Someone else noticed this. Thanks. Keep up the good work Ken.
"Cap & trade was a deal by which certain corporations -- primarily Enron -- could gain an enormous new profit center, while others were provided political cover to support climate action under the guise of a "free market" solution. By splitting the monolithic bloc of private sector opposition, EDF and others hoped to cobble together a power base strong enough to overcome the oil/auto axis."
Big environmental orgs in bed with industry lobbyiists? Yep. NRDC does this too. Pushing nuclear power, "clean" coal fictional CCS (carbon capture and sequestration, pumping the CO2 from coal diwn old oil wells), and fuel farming, next step tree to gas guzzler fuel.
Meanwhile orgs we donate to and support settle for tiny incremental, usually fictional gains in government policy. Small percentage reductions by 2050 or some such utter nonsense. Delay at all costs by industry lobbyists.
The incrementalist approach lends itself to cap and trade corruption, and not just from the obvious "free" market trading side.
The cap, put in place by a green government, has every possibility of being raised by a GOP administration. Any number of "trifecta" (as in the bush trifecta) type emergencies could provide an excuse.
Enron and Phil Gramm and the enron loophole all clustered behind the effed up cap and trade notion? It's a distinct possibility.
Gore's excellent carbon tax/income tax cut for middle and lower income families is the best way to price carbon.