Thursday, June 14, 2007

Eco-Hypocrisy Corporate Style

Protesters decry Caterpillar's support of CO2 limits

(Crain’s) — "Dozens of business and public policy groups urged Caterpillar Inc. Wednesday to withdraw its support for proposed limits on carbon dioxide emissions.
From Crains ChicagoBusiness

Caterpillar is a member of US-CAP, a 27 member organization pushing for cap-and-trade legislation to regulate energy use in the United States.
The Congressional Budget Office found that the restrictions USCAP seeks would hurt the poorest fifth of the population more than other income groups.

Here's USCAP's membership list. This is what is meant by the term "An unholy alliance" or as economist Bruce Yandle called it "Bootleggers and Baptists", referring to the Prohibition era coalition of rent-seekers and true-believers.