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This is an opinion item.
Author(s)
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The Orange County Register editorial board
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Source
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The Orange County Register
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Date
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June 26, 2009
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URL
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http://www.ocregister.com/articles/energy-bill-cap-2473738-carbon-trade
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Quote
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"There wasn't enough support for a pure cap-and-trade bill, so they decided to give away credits to some groups represented by reluctant Congress members. So rural electric cooperatives, states that want to increase mass transit, algae-based biofuel producers, farmers, ethanol producers and others were granted free credits – with a market value. That process attracted a number of big businesses, like Duke Energy, Shell Oil, DuPont, Alcoa, Applied Materials and others to trade support (and the ability to advertise themselves as "green") for freebies at the expense of taxpayers."
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This item argues against the position Act should be passed on the topic American Clean Energy and Security Act.