Hess, just like power companies WANT Cap n Trade and the reason is very simple.
Even with all the fee’s and taxes they will pay on emissions, Cap n Trade is profitable for any company that produces energy products. They don’t have to produce a thing and can profit off of it!!!
Think about it - a power company can purchase “carbon” off of the market, increase their fee’s to their customer base (including the additional taxes/fee’s from the bill) and resell their “credits” for huge profits.
Cap n Trade does nothing for the environment - it’s nothing but a money making scheme for investors, governments, and companies to involves themselves in and screw the public on.
It's worse than that. It's a means for leftists to destroy the US economy, and it is closely related (really the same movement) to schemes to redistribute wealth outside the USA.