Reducing U.S. emissions merely puts American firms at a disadvantage to their foreign competitors

Cap-and-Trade system aimed at cutting carbon will reward special interests, gut the economy

By Guest Column —— Bio and Archives--June 18, 2009

Global Warming-Energy-Environment | Comments | Back To Full Article

-Andrew P. Morriss CHAMPAIGN, Ill. — “Cap-and-trade” sounds fabulous: those who emit carbon dioxide will have to obtain permits for their emissions. If they are able to reduce emissions cheaply, they will cut their emissions, enabling them to sell the permits they don’t need to those who can’t cut emissions as cheaply.

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