Monday, January 22, 2007

Logical Global Warming Initiatives?

As I wallow in the pure, undriven West Virginia snow for the last few days, and likely for the foreseeable future, I wonder: Where have all the global warming alarmists gone?

Here they are! And what's this-- market-based solutions?! The group is USCAP, and their report is called A Call to Action, which focuses on, basically, creating tradeable pollution vouchers and encouraging exchange, "generating a price signal resulting in market incentives that stimulate investment and innovation in the technologies that will be necessary to achieve our environmental goal." No really-- people that care about the environment wrote this! Don't let the logical nature of it throw you off.

From a press release from USCAP: "USCAP consists of market leaders Alcoa, BP America, Caterpillar, Duke Energy, DuPont, FPL Group, General Electric, Lehman Brothers, PG&E, and PNM Resources, along with four leading non-governmental organizations -- Environmental Defense, Natural Resources Defense Council, Pew Center on Global Climate Change, and World Resources Institute."

Of interest in the CNN article from above-- all four companies listed were down about the same percentage in the market today.

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