Crime Inc.: What the 'Greening of America' Really Means - Glenn Beck - FOXNews.com
NEW YORK — It's a safe bet that most Americans' first exposure to the concept of carbon trading or cap-and-trade legislation came during the most recent presidential campaign when both candidates advocated the need to make protecting the environment a government mandate instead of the moral obligation it's always been. In the past few months President Barack Obama has repeatedly stated that a comprehensive energy/environmental law, including cap-and-trade, is an absolute priority of his administration.
Cap-and-Trade
Simply put, the idea behind the cap-and-trade plan is this: The federal government would set limits or cap the amount of pollutant a business could create. If the business chose to emit levels exceeding the cap they would have to find a business not using its full allotment and purchase the surplus from them. Needless-to-say, for the concept to work there would need to be a highly centralized infrastructure to facilitate the transactions, matching buyers to sellers.
The CCX: A Dream Come True?
For people like Richard Sandor and former Vice-President Al Gore the focus on "green politics" represented the culmination of years of planning and a giant step towards a massive payday.
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