The Associated Press’s Matthew Daly reported June 15th on the Environmental Protection Agency’s new analysis of the Senate cap and trade bill introduced by Senators John Kerry (D-MA) and Joe Lieberman (I-CT). The analysis says cap and trade would cost American households cost households an average of $79 to $146 per year. But the AP fails to report on the faulty assumptions that come with the EPA analysis.

To get there, the EPA includes generous assumptions, specifically on the use of carbon capture and sequestration (CCS), the use of offsets and the increase in nuclear power. With CCS, … Continue Reading