to fund research but should be used to directly mitigate the effects of Climate Change.

[pampango]

8. If republicans all support cap-and-trade, why isn't it law? They control both houses of congress

and have passed all kinds of ridiculous legislation.

What the Republicans do matters, not what they say.

You would think they would have gotten around to cap-and-trade. Perhaps what they do (or don't do) matters.

I am all for Bernie's carbon tax. I am not surprised that that has not passed a republican congress.

[egalitegirl]

9. Because their plan is to control the scheme at a the world level

Their plan is to setup an international body because all their cap and trade carbon credits will have value only when foreign countries buy them from their hoard. China, Russia and India have refused to sign on to this. That is why the Democratic Party and Republican Party have pretended to have a deadlock.

Once those countries are pressured into joining in, the two parties will join hands and implement it. Believe it or not, when George HW Bush was President, Republicans supported cap and trade while Democrats opposed it! Even Greenpeace opposed it!

We need an environmental solution, not a Goldman Sachs solution.

[pampango]

10. OK. The republicans and Democrats pretend to oppose it in order to fool China, India and Russia but

they are not buying it.

We agree on supporting Bernie's solution, anyway.