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Lieberman - Warner: How much will it cost your state?
Posted by: McQ on Tuesday, May 27, 2008

The Heritage Foundation has done a little study on the impact of the Lieberman-Warner Global Climate Change Legislation (S. 2191) on each state. Living in GA, I naturally looked at their projections for it. A couple of charts do a nice job of summing it up:


Tell me a state anywhere in the US that easily absorb job losses like that? Then top that off with the resultant increase in energy prices:


The net result? A depressed economy with no actual improvement in the reduction of the level of greenhouse gases world wide as other more populous developing nations go full-bore in building the energy generation capacity they need to fuel their economies.

And make no mistake, this will be a hidden tax on all, and especially hard hit will be those who can afford it least. If you don't believe that, consider this chart on the law's projected effect on the price of gasoline.

But, hey, Al Gore will be pleased.
 
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ITALY, which last week decided to embrace nuclear power two decades after a public referendum banned nuclear power and deactivated all its reactors, could be just the first of several European countries to reverse its stance on nuclear power, a leading industry group has said.
Ian Hore-Lacey, spokesman for the London-based World Nuclear Association, said: "Italy has had the most dramatic, the most public turnaround, but the sentiments against nuclear are reversing very quickly all across Europe."
When asked which nations were likely to join Britain and France as major producers of nuclear power, he replied: "Holland, Belgium, Sweden, Germany and more."
 
Written By: Neo
URL: http://
Funny you should mention that - I’m posting that very story in a minute.
 
Written By: McQ
URL: http://www.QandO.net

 
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