With Friends Like Newt, Who Needs the Left? Learn More at www.NewtAndNancy.com

Team Romney has launched a new micro-site today that shows the progression of Al Gore’s push for job-killing climate change legislation. When Al needed support, he went to Nancy; when Nancy wasn’t enough, he went to Newt. And Newt, the unreliable leader that he is, hopped on board.

Check out the new site at www.NewtAndNancy.com:




Fact-Checkers Blast Bret Baier and Democrats – The Charge of Romney’s “Flip-Flopping” is Greatly Exaggerated

Last week Governor Romney was interviewed by Bret Baier of Fox News. In the interview, Baier said, “You have been on both sides of some issues. . . .There is video of you changing your position on a whole host of issues from climate change to immigration to abortion to gay rights to health care.” Romney replied “Well Bret, your list is just not accurate. So, one, we are going to have to be better informed about my views on issues and, two, it’s good to see the ads from the Democrats are being seen here at Fox.”

This testy exchange drew a lot of news coverage last week and so the “fact-checkers” at FactCheck.org, Politifact, and the Washington Post decided to do some research to find out who was right and who was wrong. For those who may not know, fact-checkers are organizations that are not affiliated with any political party or candidate. The goal of these fact-checkers is to provide the public with unbiased, independent research on claims being thrown around in the media. 

Well, the fact-checkers did their analysis of this interview and, even though I generally like Bret Baier, there is no other way to describe it but as a huge embarrassment for Mr. Baier. The fact-checkers found that Romney has been very consistent on the topics Baier listed. Lets look at the topics mentioned by Baier one by one and see what the fact-checkers concluded.

1) Climate Change - After the Democrats ran an ad last month showing a supposed change in Romney’s position on the cause of global warming, the fact-checkers at the Washington Post concluded there was “No Flip Flop” saying:
(more…)

Mitt Romney Responds to Obama’s ‘Cap and Trade’ Meeting with Senators

On-the-ball Mitt Romney quickly responded to President Obama’s Comprehensive Energy and Climate Legislation ‘circling of the wagons’ on Monday.

Cap and Trade Back Again [6/28/10]

Here we go again. Rather than providing much needed leadership on the oil spill crisis, President Obama and the liberals in Congress instead are trying to use it as an excuse to push through a cap and trade program — yet another big government initiative that will do nothing to stem the millions of gallons of oil spilling into the ocean, and which will have a negative impact on hard-working American families and the economy as a whole.

As Governor of Massachusetts, I declined to sign onto a regional cap and trade program because of my concern that it will raise energy prices for businesses and families. Unfortunately, my Democratic successor joined that agreement, known as the Regional Greenhouse Gas Initiative (RGGI), and the result has been higher electricity prices for everyone, despite claims from advocates who said energy bills will go down.

Cap and trade effectively constitutes an enormous, hidden tax on the American people and American businesses. It will lead to higher joblessness and make a bad economic situation even worse. And because it will simply move greenhouse gas emitters from America to other nations like China, it won’t do a thing to affect climate change.

This cap and trade program must be defeated. Will you stand with me in helping to make our voices heard by making a contribution of $25, $50, $100, $250, $500, $1,000, $2,500, or even the maximum $5,000 to my PAC today?

At a time when we need leaders who will focus on solving the problems facing this nation today — stopping the oil spill, strengthening our economy, and creating an environment in which job creation can thrive — we instead have leaders more interested in growing government. Whether it’s cap and trade, a costly stimulus bill, auto company bailouts, job-killing card check legislation, or a health care law that imposes higher taxes, President Obama and the liberals controlling Congress have come down on the side of big government over and over again.

It is time that we make our voices heard and say enough is enough. I hope you will stand with me in doing so today.

(emphasis mine)

Following Rahm Emanuel’s ‘never let a serious crisis go to waste’ dictum, calculating President Obama must have figured enough time has lapsed since the explosion of BP’s oil rig and enough damage done to the Gulf area that he has a reasonable chance to muster a victory on his Cap and Trade Tax plans. (The day after the meeting Obama finally accepted foreign aid to help with oil spill cleanup – day 71 if you’re counting. Coincidence?)

After the meeting Obama released this statement:

Readout of the President’s Meeting with a Bipartisan Group of Senators to Discuss Passing Comprehensive Energy and Climate Legislation

The meeting the President hosted with a bipartisan group of Senators was a constructive exchange about the need to pass energy and climate legislation this year that lasted more than an hour-and-a-half. The President made clear his view that a full transition to clean energy will require more than just the government action we’ve taken so far. It will require a national effort from all of us to change the way we produce and use energy. The President told the Senators that he still believes the best way for us to transition to a clean energy economy is with a bill that makes clean energy the profitable kind of energy for America’s businesses by putting a price on pollution – because when companies pollute, they should be responsible for the costs to the environment and their contribution to climate change. Not all of the Senators agreed with this approach, and the President welcomed other approaches and ideas that would take real steps to reduce our dependence on oil, create jobs, strengthen our national security and reduce the pollution in our atmosphere. The President said that there was a strong foundation and consensus on some key policies and the President urged the Senators to come together based on that foundation. There was agreement on the sense of urgency required to move forward with legislation and the President is confident that we will be able to get something done this year.

(emphasis mine)

Strange words coming from Obama when back in August 2009 he quietly committed to lend $2,000,000,000 (that’s TWO BILLION dollars) of our money to Brazil’s state-owned oil company, Petrobras, to help them with off-shore deep water drilling in the Santos Basin near Rio de Janeiro. By the way, a few days before Obama committed to loan money to Brazil, guess who readjusted himself within Petrobas to receive dividends? George Soros.

Stop Cap and Trade – October 2009:

ABC News’ Matthew Jaffe reports:

In the wake of the BP oil spill in the Gulf of Mexico, President Obama today summoned a bipartisan group of over 20 senators to the White House to push for energy and climate change legislation.

But one thing the President did not want to talk about at the meeting was the BP disaster, a Republican source told ABC News. And that, the source said, led to a pointed exchange with GOP senator Lamar Alexander from Tennessee.

“The priority should be fixing the oil spill,” Alexander told the President, according to the source. “That’s what any meeting about energy should be about.”

But when Alexander tried to interject the BP leak into the meeting, the source said, the President told the senator, “That’s just your talking point.”

(emphasis mine)

I haven’t located a confirmed list of Senators who attended this meeting. Here are the Senators who were expected:
Sens Harry Reid (D-Nev.), Lamar Alexander (R-Tenn.), Max Baucus (D-Mont.), Mark Begich (D-Alaska), Jeff Bingaman (D-N.M.), Barbara Boxer (D-Calif.), Sherrod Brown (D-Ohio), Maria Cantwell (D-Wash.), Tom Carper (D-Del.), Susan Collins (R-Maine), Byron Dorgan (D-N.D.), Judd Gregg (R-N.H.., John Kerry (D-Mass.), Joe Lieberman (I-Conn.), Blanche Lincoln (D-Ark.), Richard Lugar (R-Ind.), Jeff Merkley (D-Ore.), Lisa Murkowski (R-Alaska), Bill Nelson (D-Fla.), Jay Rockefeller (D-W.Va.), Olympia Snowe (R-Maine), Debbie Stabenow (D-Mich.), and George Voinovich (R-Ohio).

Senate Majority Leader Harry Reid (D-Nev) is aiming to bring energy legislation to the Senate floor in July.

Obama and Reid must have forgotten about ClimateGate and the reception Harry received when he held his ‘Clean Energy Summit’ in Nevada (8/10/09):

Contact your congressional Reps and the Senators who attended Obama’s Cap and Tax meeting to let them know how you feel. More than ever, we need to help Governor Romney bring common sense back to government. Donate to his Free and Strong America PAC today.

State of the Union Speech: President Obama Still Slugging, Governor McDonnell Responds

After the knock-out senatorial election of Scott Brown (R-MA), President Obama blatantly declared, “The same thing that swept Scott Brown into office swept me into office.” Obama’s 71-minute State of the Union speech to the nation last night signaled he’s ignoring  Massachusetts’ cold-water-in-the-face message. He’s quickly toweled off and plans to keep slugging. With an overall combative tone, peppered with patronization and huge doses of hypocrisy, here are just a few jabs from last night’s speech:   

“We have the largest majority in decades and people expect us to solve problems, not run for the hills.” (Obama warns Democrats to stay in the ring with him. 78% of Americans believe the Democrat super-majority loss is a positive for America.  22% feel it is a negative for America.)

“Let’s try common sense. Let’s invest in our people without leaving them a mountain of debt. Let’s meet our responsibility to the people who sent us here.” (Obama’s policies have put us on a road that will triple our national debt to $22 trillion over the next ten years. The fiscal policies of the United States are unsustainable.)

“And what the American people hope — what they deserve — is for all of us, Democrats and Republicans, to work through our differences, to overcome the numbing weight of our politics… Just saying ‘no’ to everything may be good short term politics but it’s not leadership.” (Capitol Hill doors have been locked – figuratively and in actuality - to prevent policy negotiations with Republicans. Update: House Republican Leader John Boehner (OH-8) said today that it had been over a year since he has been contacted by White House Chief of Staff Rahm Emanuel or anyone in the Obama administration.)

“One year ago, I took office amid two wars, an economy rocked by a severe recession, financial system on the verge of collapse and a government deeply in debt. Experts from across the political spectrum warned that if we did not act, we might face a second depression. So we acted — immediately and aggressively. And one year later, the worst of the storm has passed.” (Of Obama’s controversial $787 billion Stimulus Bill, only $264 billion has been spent. That leaves $523 billion more for Obama’s pay-backs and pet projects. He promised us that passing the Stimulus Bill would hold unemployment at 8%. It’s now over 10%. The Labor Dept reports today that for the week ending Jan. 23, another 470,000 Americans filed for unemployment benefits. UPDATE: Dr. Frank Luntz conducted a poll today among an equal number of Republicans and Democrats in Philadelphia, PA. This statement polled as the WORST MOMENT in Obama’s speech.)

“…I’ve proposed a fee on the biggest banks. Now, I know Wall Street isn’t keen on this idea. But if these firms can afford to hand out big bonuses again, they can afford a modest fee to pay back the taxpayers who rescued them in their time of need.” (TARP funds prevented our entire financial system from collapsing. Obama wants banks who have paid back TARP money – with interest – to now pay a fee. Obama ignores the federal government’s part in contributing to our economic crisis and is deflecting from the bonuses his own administration allowed.)

“Now, the true engine of job creation in this country will always be America’s businesses.” (Where has Obama been the last year? Government employees feel more optimistic about the economy than private sector employees. Hmm. Could it be because most job growth this past year has been in the government sector?)

“You see, Washington has been telling us to wait for decades, even as the problems have grown worse. Meanwhile, China is not waiting to revamp its economy.” (Of course China isn’t waiting.  They own us! Just a couple of months into Obama’s presidency, the Chinese were expressing concerns over his penchant for trillion dollar borrowing from them. U.S. taxpayers pay the Chinese government $50 billion per year on interest – alone.)

“Still, this is a complex issue [health care], and the longer it was debated, the more skeptical people became. I take my share of the blame for not explaining it more clearly to the American people.” (Does Obama really believe 61% of Americans want him to move off the health care issue and focus on job creation because he didn’t explain it well enough? 81% of Americans believe Obamacare will raise taxes.)

“Let’s put aside the schoolyard taunts about who is tough. Let’s reject the false choice between protecting our people and upholding our values.” (Obama foreign policy gobbledy gook.  The Commander-in-Chief conveniently forgot to mention his policy of giving U.S. constitutional rights to terrorists and trials in U.S. courts.)

“And, yes, it [clean energy] means passing a comprehensive energy and climate bill with incentives that will finally make clean energy the profitable kind of energy in America. I know there have been questions about whether we can afford such changes in a tough economy. I know that there are those who disagree with the overwhelming scientific evidence on climate change.” (Obama is willing to cripple our economy further by refusing to even consider real science and the scandalous suppressing of evidence regarding climate change. Cap-and-Trade legislation isn’t global warming/climate change. It’s about creating profit – money out of thin air.)

A jaw-dropping breach of decorum occurred last night when Obama scolded the Supreme Court regarding the reversal of the McCain-Feingold bill. Watch Justice Alito mouth “that’s not true”:

Like us, Harry Reid has heard it all before

Governor Bob McDonnell’s (R-VA) response to Obama’s State of the Union Speech:

Obama’s condescension and arrogance doesn’t bode well for 2010. The President’s  hoped-for left hook last night may cost him seats in the mid-term elections. Will Blue Dog Democrats go to the ropes for him?  We’ll see.

Obama may have bloodied our noses this past year, but I feel a whopping right-hook coming on. The American people refuse to be his punching bag any longer.  

Read full text of Governor Bob McDonnell’s (R-WA) rebuttal speech here.
Read full text of President Obama’s State of the Union Speech here.

A Mitt Bit of Christmas, Blizzard Dumps Snow on Copenhagen

CCAF6H5ZDCA843GO5CA8TXB8OCAVVH8P5CAY8W154CAYH4JMWCAKGEFAMCAFUZHXSCAUX4PI7CA50OTZ6CAS6HMGWCAWCO9B4CALHDU0ECAF5UD5PCA7WC5GTCAW2PBCJCAV07V6HCASOCLQNCAVHDVXGOh, the irony. As Obama deplaned in global-warmed Copenhagen this morning, he was enveloped in freezing temperatures and four inches of blizzard-produced snow.

By Christian Wienberg (Bloomberg.com)

“Dec. 17 (Bloomberg) — World leaders flying into Copenhagen today to discuss a solution to global warming will first face freezing weather as a blizzard dumped 10 centimeters (4 inches) of snow on the Danish capital overnight.

Temperatures will stay low at least the next three days,” Henning Gisseloe, an official at Denmark’s Meteorological Institute, said today by telephone, forecasting more snow in coming days. “There’s a good chance of a white Christmas.”

Denmark has a maritime climate and milder winters than its Scandinavian neighbors. It hasn’t had a white Christmas for 14 years, under the DMI’s definition, and only had seven last century. Temperatures today fell as low as minus 4 Celsius (25 Fahrenheit).

DMI defines a white Christmas as 90 percent of the country being covered by at least 2 centimeters of snow on the afternoon of Dec. 24.

Even more ironic, just a few hours before the storm roared in, Hillary Clinton, in an effort to put a smiley face on the poorly organized, chaotic Climate Conference, offered the following: 

Climate change threatens not only our environment, but our economy and our security. This is an undeniable and unforgiving fact.

The only undeniable and unforgiving fact is that the only thing heating up is tempers among global warming proponents:


“One thing many of these protestors share is a suspicion for capitalism, corporations, and so-called market mechanisms for cutting carbon emissions.” – Reporter Holly Williams, Sky News,  Copenhagen

Do we want these people telling us how to live?

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A Mitt bit of Christmas (Dec 17, 2009):

Tim Pawlenty yesterday became the first potential 2012 GOP candidate to visit the first-in-the-nation primary state (unless you count Haley Barbour’s visit last summer). But Mitt Romney wins the “all-important” Christmas card race. His card, with two color photos of his huge family, hit mailboxes yesterday.

I’d love to have a Romney family Christmas card delivered to me! Speaking of deliver, the singers on our Fifth Day of Christmas video, do just that. Here’s Celtic Woman singing Carol of the Bells:

Ring out, wild bells, to the wild sky, the flying cloud, the frosty light;
Ring in the love of truth and right, ring in the common love of good.

Ring in the valiant man and free, the larger heart, the kindlier hand;
Ring out the darkness of the land, ring in the Christ that is to be.
~ Lord Alfred Tennyson

Al Gore’s Icicle Nose Keeps On Growing

iciclesOn November 20th of this year (day of Global Warming infamy) scientists’ emails stored on a computer network at Hadley Climate Research revealed the junk science of doomsday climate change. Curiosity was immediately raised on the effect these revelations would have on the upcoming Copenhagen Climate Change Summit (COP-15) and more particularly, the position to be taken by President Obama and global-warming-guru Al Gore.

Overnight, climate warming became Climategate. Discussions on the manipulation of evidence and massive cover-up involved with global warming became front-page news. Prior to the scandal, Al Gore was scheduled to attend COP-15, but post-scandal Gore cancelled his Copenhagen appearance. Obama was also slated to attend, but changed his mind. Subsequently, and not surprisingly, on December 7th, the two of them met in the Oval Office. When they emerged, it was announced that Obama would go to Copenhagen. He held a press conference to declare that U.S. carbon emissions reductions would be on the table – in the range of 17% below 2005 levels. Although we hoped that, at the very least, our president would acknowledge that global warming data had been compromised, we now knew the direction he was headed. But, what of Gore?

Al gore screaming at worldThis week, the “mystery of Al” was answered. As ministers of the world’s countries began to arrive in Copenhagen for the final week of nitty-gritty negotiations, Mr. Gore magically appeared at a Climategate pulpit on Monday, December 14th, to protect his turf. Making an astounding new claim, he announced that new computer modeling shows that polar ice may be entirely melted by summer 2014. Gore elaborated:

“These figures are fresh. Some of the models suggest to Dr [Wieslav] Maslowski that there is a 75 per cent chance that the entire north polar ice cap, during the summer months, could be completely ice-free within five to seven years. It is hard to capture the astonishment that the experts in the science of ice felt when they saw this”

In response, climatologist Dr. Maslowski briskly responded to Gore’s headline-grabbing declaration: 

“It’s unclear to me how this figure was arrived at. I would never try to estimate the likelihood at anything as exact as this.”

Al Gore’s icicle nose just keeps on growing. It’s getting frosty and chaotic in Copenhagen and Obama is next. Emissions agreements… will he chill?

Phelim McAleer, journalist/filmmaker (Mine Your Own Business, Not Evil Just Wrong) tries to question Al Gore (author of An Inconvenient Truth) about Climategate emails at the U.N. Climate Change Conference: 

Mr. McAleer: “It seems you’re not allowed to ask inconvenient questions of Al Gore.”

Third Day of Christmas: Climate alarmists say it’s vanishing, but we know the stuff Christmas dreams are made of is here to stay. Here’s Tony Bennett singing Snowfall:

See amid the winter’s snow, born for us on earth below. Hail thou ever-blessed morn!
 ~ Edward Caswall

News Tidbits…The Twelve Days of Christmas: Part 1

christmas-ornaments1
Here’s a question being bandied about: Is there room in the Grand Old Party for “Sam’s Club” Republicans AND “Whole Foods” Republicans? Should “conservative lifestyle/conservative politics” folks join hands with “progressive lifestyle/conservative politics” Americans? Read one man’s opinion here.

Iran – a topic of twists, turns, and angst. We learn today documentation exists proving that four years after Iran was believed to have abandoned its weapons program, they launched an aggressive effort to test a key component of nuclear weaponry that triggers the most important part of the process – the explosion. It’s called a neutron initiator.

The technical document describes the use of a neutron source, uranium deuteride, which independent experts confirm has no possible civilian or military use other than in a nuclear weapon. Uranium deuteride is the material used in Pakistan’s bomb, from where Iran obtained its blueprint.

“Although Iran might claim that this work is for civil purposes, there is no civil application,” said David Albright, a physicist and president of the Institute for Science and International Security in Washington, which has analysed hundreds of pages of documents related to the Iranian programme. “This is a very strong indicator of weapons work.”

Now, to those in Copenhagen who can’t cope… Why? Because 135 developing nations are in a tizzy have brought negotiations to a halt because their extortion demands for more money to atone for allegedly heating up the globe aren’t being met  alleged fat-cat countries haven’t agreed to reduce enough supposed greenhouse emissions to satisfy them. But, never fear, Obama has promised to distribute sun-powered lanterns and ozone-friendly appliances to the world’s poor nations.

Meanwhile, our president’s falling-brick approval rating is at 42% and as Democrats scheme to dilate America’s debt by TWO TRILLION, I invite you to cast care aside for a moment and enjoy the first installment of The Twelve Days of Christmas at Mitt Romney Central. We’ll start things off with the Mormon Tabernacle Choir and Orchestra performing Christmas Processional: Carol to the King.

‘Tis the season…

Whatever else be lost among the years, let us keep Christmas still a shining thing. Whatever doubts assail us, or what fears, let us hold close one day, remembering its poignant meaning for the hearts of men. ~ Grace Noll Crowell

Own a Light Switch? Beware! Obama Poised to Cede U.S. Sovereignty to U.N. on Climate Change

switch_guard_strapsRemember back in 1997 when the U.S. Senate rejected the Kyoto protocol and then, at the end of his term, Bill Clinton signed an executive order placing America under Kyoto’s restrictions? Do you also recall that when then-President George Bush was elected, he refused to buckle to pressures to ratify the Kyoto Agreement? Bush refused to sign mainly because of faulty global warming science and the adverse effects strict carbon emission guidelines reductions would have had on our American economy. Now, the epic global climate argument will come to a dramatic head December 7-18, 2009. Representatives from 192 countries, with estimates of more than 15,000 diplomats, officials, advisers, proponents, and journalists, will cluster in Copenhagen, Denmark, to attend COP-15 (Copenhagen Climate Change Summit – 15th annual conference). Is Obama poised to cede U.S. sovereignty to the United Nations on climate change?

 Obama clues and cues:

1) Stance on Cap and Trade

2) Refusal to pursue development of America’s off-shore/ANWR oil resources

3) Desire to eradicate the coal industry

4) Billions of dollars earmarked to create ‘green’ energy

5) American Apologetics message to the world and propensity for transnationalism, i.e. the appointment of Harold Koh as the State Department’s top legal advisor.

6) Secretary of State Hillary Clinton’s statements at Obama’s Major Economies Forum on Energy and Climate last March, acknowledging that the U.S. had played a role in past climate emissions. She emphasized that America is  “determined to make up for lost time both at home and abroad” and that “the U.S. is no longer absent without leave.”

7) Obama’s own statements, including global warming comments delivered to the United Nations on September 23, 2009

It doesn’t take a solar-powered crystal ball to determine the position Obama will take at COP-15 this December!

Please watch every minute of this important video Climate Chains – The Global Warming Fraud:


“Energy is what many call the Master Resource. If you control energy, you control everything. Everything we make, use, or do starts with an infusion of energy and requires energy at every step along the way… to the point where you use it.” “Climate change is the perfect scapegoat for environmentalists. A COP-15 Treaty will be used to change the behavior, lifestyle, and standard of living of every single person on the planet.”

Mitt Romney on Cap & Trade – Free and Strong America, Oct 7, 2009

Romney: “President Obama has asked Congress to pass a Cap and Trade program. It will have a devastating impact on families of America and the economy. The plan would raise energy prices on the average American family by $1,761 a year. I hope you’ll join me in opposing this legislation. Together, we need to make our voices heard!”

Among those who disagree with Obama’s position is Lord Christopher Monckton.

Monckton served as a policy adviser to Margaret Thatcher. He has repeatedly challenged Al Gore to a debate to which Gore has refused. Monckton sued to stop Gore’s film “An Inconvenient Truth” from being shown in British schools due to its inaccuracies. The judge found in-favor of Monckton, ordering 9 serious errors in the film to be corrected. Lord Monckton travels internationally in an attempt to educating the public about the myth of global warming.

On October 14, 2009, Lord Christopher Monckton, a noted climate change skeptic, gave a presentation in St. Paul, MN. In this 4-minute excerpt from his speech, he issues a dire warning to all Americans regarding the United Nations Climate Change Treaty, scheduled to be signed in Copenhagen in December 2009.

 WARNING!

Lord Monckton on United Nations Treaty to be signed December 2009: “I have read that treaty. What is says is this: 1) A world government is going to be created. 2) Transfer of wealth from countries of the west to third world countries to satisfy ‘climate debt.’ 3) Enforcement.”

Click here for Monckton’s entire 95 minute speech debunking global warming science.
Click here to read a draft copy of the treaty.
Click here to sign a petition opposing Cap and Trade.

cop15gearsThis isn’t about the climate. It’s about international economic control over our lives. As Monckton said, in the next few weeks – UNLESS WE STOP IT – our President will sign our freedom, our democracy, and our prosperity away forever. I urge you to pass this information to your friends and neighbors. We ALL must contact our legislators and every form of media to STOP OBAMA from signing the COP-15 Climate Change Treaty.

Bad Trade: CO2 Cap by Eric Fehrnstrom

From Romney’s Free and Strong America blog:

Bad Trade: CO2 Cap by Eric Fehrnstrom

As President Barack Obama pushes for a national cap-and-trade system, results are starting to come in from the nation’s first mandatory program to limit carbon emissions and they foreshadow higher electricity prices for all.

The Regional Greenhouse Gas Initiative (RGGI), got under way on Jan. 1 and covers power plant operators in Massachusetts and nine other Northeast and Mid-Atlantic States. RGGI caps carbon emissions at current levels through 2014, and then reduces them 10 percent by 2018.

At the center of it is the concept of selling to power plants the right to discharge CO2 into the air, something they previously did for free, turning it into a lucrative revenue source for government.

The “cost to pollute” is expressed as the price to emit a ton of carbon. The first auction of permits was held last September, when the price was set at $3.07 per ton, more than 50 percent higher than the $2 predicted by the University of New Hampshire.

The price increased to $3.38 in a second auction in December. It went up to $3.51 in a third auction in March.

Through this nifty scheme, states so far have pocketed $262 million from the power-producing sector, which can only come from one place: electricity users. Auctions are held quarterly, and the per-ton price will rise as the carbon caps are lowered over time and speculators get in on the game.
….

Click here to read the entire post.