House Democrats introduce carbon pricing measure
By: Zack Budryk (TheHill)
Carbon credits will work the same way as the Bunco Biden and his Republican banker buddies EIP skimmer scam. Carbon credits allows financial finaglers to peel off fees, surcharges, and commissions for doing something unproductive and unnecessary. Carbon credits are a gift to finance in the form of legalized racketeering. No doubt these starry eyed legislators envision an opportunity for insider trading and market manipulation to increase their own net worth.
Finance does not solve problems. That is not the motivation or incentive for financial activities. Finance is a parasitic activity motivated to suck off as much money as possible without killing the cash cow. The problem must persist for finance to obtain maximum benefit. Carbon credits will become another too-big-to-fail financial activity motivated to continue using carbon based fuels. Carbon credits will guarantee that fossil fuels will continue to be used to avoid a financial collapse.
Bunco Biden and his Republican banker buddies understand this. The starry eyed legislators hoping to increase their own net worth understand this.
Achieving a net-zero carbon goal (no matter how phony) will require restricting and prohibiting carbon emitting activities in the economy. What is needed to achieve net-zero carbon are the same sort of mandates and restrictions required for the pandemic. The response to the pandemic really has lowered carbon emissions. Direct data and facts from the pandemic clearly demonstrate that restrictions and prohibitions quickly and substantially reduce carbon emissions. The evidence is undeniable even though the media, experts, and political government choose to spew lies to promote a financial skimmer scheme intended to financially benefit themselves.
S E E D E D C O N T E N T
Four House Democrats on Thursday reintroduced legislation to establish a carbon pricing system in the U.S.
The bill would price carbon at $15 per metric ton of carbon dioxide equivalent, with the price increasing $10 a year. The measure’s sponsors wrote that it would reduce carbon pollution by as much as 45 percent by 2030 and net zero by 2050.
The sponsors include Reps. Ted Deutch (D-Fla.), Charlie Crist (D-Fla.), Judy Chu (D-Calif.), Anna Eshoo (D-Calif.) and Scott Peters (D-Calif.).
“The pandemic may have temporarily interrupted the scale of global carbon emissions, but we need a robust plan that makes lasting changes to our energy sector. We're proposing a market-based solution to put a price on carbon and drive the transition to cleaner energy sources. Returning 100% of the net revenue back to American families will not only cover any increase in energy costs but also give extra support to those continuing to struggle financially from the pandemic,” Deutch said in a statement Thursday.
“Congress must move forward with this popular and effective plan to curb rising emissions and address a major contributor to climate change,” he added.
The legislation was first introduced in 2019. However, the reintroduction comes after one of the fossil fuel industry’s biggest lobbying groups, the American Petroleum Institute (API), announced its backing for carbon pricing after vocally opposing it for years. The API did not endorse a specific pricing system but said it was open to a cap-and-trade plan after spearheading lobbying against such a plan under the Obama administration.
Addressing the Biden administration’s target of net zero carbon emissions by 2050, API President and CEO Mike Sommers said last week that “there’s no way it is feasible without technologies that aren’t currently in the marketplace today. We think that the best way to do that is through a market based carbon-pricing mechanism that isn’t picking winners and losers.”
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Carbon credits will create a too-big-to-fail financial system that will ensure fossil fuels will continue to be used to avoid a financial collapse. Carbon credits are a gift to finance and not a gift to the planet.
Bunco Biden and his Republican banker buddies understand this. Legislators hoping to increase their own net worth understand this. Those hoping the gain the most from carbon credits certainly don't want the public to understand this. Politicians are going to tell the chumps and suckers what they want to hear and laugh all the way to the bank.
So full of shit their eyes are brown. No way will 100% of the net revenue go back to families; and no way will it cover their increased energy costs. Politicians must think everyone is stupid.
If they can divert social security funds to cover the debt and leave IOU's; divert military funding to a border wall; divert money intended for roads to schools (sorry that was a State of Michigan one- but it is still valid); then they can damn well divert the revenue from their carbon credits to whatever crisis, or new shiny project that catches their eye.
The goal here isn't to force energy companies to go away from fossil fuels; the goal here is to reduce consumption of energy by the customer because they can't afford the cost! Energy companies will be more than happy to pass along the entire cost of the carbon tax- because that is what this is- to their customers. Think they won't? Look at the last ice storm in TX and how energy companies charged their customers that weren't on a fixed plan. They could care less if everyone freezes.
As for the politicians, Nerm_L is right; they are going to increase their own wealth off this boondoggle by investing in companies and getting jobs on their boards that their high stakes campaign contributors start. Just like with insurance, once you make something mandatory to the consumer the price will explode. Companies love having a captive customer that is forced to buy their product. They can charge whatever the hell they want. Just like the insurance companies were involved with the writing of the PPACA; I am sure green companies that will provide this new carbon credit (really an offset) service will have their finger prints all over this bill.
In a word: YES! And the public repeatedly prove the politicians correct.
That is correct. Carbon credits are just another financial scheme to exploit consumers for a skim. The financial fees, surcharges, and commissions guarantee that the money won't be returned to consumers. But, then, people actually believe credit card bonuses give them something for nothing, too.