State of New Jersey passed cap and trade in 2005, RGGI pressure group key to millions at stake
- The State of New Jersey made it law in 2005 via pressure group RGGI (Regional Greenhouse Gas Initiative). Millions of dollars have already been raised and 'auctioned.' At least 9 other states have been shaken down by RGGI.
- classifying carbon dioxide as an air contaminant.
- forward with the RGGI program."...
- The taxpayers of New Jersey via their elected government, appear to promote a high powered special interest group.
- "For more information please visit http://www.rggi.org/. " (Dec. 20, 2005 press release)
- 12/20/2005: "Today’s agreement, approved by seven states (New Jersey, New York, Delaware, Connecticut, New Hampshire, Vermont and Maine)
- calls for a mandatory cap on emissions, coupled with
- a market-based trading program
- Press Release 12/20/2005 from New Jersey Office of the Governor, "(Governor) Codey Announces Landmark Regional Agreement to Combat Global Warming"
Besides the carbon dioxide permits from the Northeast’s program,
- $74 million in so-called offsets were traded last year, Point Carbon said."...
- Regional Greenhouse Gas Inititative (RGGI).
- first cap-and-trade system in the US that makes it compulsory
- or purchase more permits."...
- Nothing is actually traded in this scam, just "permits." It is the transaction itself that makes money. ed.