Cap-and-Trade Is Dead SOS Forests

3. February 2010 by admin.

Obama’s Secret Climate Slush Fund- Americans For Prosperity

President Obama and Budget Direct Peter Orszag have thrown transparency out the window and created a black box for taxes and spending on climate change hidden inside their 2011 budget.

February 02, 2010
By Phil Kerpen – FOXNews.com

The big news in last year’s budget release was the revelation that the Obama administration planned to use cap-and-trade to raise $646 billion dollars over ten years to finance its big spending programs. I checked in this year’s budget was how much revenue was expected from the cap-and-trade energy tax, to which the president reiterated his commitment in his State of the Union address last week. The surprising answer is the budget actually has, literally, a blank line for the cap-and-trade tax. A black box. A slush fund. A secret budget-within-the-budget. Talk about a lack of transparency.

http://americansforprosperity.org/020210-obamas-secret-climate-slush-fund

Now, how does Cap and Trade work?  Read for yourself:

How Does a Cap-and-Trade Program Work?

What is a cap-and-trade program and how does it work?
A cap-and-trade program is designed to reduce emissions of a pollutant by placing a limit (or cap) on the total amount of emissions. The cap is implemented through a system of allowances that can be traded to minimize costs to affected sources. Cap-and-trade programs for greenhouse gas emissions would increase the costs of using fossil fuels.

A cap-and-trade program is different from an emissions tax. An emissions tax is a fee on each unit of emissions released. A tax sets a price on emissions, which provides an incentive for emissions reduction, but allows the actual amount of reduction that occurs to vary.

A cap-and-trade program sets the quantity of emissions, letting the price of allowances be set in the marketplace. However, both programs ultimately place a value on emissions and provide incentives for emission reductions.

http://renergie.wordpress.com/2010/02/03/how-does-a-cap-and-trade-program-work/

In the wake of Climate Gate, this might be a tough sell:

Climategate: Cap and Trade Scam to be enforced at State Level19 hours ago by Ne!l, of the Kerslake family The climate change scam is a goldmine for them because effectively licensing CO2 emissions only drives up utility prices – the costs are passed on to the consumer and their profits soar. … Despite the fact that the carbon trading market, along with “smart meter” programs, have been exposed as slush fund scams owned by the very globalists fearmongering about man-made climate change – namely Al Gore and Maurice Strong – designed to line the pockets of habitual con men …
Climategate – http://crazationsice.blogspot.com/

In an economic downturn, how practical would any type of Cap and Trade be when it would have the effect of putting energy companies out of business, in Obama’s own words: