Earlier today we noted that a recent MIT study showed that cap and trade energy tax proposals would cost the average American household $3,900 per year. Fortunately for us, the enviro-left has not yet succeeded in leveling their energy tax on the American people. The British are not so lucky. The British Parliament passed their Climate Change Act last year, despite the fact that the government’s Impact Assessment did not accurately reflect what was in the legislation.
Well the British government recently released the corrected Impact Assessment and guess what? Cap and trade will cost British families heavily The Daily Mail reports:
Laws aimed at tackling global warming could cost every family in Britain a staggering £20,000 – double the original forecast.
Climate Change Secretary Ed Miliband admitted the bill for introducing legislation to cut greenhouse gases had soared from £205billion to £404billion between now and 2050.