He is due to testify before a House committee later today.
That said, Hansen doesn’t agree with “cap and trade” for greenhouse gas control:
He [instead] supports a “tax and dividend” approach that would raise the cost of fuels contributing to greenhouse emissions but return the revenue directly to consumers to shield them from higher energy prices.
Such an approach, of course, would also cut Congress out of the pork-distribution business.
That said, Hansen’s approach would be iffy here in a state like Texas that has deregulated electricity. That said, though, there’s an argument for the federal government requiring states to have a minimum level of utility regulation in place as part of such a bill.
No comments:
Post a Comment