Home > Uncategorized > Cap and Trade dead?

Cap and Trade dead?


Maybe not yet, but it took a serious blow today from and EPA report from the OMB.

An EPA finding last month that greenhouse gases are a danger to public health rests on dubious assumptions and could have negative economic impacts, a memo from the Office of Management and Budget (OMB) warned.

The memo has no listed author but is marked “Deliberative–Attorney Client Privilege.” A spokesman for OMB told Dow Jones Newswires that the brief is a “conglomeration of counsel we’ve received from various agencies” about the EPA finding, the conclusions of which would trigger regulation of greenhouse gases under the Clean Air Act.

The author(s) of the memo suggest the EPA did not thoroughly examine the relationship between greenhouse gases and human health.

“In the absence of a strong statement of the standards being applied in this decision, there is concern that EPA is making a finding based on…’harm’ from substances that have no demonstrated direct health effects,” the memo says, adding that the “scientific data that purports to conclusively establish” that link was from outside EPA.

I repeat, “Negative Economic Impact!”
Skeptics like me have been harping on this for a while now…and this new report comes from Obama’s OMB!

We’ll just have to see how this unfolds, but I know I’ll be using this memo for a while now.

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