TAKING STEPS TO FIGHT GLOBAL WARMING.


	TAKING STEPS TO FIGHT GLOBAL WARMING.

ellington

7-3-2009 10:53 PM

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global, warming

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fadf4395-3bd5-43b9-a81e-6346006175f4/F2DD56B2-2C79-4056-8212-B42ADA171C7D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2009/07/03/opinion/l03climate.html#" href="http://www.nytimes.com/2009/07/03/opinion/l03climate.html#" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/07/03/opinion/l03climate.html#"><NYT_HEADLINE type=" " version="1.0">
Taking Steps to Fight Global Warming
</NYT_HEADLINE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/07/03/opinion/l03climate.html#"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.nytimes.com/img/E59B1889-4FC8-4D18-9CB3-B2996AA03CCA" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/07/03/opinion/l03climate.html#"><P>While it’s encouraging to see Congress taking steps to reduce global warming, the approach championed at the moment — cap and trade — is fraught with perils and ineffectiveness. The biggest drawback is the creation of a trillion-dollar market in carbon futures and derivatives, a speculator’s playground that has economic disaster written all over it.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/07/03/opinion/l03climate.html#"><P>Your admonishment to the Senate notwithstanding, the bill that was passed in the House appears dead on arrival. A simpler, more effective and politically viable option is a tax on carbon, with revenues returned to Americans through income and payroll taxes to offset higher energy costs. Such proposals have already been introduced by both Republicans and Democrats in the House, making it a solution both parties appear willing to support.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2009/07/03/opinion/l03climate.html#"><P>Come late fall, when the Waxman-Markey bill has languished in the Senate, lawmakers will see the need to move on to Plan B — the carbon tax.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F2DD56B2-2C79-4056-8212-B42ADA171C7D/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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