|Green companies would suffer under cap-and-trade too|
|Written by Kristin McMurray|
|Tuesday, 05 January 2010 15:55|
How ironic--TI, who makes energy efficient chips for anything from calculators to washing machines, would also suffer under the proposed cap-and-trade legislation.
How? The manufacturing of the chips emits some of the "strongest" greenhouse gases on the market, which means under the current plan the makers would have to spend big bucks to purchase carbon allowances.
The government is fully aware what the regulation could cost Americans. Even the EPA recently backed off from regulating the electronic manufacturers after it was revealed it would cost anywhere from $78 to $142 million to implement, not to mention the tens of millions spent on annual operating costs.
How much longer till the government admits cap-and-trade is all about wealth redistribution and not climate change?
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