Monday, May 25, 2009

Climate-Financial-Regulatory complex

At Climate Hell, Steven Milloy lays out a corrupt pattern of conflicts of interest.

President Obama’s so-called Economic Recovery Advisory Board held its first quarterly meeting today — it was a spectacle of the sort of self-dealing and corruption that we may rightly expect to become routine if cap-and-trade legislation passes.

After the meeting, CNBC’s Becky Quick interviewed ERAB board member John Doerr, head of the venture capital firm of Kleiner Perkins — that’s right, the very same Kleiner Perkins that has invested more than $1 billion in 40 cap-and-trade-dependent business ventures and that has Al Gore as a partner.

Doerr said that ERAB talked about the need for:
» Green technologies;
» Cap-and-trade; and
» Rewarding electric utilities for selling less electricity.

Doerr also told Quick that an EPA analysis showed that cap-and-trade would cost Americans less than $100 per year. (LOL!)

But we have no reason to believe that Doerr wouldn’t say and do absolutely anything to help ram through cap-and-trade legislation that would enable his firm to steal billions of dollars from consumers and taxpayers through bogus Al Gore-endorsed “green technologies.”
Names are named, interests are disclosed.
So of the 16 members of Obama’s Economic Recovery Advisory Board, only one (Feldstein) opposes cap-and-trade. At least six (Immelt, Owens, Doerr, Ferguson, Wolf, Phillips) expect direct financial benefits from cap-and-trade. The remaining members are either Obama supporters/employees or union representatives. Taxpayers, consumers and non-rent-seeking businesses have been left out in the cold.
Thanks to Planet Gore. And see below, Lomborg on Climate-Industrial Complex.


blake said...

Hmmm. I think you mean "Names are named"?

Hector Owen said...

Yes I did.

blake said...

Anyway, we live in interesting times, eh, what?