Skip to comments.EMISSION: IMPOSSIBLE (NY Gov Spitzer Plan To Force Power Plants To Buy "Credits" For Emitting CO2)
Posted on 11/24/2007 2:18:58 PM PST by lowbridge
Gov. Spitzer's boast last week that power plants will soon have to pay for the right to emit carbon dioxide is just the latest sign of his unseemly obeisance to over-the-top environmentalism.
Spitzer told Congress how New York has joined 10 northeastern states in a Kyoto-style project called the Regional Greenhouse Gas Initiative (RGGI), meant to combat global warming.
In 2009, these states will force power plants to buy CO2 "allowances," which will be traded on the open market.
Plants will have to get one credit for each ton of CO2 they emit. The supply of credits, to start, will be capped at 64 million - the average annual power-plant emissions in New York from 2002 to 2004. The figure will then drop slightly each year, for a 10 percent cut by 2019.
The plan's flaw is its goal: It's designed to boost electricity costs - and even force some plants to close.
(Excerpt) Read more at nypost.com ...
I think this is a good thing. The wealthy leftwingers in NY SHOULD provide the leadership in reducing American greenhouse gas emissions. Afterall, they’ve got the money, and the rich should pick up the tab for this.
Man,the guy just doesn’t know when to quit.I predict recall in his future if he keeps on like this.
I don't know about unseemly obeisance, but after the license fiasco now he embarks on this? I think the guy is certifiable!
>> I predict recall in his future if he keeps on like this.
What, you don’t think jacking up electric rates and helping businesses to fail (or leave NY!) will endear him to the voters? :-0
My oh my, who is going to profit?
Business flees NY because of exhorbiant power price.
Nuclear plants to be charged penalty for cooling water discharge.
Even though I share your sentiments about the NY state rats, this initiative is a bad idea. This initiative is a trial run for the entire country. The Colorado governor is doing a similar thing. If carried to completion, these initiatives will drive electricity rates much higher, leading to price controls and shortages. The initiatives of course will not reduce CO2 levels or change the climate but they will make the rats feel powerful.
And who will pay the bills ultimately?????? The Taxpayer....Brilliant.
We need to invest in insane asylums.
Yes it will boost costs — and that will be the acid test for the whole global warming boondoggle. Most people actually seem to believe that no sacrifices would be required to meet the Kyoto requirements — or the much more draconian ones to come. Maybe switch to curly-Q light bulbs — or make their neighbour trade in his SUV for a hybrid — but, nothing that would actually cost them anything. When prices at the pump and the plug go up — expect a serious backlash.
|Taxes and fees don't hurt the rich - they keep you from becoming rich|
You can bet Spitzer and his cronies are part of this food-chain.
Who funded the election of Gov. Spitzer?
OMG.... This guy has lost it totally.
We have some of the highest electric rates in the country.
Niagara Falls is 5 miles from my house, go figure.
The Huntley plant is across the river and Pataki promised them over 1 Billion in reconstruction funds.
Time to move.
Let them wallow in their mire. The higher taxes are in NY, the less they will clamor for higher federal taxes.
>> This initiative is a trial run for the entire country. The Colorado governor is doing a similar thing. If carried to completion, these initiatives will drive electricity rates much higher, leading to price controls and shortages.
If implemented at the federal level, we’re screwed.
But, if implemented regionally, it’s a great way for the liberal a$$clown state governors to drive businesses and population out of their states.
If I were the governor of a Southern state, I’d be running full-page ads in NY and CO papers. “Your governor is an idiot! Bring your business to __! We won’t impoverish you with carbon-credit taxes in the name of enviro-weenie polical correctness!”
I wonder how many burned out Michigans we’d end up with before the “brave pioneers” wise up and repeal their stupid programs.
Glad I don’t like in New York, would they tax me when I had some Mexican?
NEWSWEEK: AL GORE NOW WORTH MORE THAN $100 MILLION
[Since 2000, according to published reports, the former veep has transformed himself from a public servant with around $1 million in the bank to a sparkling private consultant with a net worth estimated to be north of $100 million. Hes a senior adviser to Google, a board member at Apple and now a newly minted general partner at Kleiner Perkins Caufield & Byers, the Silicon Valley venture-capital firm that made billions investing early in Netscape, Amazon and Google.]
Why doesn't he just go ahead and try nationalize the power companies right away?
New York isn't a separate nation?
Does spitzer know that?
Not while the inmates are running them.
Yeah....make those VOTERS PAY!! HAHAHAHAHHA....that’s what they get.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
The objective of this plan is to make lighting, heat, air conditioning, refrigeration, hot water, televisions, radios, computers, and everything else that uses electricity utterly unaffordable to increasingly large segments of the middle classes and unfathomable to rapidly increasing poor and destitute classes. Electricity in the very near future—certainly in four years—will become a luxury, and the overwhelming majority of the people will need to learn to live without it. Even for the affluent, electricity supplies will become erratic and unreliable. These trends will lead businesses that use electricity to increase prices drastically while decreasing availability of their products while dropping jobs and wages. We’re all getting much poorer very quickly beginning in 2009.
The owners of the power plans should all get together and tell the govenor to go phuck himself and shut the power plant completely down. See how many minutes they'll remain offline before the Govenor comes screaming like a little beeotch stop his tax!
A government enforced SCAM. How quaint.
It appears that folks have begun to realize that the emperor has no clothes.
From here, it looks like Schumee has distanced himself from Hillary.
So....is that what the bailout for the Subprime mess is really going to look like? I wonder where all the $$ from this is really going.
These people seriously believe that they can command the earth’s movement.
I doubt that dramatic increases will happen that fast. In Colorado, commercial users will bear the brunt of higher rates shielding residential customers. The rats will tout job gains in their energy economy and find scapegoats for job losses in other parts of the economy. The rats are pushing hard to nationalize this CO2 nonsense to prevent conservative states from making the liberal states look bad. We need a conservative president to stop this madness.
I’m sure George Soros threw in a dollar or two.
New!!: Dr. John Ray's
Ping me if you find one I've missed.
Didn’t anbody ever notice that those wires hooked to their house is their permanent post-umbilical cord and here’s this guy with a bunch of similarly-minded nutcases wanting to kill momma!!??
OK, lemme see if I can remember how this goes:
Ge, Motorola, Halliburton, Ford,
Emptyin' the shelves at the company store
Who lies? (who lies?)
Who dies (who dies?)
Who pays? (who pays?)
Who lies? (who lies?)
Who dies (who dies?)
Who pays? (who pays?)
The plane was above the peaks of the skyscrapers when suddenly, with the abruptness of a shudder, as if the ground had parted to engulf it, the city had disappeared from the face of the earth. It took them a moment to realize that the panic had reached the power stations - and the lights of New York had gone out.
-- Atlas Shrugged
Those who profit the most, are those who are against this thing.
Think about it....
People are already pretty steamed about his driver’s licence scheme,he needs to lay off the hare-brained ideas for a while.
I think that what he knows and what he cares about are two completely different things.He’s acting like Soros owns him.
The stuff he’s smoking has GOT to be illegal.
Gee, I wonder who will pay ???
They oughta just cut off the power to the governors mansion. After all, they have to reduce emissions. And they can’t afford to pay all these extra fees.
God knows there’s enough hot air comin from Albany to run half the state.
Is this guy ever gonna get a clew what a jerk he is?
Don’t blame me... I voted for John Faso.
So who are they supposed to buy carbon credits from..... Al Gore’s company? Is this a political payoff to Al for something?
Tell you what. Since I live on 23 acres of trees I’m going to write to all the power companies and volunteer to sell them my carbon credits for half of what Al wants.