posted
Mar 6, 2009 by Lamar Thames
Thanks to Larry Horne of Clay Electric for supplying a link to the following letter:
In a letter to President Obama, National Rural Electric Cooperative Association CEO Glenn English voiced strong objections to the Administration’s plan to auction the carbon emission allowances under a cap and trade scheme.
In the letter, English pointed out that “[s]uch a program would only serve as a backdoor, variable tax on consumers. Even worse, the level of the tax would be determined by Wall Street and large multi-national energy companies who would likely be the highest bidders in any auction.”
