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Monday, March 01, 2010

Cap and trade shakedown already enacted in 10 northeast states

March 1 (Bloomberg) -- "The U.S. carbon market is worth $2.7 billion, environmental market analysis firm Point Carbon said.

  • That is less than 3 percent of the total value of carbon- dioxide permits in the European Union’s cap-and-trade program....

Most of the U.S. value is tied to a 10-state cap-and-trade program for power plants in the nation’s Northeast called the

the Oslo-based company said today in a statement. Besides the carbon dioxide permits from the Northeast’s program,

Offsets are emission reductions from sources such as landfills and dairy farms that are used to cancel out pollution increases at industrial sources like power plants and factories."

States are where the action is on the crime of Cap and Trade carbon trading shakedown scams and they include every kind of business.

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