View Full Version : What's In The Cap & Trade Bill?

07-05-2009, 12:14 PM

A Garden Of Piggish Delights!

Really, you should read the whole article. I've posted the first 3 bullet points here,but each and every paragraph is as jaw-dropping as the next.

1. The big doozy: Eighty-five percent of the carbon permits will not be sold at auction — they will be given away to utility companies, petroleum interests, refineries, and a coterie of politically connected businesses. If you’re wondering why Big Business supports cap-and-trade, that’s why. Free money for business, but higher energy prices for you.

2. The sale of carbon permits will enrich the Wall Street investment bankers whose money put Obama in the White House. Top of the list: Goldman Sachs, which is invested in carbon-offset development and carbon permissions. CNN reports:

Less than two weeks after the investment bank announced it would be laying off 10 percent of its staff, ***Goldman Sachs confirmed that it has taken a minority stake in Utah-based carbon offset project developer Blue Source LLC. . . . “Interest in the pre-compliance carbon market in the U.S. is growing rapidly,” said Leslie Biddle, Head of Commodity Sales at Goldman, “and we are excited to be able to offer our clients immediate access to a diverse selection of emission reductions to manage their carbon risk.”

3. With its rich menu of corporate subsidies and special set-asides for politically connected industries, Waxman-Markey has inspired a new corporate interest group, USCAP, the United States Climate Action Partnership — the group largely responsible for the fact that carbon permits are being given away like candy at Christmas rather than auctioned. And who is lined up to receive a piece of the massive wealth transfer that Waxman-Markey will mandate? Canada Free Press lists:

Alcoa, American International Group (AIG) which withdrew after accepting government bailout money, Boston Scientific Corporation, BP America Inc., Caterpillar Inc., Chrysler LLC (which continues to lobby with taxpayer dollars), ConocoPhillips, Deere & Company, The Dow Chemical Company, Duke Energy, DuPont, Environmental Defense, Exelon Corporation, Ford Motor Company, FPL Group, Inc., General Electric, General Motors Corp. (now owned by the Obama administration), Johnson & Johnson, Marsh, Inc., National Wildlife Federation, Natural Resources Defense Council, The Nature Conservancy, NRG Energy, Inc., Pepsico, Pew Center on Global Climate Change, PG&E Corporation, PNM Resources, Rio Tinto, Shell, Siemens Corporation, World Resources Institute, Xerox Corporation.

07-05-2009, 03:08 PM
Buried in the bill are mandates covering homes and commercial buildings. The above link alludes to this in points 21 thru 25.

Here is a partial quote from another source on this aspect of the bill :

...the bill will “audit every aspect of your home and life”.

The bill states every home owner will receive an energy audit. What is a home energy audit? It is an intrusive visit made by the bureaucrats at the Home Energy Team or a similar group. They will examine and report the way you live your life directly to RESNET (Residential Energy Services Network) . Light fixtures, socket types, spas, hot tubs, windows, appliances, walls and roofs will all be under review. Energy tests will be conducted throughout your house. At the end of the visit you will receive a report and a rating. The report will focus on the changes you need to make and the rating is called a HERS rating (Home Energy Rating System). RESNET will perform the audits through authorized contractors. RESNET has adopted the Mortgage Industry National Home Energy Rating Standards. The standards set the national procedures for home energy ratings.

According to RESNET, an audit consists of:
Comprehensive Home Energy Audit - A level of the RESNET Home Energy Audit process defined by this standard to include the evaluation, diagnosis and proposed treatment of an existing home. The Comprehensive Home Energy Audit may be based on a Home Performance Assessment (“Comprehensive Home Performance Energy Audit”) or Home Energy Rating (“Comprehensive HERS Audit”), in accordance with the criteria established by this Standard. A homeowner may elect to go through this process with or without a prior Home Energy Survey or Diagnostic Home Energy Survey....

Under the RESNET standards for a home audit, the following procedures will become law under the climate bill.

704.1.2.3 The Home Energy Survey Professional shall request copies of utility bills or
written permission to obtain the energy use information from the utility company, and use
them to produce an estimate of generalized end-uses (base, heating, and cooling).
704.1.2.5. Minimum Procedures for an In-Home Energy Survey:
704. R-values of wall/ceiling/floor insulation
704. Square footage and approximate age of home
704. Type of windows: glazing type(s) and frame material(s)
704. Type, model number, and location of heating/cooling system(s)
704. Type of ductwork, location and R-value of duct insulation, and any
indications of previous duct sealing
704. Type of foundation is crawl, basement, or slab
704. Checklist of common air-leakage sites indicating likely opportunities
for leakage reduction
704. Estimated age and efficiency of major appliances such as
dishwashers, refrigerators, freezers, washing machines and dryers
704. Number and type of hardwired light fixtures and screw-in bulbs in
portable lamps suitable for energy efficient re-lamping
704. Visual indications of condensation
704. Presence and location of exhaust fans, and determination of whether
they are vented outdoors
704. Number and type of water fixtures (e.g. faucets, showerheads)
704. Presence and type(s) of combustion equipment; identification of
visually identifiable evidence of flame rollout, blocked chimney, and corroded or
missing vent connector.


I've seen a statement that the above requirements would, possibly, be required only when the property is sold or changes hands. But can you imagine having to sell your home, but not being allowed to until it is brought into energy compliance.

07-09-2009, 01:30 AM
Watch this video


Antarctic Ice Shelves Show No Sign of Climate Change


07-09-2009, 05:43 AM
A partial list of the new federal agencies will be created by passage of the ACES bill:

Establishment of:

Clean Energy Innovation Centers
Building Assessment Centers
Industrial Research and Assessment Centers
Centers for Environmental Knowledge and Outreach
Clean Energy Applications Centers
Incentives for Innovative Technologies Fund
Clean Energy Deployment Administration
Energy Technology Advisory Council
Clean Energy Investment Fund
Offshore Renewable Energy Facilities
National Bioenergy Partnership
Office of Consumer Advocacy