Environment - Capping-and-Trading Carbon Credits
Both the private sector and the U.S. Congress are working from opposite on the same scheme that is supposed to stop and hopefully reverse global warming - the "cap-and-trade" system of "carbon credits." This is how the scheme works: Carbon dioxide (CO2) is known to be the number one polluter of our atmosphere and thus number one culprit in global warming. Private companies, and especially utility companies that produce energy through fossil fuels like coal, are among the top producers of CO2. And right now there is no limit to the amount of CO2 that such companies can produce. Thus, someone suggested to create an artificial "scarcity" of CO2, which would be a very good thing. ...
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