Simply Politics & News

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This sounds about as crazy as shooting a missile at the moon in search for water. Are they planning on bottling it?:)

Maybe its not water they're looking for, maybe the search is for gold?. How much money was spent on this nutty project?

http://factsnotfantasy.blogspot.com/2009/04/dangerous-new-global-warming-law.html At the White House, the new science advisor to the President is proposing an utterly crazed scheme to shoot “pollution” into the Earth’s atmosphere to reflect back the Sun’s rays to stave off global warming.

http://www.foxnews.com/story/0,2933,337710,00.html

http://newsbusters.org/blogs/noel-sheppard/2008/06/04/gore-invests-carbon-credit-company-will-media-care

Gore’s Circle of Business
http://www.humanevents.com/article.php?id=22663


http://www.generationim.com/about/

http://www.nytimes.com/2008/03/11/business/worldbusiness/11iht-gore.4.10942634.html?_r=1

The sustainable investment firm run by Al Gore, the former U.S. vice-president, is about to be closed to new investors, having raised close to its $5 billion target.

Generation is an independent, private, owner-managed partnership with offices in London, New York and Sydney. The firm was co-founded in 2004 by Al Gore and David Blood.



A cap and trade tax is the additional cost that is incurred by businesses and consumers as a result of the implementation of a policy known as cap and trade. Cap and trade is a system enacted by the government that is designed to reduce the emissions of pollutants, especially greenhouse gases such as carbon dioxide, into the atmosphere. The basic premise of cap and trade is that the government sets a limit, or “cap,” on the amount of pollutants that may be released.

http://www.wisegeek.com/what-is-a-cap-and-trade-tax.htm

Companies are then given an allotment of credits, commonly known as carbon credits, for the amount of pollutants they would be allowed to emit. Some nations that have implemented cap and trade programs provide for an auction where companies bid on and purchase their carbon credits. Over time, the government would lower the amount of pollutants that could be released into the atmosphere, creating a steady reduction in the amount of carbon dioxide and other pollutants that are produced and released into the air.

The “trade” portion of cap and trade comes into play when companies produce more or less carbon dioxide than they were allotted. Companies that produce more pollution that their allotment may trade or purchase credits from companies that produce less pollution than they are allowed. The desired result of cap and trade is that companies that produce a lot of pollution will be motivated to reduce the amount of pollutants that they release into the air, in an effort to avoid continually having to purchase additional carbon credits.

The controversy that surrounds cap and trade is that companies who must purchase additional credits will, in all likelihood, pass on the additional cost of purchasing credits to consumers. Companies that are likely to be affected the most by the cap and trade tax are utility companies and major manufacturing companies that utilize large amounts of fossil fuels. Therefore cap and trade may result in higher prices for goods and services, such as utilities. This increased cost of doing business and the passing on of these costs to consumers as a result of government policy, is the reason that cap and trade is often referred to as the cap and trade tax, even though in many instances it is not technically called a tax.