Posted on 02/07/2012 9:42:01 AM PST by CedarDave
SANTA FE – The state Environmental Improvement Board voted 5-0 Monday to repeal a controversial cap-and-trade regulation to reduce greenhouse gas emissions, nullifying a struggling program before it got off the ground.
A partnership of seven states originally envisioned to participate in the cap-and-trade program had dwindled to two, board Chairman Deborah Peacock said.
“The intent was that all these states would be doing this cap and trading, and everyone’s dropped (out) except for California and New Mexico,” she said. “That, to me, was very significant.”
The ruling reversed a 2010 decision of the previous board appointed by then-Gov. Bill Richardson. Gov. Susana Martinez, who was openly critical of the plan, fired the board shortly after taking office and appointed the current board members. The state Environment Department supported the repeal.
“The economic cost of this rule is not worth the environmental risk,” board member John Volkerding told the Journal.
(Excerpt) Read more at abqjournal.com ...
The Richardson administration rushed through this and a separate rule to cap greenhouse gas emissions following the defeat in November 2010 of his Democratic Lt. Governor to replace him. The board is expected to repeal the latter rule next month.
“The economic cost of this rule is not worth the environmental risk,” board member John Volkerding told the Journal.
Wise decision.
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I'll say.
When you're coupled with California -- on any issue -- it's time for a divorce.
Richardson was a dirty, clintonoid crook. The only reason they push this cap & trade nonsense is so their crony pals can suck up all the taxpayer money in useless schemes like this one.
And the Chicago Board of Trade was meant to be the center of the Cap and Trade business. The Chicago Mafia planned to use it to push Chicago ahead of NYC as a financial center.
Susana Martinez strikes again! America’s Best governor!
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