In his July 21st article, Carbon-control bill faces steep hill in Senate, Associated Press reporter Charles Babington makes it sound like nothing but good will come from a bill that prices carbon dioxide. Discussing last year’s Waxman-Markey bill Babington writes, “The House voted 219-212 last year for a “cap and trade” energy plan. It would create economic incentives to limit heat-trapping gases from power plants, vehicles and other sources.”

These economic incentives are nothing more than crony capitalist handouts given to large corporations. The incentives are subsidies, loan guarantees, tax credits, and regulations. In the free … Continue Reading