There's Gold in that thar Cap n' Trade thingy.
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There's Gold in that thar Cap n' Trade thingy.
Chicago Climate Exchange Has Important Partner: Sen. Richard Lugar
A greenhouse gases trading system funded with the help of then-Illinois State Sen. Barack Obama would appear to have another prominent supporter, Indiana Sen. Richard Lugar, the ranking Republican on the Senate Foreign Relations Committee, who was also one of the system's earliest clients.
Three years ago, Lugar, who grows corn, soybeans and trees on his family's 604 acres of property in Marion County, Ind., became the first farmer in his state to sign up with the new commodity market called the Chicago Climate Exchange, which is likely to play a major role in President Obama's $650 billion cap-and-trade initiative. In the process, Lugar became what the exchange called an offset producer, entitling him to a financial reward in return for keeping his part of his property untouched.
Lugar, who was chairman of the Foreign Relations Committee at the time, not only participated in the Climate Exchange program. He also endorsed it in its promotional advertising, an endorsement that could prove significant as climate change legislation, which was introduced last month in the U.S. House of Representatives, moves forward as an Obama Administration priority.
http://www.foxnews.com/politics/2009/05/06/chicago-climate-exchange-partner-richard-lugar/
SamCogar- Number of posts : 6238
Location : Burnsville, WV
Registration date : 2007-12-28
Re: There's Gold in that thar Cap n' Trade thingy.
650 billion, my hinny. Try $900 Billion dollar in additional taxes, probably even more.
Cato
Cato
Cato- Number of posts : 2010
Location : Behind my desk
Registration date : 2007-12-28
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