Calls H.R. 2454—the Waxman-Markey bill “a monstrous absurdity...less than worthless!”
James Hansen, the rogue NASA researcher largely responsible for the “Global Warming” hysteria, rakes the “climate” bill over the coals
Excerpt from James Hansen’s statement:
It didn't take long for the counterfeit climate bill known as Waxman-Markey to push back against President Obama's agenda. As the president was arriving in Italy for his first Group of Eight summit, the New York Times was reporting that efforts to close ranks on global warming between the G-8 and the emerging economies had already tanked…
This requires nothing less than an energy revolution based on efficiency and carbon-free energy sources. Alas, we won't get there with the Waxman-Markey bill, a monstrous absurdity hatched in Washington after energetic insemination by special interests.
For all its "green" aura, Waxman-Markey locks in fossil fuel business-as-usual and garlands it with a Ponzi-like "cap-and-trade" scheme…
The fact is that the climate course set by Waxman-Markey is a disaster course. Their bill is an astoundingly inefficient way to get a tiny reduction of emissions. It's less than worthless, [Emphasis mine] because it will delay by at least a decade starting on a path that is fundamentally sound from the standpoints of both economics and climate preservation.
Here are a few of the bill's egregious flaws:
•It guts the Clean Air Act, removing EPA's ability to regulate CO2 emissions from power plants.
•It sets meager targets -- 2020 emissions are to be a paltry 13% less than this year's level -- and sabotages even these by permitting fictitious "offsets," by which other nations are paid to preserve forests - while logging and food production will simply move elsewhere to meet market demand.
•Its cap-and-trade system, reports former U.S. Undersecretary of Commerce for Economic Affairs Robert Shapiro, "has no provisions to prevent insider trading by utilities and energy companies or a financial meltdown from speculators trading frantically in the permits and their derivatives."
•It fails to set predictable prices for carbon, without which, Shapiro notes, "businesses and households won't be able to calculate whether developing and using less carbon-intensive energy and technologies makes economic sense," thus ensuring that millions of carbon-critical decisions fall short.
End Hansen Excerpt.
To read the complete Hansen article go to this link.
My, my. A falling-out amongst thieves.
Even the most rabid climate-change lunatics are demonizing H.R. 2454, the so-called Waxman-Markey or Cap-and-Trade, (more like Graft-and-Tax), bill as an abomination.
For more on Hansen and global-warming go to this link.