This is in addition to cap and trade for industry. They’re going to ration energy at the same time while raising taxes to use it. (The bill is here.)They’re doing it in the name of global warming, but here’s the rub: CO2 doesn’t CAUSE global warming. If there’s warming, the increased CO2 occurs hundreds of years after that. Put another way, man is responsible for less than 1% of carbon emitted into the atmosphere. Of alllll the greenhouse gases only 4% is CO2 (the largest greenhouse gas is water vapor). That means only an infinitesimal amount of CO2 in the atmosphere is man made or even close.
They capping and trading (rationing) CO2 AND taxing a naturally occurring substance over which we have little or no control.
Somebody please tell them they’re about ready to blow a hole in a foundation of our economy for a lie that they’re too lazy to check out themselves.
Even the libs are admitting it now as I’ve pointed out in previous posts. Here’s a bit from Huffington post (here):
“…there is an 800-year lag between temperature and carbon dioxide, unlike the sense conveyed by Mr. Gore’s graph. You are probably wondering by now — and if you are not, you should be — which rises first, carbon dioxide or temperature. The answer? Temperature. In every case, the ice-core data shows that temperature rises precede rises in carbon dioxide by, on average, 800 years.
“…the theory that carbon dioxide “drives” climate in any meaningful way is simply wrong …
“If not carbon dioxide, what does “drive” climate? I am glad you are wondering about that. In the short term, it is ocean cycles…
“Mr. Gore has stated, regarding climate change, that “the science is in.” Well, he is absolutely right about that, except for one tiny thing. It is the biggest whopper ever sold to the public in the history of humankind.
Now for the bill. Here are a few items you need to know about:
Imposes tax on each fuel supplier and utility based on amount
of carbon in carbon-based fuel that is sold by fuel supplier to
consumers in state or that is used to produce carbon-generated
electricity supplied by utility to consumers in state.
oil or natural gas.Distributes moneys collected from tax to State Highway Fund,
Common School Fund, Energy Crisis Trust Fund and Renewable Energy
Resources Account.Creates Renewable Energy Resources Account to fund development
of renewable energy resources.
Carbon-based fuel’ means coal, natural gas, petroleum products and any other product used for fuel that contains carbon and emits carbon dioxide when combusted. ‘Carbon-based fuel ‘does not include any product used for fuel that is from a resource that is less than 1,000 years old in its natural state.
The State Department of Energy shall calculate the average amount of carbon used in the production of one kilowatt of electricity supplied by the utility by estimating the ratio that each carbon-based fuel group contributes to the generation of the electricity. Each year, the State Department of Energy shall recalculate and report to the Department of Revenue the average amount of carbon used in the production of one kilowatt of electricity supplied by the utility…
