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Investors.com ^ | February 17, 2010 | INVESTORS BUSINESS DAILY Staff

Posted on 02/17/2010 5:19:10 PM PST by Kaslin

Climate Change: The scientific "consensus" that man is warming the planet is cracking, and so is a group that was going to push for cap-and-trade. Some business members no longer feel threatened by the government.

Oil giants ConocoPhillips and BP and heavy equipment maker Caterpillar said Tuesday they'd be leaving the U.S. Climate Action Partnership, described on IBD's front page as "a coalition of green groups and leading corporations pushing for a cap-and-trade bill to curb emissions of carbon dioxide."

IBD on Wednesday reported that the three corporations "indicated that their leaving was based on disputes within USCAP over the direction the legislation was taking in Congress," that it has become "now tilted toward coal-based energy producers."

We're not as diplomatic as these companies, so we can provide a more plausible explanation: They see the agenda of the global warming alarmists crumbling and have determined they don't have as much to fear from government regulation as they once did.

Because onerous government policy distorts markets and cuts into profits, it's rational for companies to try to protect themselves from regulatory damage.

One way to avoid or limit damage from a regulatory regime is to be part of the regulation-writing exercise by joining a coalition involved in the process.

When it becomes clear that new rules aren't forthcoming, there's no longer a need to be part of the group.

(Excerpt) Read more at investors.com ...


TOPICS: Culture/Society; Editorial
KEYWORDS: climatechange; globalwarming
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1 posted on 02/17/2010 5:19:10 PM PST by Kaslin
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To: Kaslin; markomalley; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; Desdemona; Little Bill; ..
 


Beam me to Planet Gore !

2 posted on 02/17/2010 5:19:43 PM PST by steelyourfaith (FReepers were opposed to Obama even before it was cool to be against Obama.)
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To: Kaslin

Wow! This is good news!


3 posted on 02/17/2010 5:21:23 PM PST by SubMareener (Become a monthly donor! Free FreeRepublic.com from Quarterly FReepathons!)
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To: Kaslin

When are the lawsuits against the global warming hoaxers and scammers going to start? These maggots have extorted billions from legitimate businesses as well as Joe Sixpack. It’s time to start demanding our money back.


4 posted on 02/17/2010 5:23:15 PM PST by FlingWingFlyer (If the CIA and NASA are going to "monitor climate change", why the hell do we need the EPA?)
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To: Kaslin

Does this mean that the cows can go back to farting normal now?


5 posted on 02/17/2010 5:24:13 PM PST by donhunt (America needs Obama-care like Nancy Pelosi needs a Halloween mask.)
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To: steelyourfaith

When it snows, it pours-—I’m in the mid-Atlantic and sick of the effects of global warming.


6 posted on 02/17/2010 5:26:05 PM PST by mathprof
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To: Kaslin

Evil corporations are refusing to participate in the warming scam. There may be hope yet.


7 posted on 02/17/2010 5:31:04 PM PST by pallis
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To: FlingWingFlyer

Rush talked about the lawsuits today, said they’re coming.


8 posted on 02/17/2010 5:31:05 PM PST by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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To: Kaslin

This is just enormous. These companies climbed on board because they thought the warmists were going to get away with this hoax and they wanted to protect their companies as best they could from government insanity.

They no longer see the need. This game is over.


9 posted on 02/17/2010 5:31:43 PM PST by Bahbah (Only dead fish go with the flow)
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To: Balding_Eagle

Boy I hope so...There needs to be a lot of accountability with these clowns...


10 posted on 02/17/2010 5:32:38 PM PST by hstacey
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To: Kaslin
No a time to relax.

These insane neurotics are relentless.

And government will milk every drop possible in taxes and fees and imaginary "credits" that they can.

State governments and the Feds are continuing headlong over the cliff as if AGW world-destruction were real.

"Never let a (even imaginary) crisis go to waste!"

Remember?

Fake but real works for the nutjobs.

11 posted on 02/17/2010 5:32:39 PM PST by Publius6961 (You can't build a reputation on what you are going to do)
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To: Kaslin; Ernest_at_the_Beach

More good news - it never rains but it pours and snows!


12 posted on 02/17/2010 5:33:47 PM PST by Fred Nerks (fair dinkum!)
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To: Kaslin
One way to avoid or limit damage from a regulatory regime is to be part of the regulation-writing exercise by joining a coalition involved in the process.

"The Third Way" - the London School of Economics; George Soros' old home.

A profound mistake. Government acquires its money at the point of a gun.

Corporations in conspiracy with government acquire their money with the same gun. AIG, Goldman Sachs, Morgan Stanley, and in Nazi Germany, Siemens, Foch Wolfe, etc.

The essence of free enterprise capitalism is blatant, dog-eat-dog competition, before the jury of free citizenry.

How ugly can John (Jay) D. Rockefeller IV, George Soros, et al become? Or how truly stupid can Harvard professors be?

The Suntrade Institute

13 posted on 02/17/2010 5:38:38 PM PST by jnsun (The Left: the need to manipulate others because of nothing productive to offer.)
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To: Kaslin
I'm glad that these tag-alongs who'd rather join’em than fight the nonsense now find the balls to speak out against what they knew all along to be BS. Now, after the fact-

Those that jumped on board and even tried to carve out some benefit for themselves riding the “global warming” hysteria and green fad now are leaving the stinking and sinking ship, and I guess we're all supposed to respect them for this? Scumbags- No different than the shitheads that were tag-alongs under the Nazi's selling products like Zyclon B (IG Farben). But no worries, I'm sure all of these firms have large volumes of web-space devoted to corporate ethics, sort of like GE while they sell dual use (civil/military) supplies to Iran, sell nuclear technology to China, and ride the green enviro-stupid fad in the US with their CFLs, wind turbines etc, even lobbying for laws that take off the shelf competing technologies like the incandescent bulb. It's all for the planet BTW!

14 posted on 02/17/2010 5:38:41 PM PST by Red6
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To: donhunt

Yes and so can we.


15 posted on 02/17/2010 5:39:13 PM PST by Mercat (Horizontal Fracking)
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To: Kaslin

I guess G.E. is gonna ride this one to the bottom of the hill.


16 posted on 02/17/2010 5:39:31 PM PST by rsobin
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To: donhunt
Does this mean that the cows can go back to farting normal now?

Not if they're in the U.K.


17 posted on 02/17/2010 5:41:34 PM PST by 50cal Smokepole (Effective gun control involves effective recoil management)
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To: Red6
It's not Exxon that is the culprit- but firms like GE that would sell the life of any soldier in exchange for some profit, Google willing to make a deal with any regime so they have access to a large market, CNN that will suppress information and spin the truth so they can report exclusively from Iraq under the Saddam regime........ All these firms that are now jumping off the “global warming” ship are still the same scumbags they were when they were trying to carve out a niche for themselves when fad/social movement was popular.
18 posted on 02/17/2010 5:43:44 PM PST by Red6
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To: rsobin

By G.E. I suppose you mean General Electric, which I boycott btw


19 posted on 02/17/2010 5:44:23 PM PST by Kaslin (Acronym for Obama: One Big Ass Mistake America)
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To: Red6

This is why I boycott G E, and so should every Freeper


20 posted on 02/17/2010 5:45:55 PM PST by Kaslin (Acronym for Obama: One Big Ass Mistake America)
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