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  • WSJ: Kyoto's 'Capitalists' -- Big business becomes a lobby for CO2 regulation.

    12/13/2004 5:14:48 AM PST · by OESY · 6 replies · 459+ views
    Wall Street Journal ^ | December 13, 2004 | Editorial
    ...The Kyoto idea is 10 years old now, and no better for its age. The U.S. wisely chose to forgo the pact, as the long- term costs add up to hundreds of billions a year across the world economy, not to mention untold lost economic opportunities. The energy industry has heretofore backed this U.S. decision, noting that even Kyoto's defenders have admitted the pact wouldn't slow climate change.... What's changed the industry's tune at the broadest level may be the Bush Administration's Clear Skies program, a smart pollution-reduction proposal that may pass Congress next year. That program, about to be...