Governor Lynch, in signing a bill that adds New Hampshire to the Regional Greenhouse gas initiative, has just saddled us with a cap and trade emissions scheme not all that different from the one the EU has used for several years. So what you ask? Well, Cap and trade makes energy more expensive. It also enriches large entrenched providers, while crippling competition by placing smaller energy companies against a fiscal brick wall, and putting an economic bullet in their heads. All in the name of reducing CO2–which it has yet to do anywhere it has been tried, and for the purpose of reducing global warming–in a decade in which the global mean atmospheric temperatures have not been rising despite massive increases in Global CO2.
Can’t balance a state budget….let’s try cap and trade!
Take a look at just how bad this idea is…
