Cap and Trade

BARACK PETROLEUM
Tue Jun 15 2010 19:09:43 ET

BP America President and Chairman Lamar McKay: “BP supports an economy-wide price for carbon based on fair and equitable application across all sectors and believes that market based solutions, like a cap and trade or linked-fee, are the best solutions to manage GHG emissions.” (Committee on Energy and Commerce, Subcommittee on Energy and Environment, U.S. House Of Representatives, Hearing, 6/15/10)

Shell President Marvin E. Odum: “That is why Shell supports legislating a solution to energy and climate issues as a means to create a secure U.S. energy future, reduce dependence on foreign oil and decrease greenhouse gas emissions. This requires setting a price for carbon, and we recommend cap and trade.” (Committee on Energy and Commerce, Subcommittee on Energy and Environment, U.S. House Of Representatives, Hearing, 6/15/10)

ConocoPhillips CEO James J. Mulva: “Another key element of a comprehensive energy policy should be federal action to address global climate change. As you are aware, ConocoPhillips supports passage of a comprehensive federal law establishing a clear and transparent price for carbon.” (Committee on Energy and Commerce, Subcommittee on Energy and Environment, U.S. House Of Representatives, Hearing, 6/15/10)

Reported on Drudge

This is par for the course. It is ALWAYS the large corporations that benefit the most from regulations. The government sells it as the means of 'protecting' the working class, but in reality it is the means of keeping the working class down.