83 CEOs Make Case for Cap and Trade
Nicolas Loris /
Calling for a necessary transition to a low carbon energy economy, 83 CEOs sent a letter to President Obama demanding movement on cap and trade legislation to create green jobs. According to the press release, “the letter was signed by 83 CEOs from some of the nation’s largest electric power, manufacturing, clean tech, technology and consumer facing companies.”
Imagine that. The politically invested companies that stand to gain the most from cap and trade and spent millions to lobby this bill through Congress want to see it passed at the expense of American energy consumers and the American economy. This is no different than Archer Daniels Midland sending a letter to the president asking for an increase in the ethanol mandate. Robert Bradley Jr. calls cap and trade the Enron Revitalization Act. He even includes a memo from Enron lobbyist John Palmisano about the Kyoto agreement to reduce greenhouse gas emissions:
If implemented, this agreement will do more to promote Enron’s business than will almost any other regulatory initiative outside of restructuring of the energy and natural gas industries in Europe and the United States. The potential to add incremental gas sales, and additional demand for renewable technology is enormous.”