Joe Lieberan introduces America’s Climate Security Act

Ryan Dawson, author of "Welcome To The USSA" raises valid concerns of Lieberman's America’s Climate Security Act:

America’s Climate Security Act , red flag Lieberman introduced it.

Global warming hype has brought us this nicely dressed monster. Sure we should limit pollution and support alternative energy but that is not what this bill does.

I am very pro-environment but I am skeptical of anything coming from Joe Lieberman so I got a copy of the Bill first. Sometimes things are named one way yet do something else like the Patriot Act. So here is the copy of the Bill S.2191

http://thomas.loc.gov/cgi-bin/bdquery/z?d110:s.02191:

Bernie Sanders the other actual Independent of VT did try to amend the bill. New Jersey Democrat Frank Lautenberg also supported Sanders. They wanted to

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"strengthen the auction of pollution allocations, lower the cap on emissions, earmark subsidies for renewable energies, demand accountability from the auto industry, and diminish industry's capacity to stall simply by buying carbon offsets. "

but that failed.

I am worried because although the bill states it purposes on limiting greenhouse gas emissions it also creates a Federal body able to regulate a multitude of businesses from farming to enterprise. Look at SEC. 2101-2 of the bill. It allows people to Sell their emission allowances.

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Except as otherwise provided in this Act, the lawful holder of an emission allowance may sell, exchange, transfer, submit for compliance in accordance with section 1202, or retire the emission allowance.

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The privilege of purchasing, holding, selling, exchanging, and retiring emission allowances shall not be restricted to the owners and operators of covered facilities.
And SEC. 2303 allows third party to collect interest payment on it! ???


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REPAYMENT WITH INTEREST.

For each borrowed emission allowance submitted in partial satisfaction of the compliance obligation under subsection 1202(a) for a particular calendar year (referred to in this section as the `use year'), the number of emission allowances that the owner or operator is required to submit under section 1202(a) for the year from which the borrowed emission allowance was taken (referred to in this section as the `source year') shall be increased by an amount equal to the product obtained by multiplying--

(1) 1.1; and

(2) the number of years beginning after the use year and before the source year.

I see a potential problem here. Let's just look at farming sense it is familiar and easy to understand. What we could have here is a new federal business here where by larger agribusinesses can buy up emission allowances from the smaller corporations who aren't going to use theirs for anything but selling. And increase in federal farm subsidies to the buyers just means we will be paying for these trades through taxes and all it does is rope in even the smaller formerly more independent farms and ranches into an umbrella corporation. The large farm loses nothing as it can pay for what it borrows with money it gets from the government anyway. The small business will gamble with cost efficiency of whether to produce or just sell their gas allowances thus giving the larger corps a greater monopoly of not only production but the distribution as well. And that spills into to mean business.

With out the Saunders amendments this bill doesn't work. Lieberman has created a federal business. I want caps on gas emissions but not at this price. We got to close these loop holes before it goes through. I'll thank Warner but I am going to write him to reconsider the amendments. He was not there after all when they voted for health reasons. His vote was only by proxy. That puts us in a position as Virginians to raise the proper objection to the bill that already passed and possible reform it or add on the Amendments or threaten to kill it.

And I fear after this corporate gambit they will throw in a carbon tax for the consumer as well.