Wednesday, July 11, 2007

A Convenient Windfall: Global Warming’s Big Cash Dividend

The question we as a society haven’t yet answered is, To whom does the climate windfall rightfully belong? Does it belong to all of us as a community, to citizens individually, or to businesses that emit carbon?

The latter possibility is no joke. Companies in energy-intensive industries say that they should receive future carbon emission permits free of charge. Their argument is that they’ll be hurt by higher fossil fuel prices, and therefore need to be ‘whole.’

Read the whole thing.
From Common