Cap & trade charade

Written by Rosa Colucci on .

Pittsburgh used to be called "The Steel City." Today we are home to health care, technology, robotics and financial services companies, and when it comes to higher education, we can still boast about University of Pittsburgh and Carnegie Mellon.

Thanks to its business diversity, Pittsburgh is economically strong. The city added jobs in 2008 while, at the same time, our nation slipped into recession and unemployment began to climb.

I am concerned that the Waxman-Markey climate change bill could confront Pittsburgh with a second recession, one it may have difficulty overcoming. The bill features a cap-and-trade system to reduce greenhouse gas emissions. But cap-and-trade is rife with complexities and subtleties that would make it easy to manipulate. Congress is already making backroom deals to give away free carbon allowances to favored companies, not mindful of the billions of dollars the carbon credits are worth. Since there's no free lunch, someone will have to pay for that pork. Who? You, me and the environment.

I would like to see progressive, transparent and positive climate change policy, but hold the pork.

Squirrel Hill


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