I wouldn’t have expected New Jersey to take the lead on this, but under Chris Christie’s leadership they’re renouncing their membership in the Regional Greenhouse Gas Initiative – this according to Tim Wheeler at a Baltimore Sun blog. I hope this is the start of a trend, with Pennsylvania, New Hampshire, and Maine racing to see who’s next to pull out of an organization which is unecessarily increasing electric rates in the name of combatting so-called global warming.
It’s interesting as well how Wheeler couches the $162 million Maryland has “raised” (read: extorted out of utility companies and job creators) from the series of auctions held over the last couple years. In truth, our state has helped to create yet another vast wealth redistribution scheme, with dollars flowing from “rich” companies to poor home occupants who need help paying their bills, which are increasing thanks to the state’s mandate. These increases aren’t helping the utilities’ bottom lines.
Yet before I praise Governor Christie for his decision to withdraw, it’s clear that he only believes the organization is “a failure” because his state has passed laws which more directly address the issue. Unfortunately he’s still swilling from the green Kool-Aid, and those who believe he could be the savior of the Republican Party’s 2012 chances had better know where he stands on this issue – it looks pretty well left of center to me.
Certainly Maryland can claim a similar set of regulations in addition to the RGGI statutes, but Governor O’Malley still believes that combatting so-called manmade global warming is “a fight for our children’s future.” At the rate Martin’s driving jobs out of Maryland, our childrens’ future will be spent in states like Texas, Virginia, or Florida anyway.
Besides, any decrease in carbon emissions may well be traced to the economic slowdown rather than any impact RGGI has created. There was a reason cap-and-trade died in Congress last year, and it was because the issue was properly couched as a job-killer and wealth redistribution scheme designed to favor particular “green” businesses at the expense of more tradtional, proven energy sources like coal, oil, and natural gas.
Read more here.