Wall Street Wins with Cap-and-Trade, Consumers Lose
Artificially increase the price of coal, oil and natural gas through added legislation and regulation
By Institute for Energy Research —— Bio and Archives--May 12, 2010
American Politics, News | Comments | Back To Full Article
Washington, DC As Senators John Kerry (D-Mass.), Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.) prepare to unveil their much-awaited global warming legislation, many Americans find themselves wondering who will benefit from the proposal. Well, after a quick search of newspapers from the past few years, it's obvious who wins and who loses: Wall Street wins, consumers lose. Following are a few selected articles that paint an abundantly clear picture of what's at stake and why specific rent-seeking corporations are aggressively lobbying for implementation of energy rationing legislation.
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