On October 7, hordes of business executives prepped at the White House and then descended on (ascended to?) the Congress in support of climate change legislation. The thrust of their presentation was that cap and trade would stimulate the economy — particularly the economies of the companies for which they work.
Without even getting into dubious economic stuff, who would benefit financially or politically, or whether United States enactment of climate change legislation is needed to help President Obama confirm his humble place on the world stage, a useful preliminary question is whether any climate change legislation would have a beneficial impact on, well, the climate. Read more.
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