Carbon Tax On Electricity To Send Prices Skyrocketing

Carbon Tax On Electricity To Send Prices Skyrocketing


Paul Joseph Watson
Prison Planet.com
Monday, June 21, 2010



Americans already laboring under the financial duress of massive unemployment and the threat of a double-dip recession will be hit with massive electricity bill hikes if President Obama succeeds in ramming through the first salvo of his “green agenda” – a carbon tax on electricity companies which will be passed on to customers.

Obama is in a race against time to exploit fears over climate change as poll numbers show increasing skepticism towards the issue since the Climategate scandal emerged late last year. He is preparing to rush though a weakened version of the Kerry-Lieberman climate bill in an attempt to get a foot in the door, before pursuing the rest of the agenda after the November mid-term elections.

Part of this effort to pass a scaled back version of the climate change bill will be a version that only includes carbon caps on electric utilities, White House advisor Rahm Emanuel has indicated.

“The idea of a ‘utilities only’ [approach] will also be welcomed,” said Emanuel on Friday.

As Raw Story points out, this would “greatly leverage the profitability of US nuclear power generator Exelon,” which Emanuel helped create.

As the Wall Street Journal noted on Friday, the idea is to get the carbon trading system, which is primarily owned by oil companies, the Rothschild family and people like Al Gore, in place before expanding it to other industries.

The elite are still desperate to impose a consumption tax on Americans as part of the move towards a “post-industrial revolution” and the kind of nightmare “green economy” that has left Spain with a 20 per cent unemployment rate. In a so-called green economy, over 2.2 jobs are lost for every “green job” created. Electricity prices in Spain have “skyrocketed” since the implemented of these policies, according to a leaked government report.

A d v e r t i s e m e n t
The EPA has been busy floating propaganda about how Obama’s cap and trade legislation would cost Americans an average of $79 to $146 per year. In reality, as we have documented, the stronger provisions of the bill would see around $2.9 trillion shaved off the economy by the year 2050 if enacted. The legislation would also reduce GDP by 6.9 percent – a figure comparable with the economic meltdown of 1929 and 1930.

A carbon tax would impact almost every aspect of Americans’ lives, from higher gas prices, to soaring utility bills, to exorbitant excesses related to the “energy efficiency” of their homes. It would be enforced by an army of environmental regulators and green police poking their noses into the private affairs of citizens.

The “green economy” is nothing more than a euphemism for an organized effort on behalf of big business and the government to completely eviscerate the middle class and introduce levies and regulation into every area of their lives.

Massive oil companies like British Petroleum, who Obama pretends to be fighting when he reads off his teleprompter, were amongst the founding members of the carbon trade lobby. BP has supported the Kerry-Lieberman climate bill and other so-called “green” initiatives every step of the way because, far from acting as a punishment for big polluters, they represent a financial windfall.

“As Democrats fight to advance climate change policies, they are resorting to the misleading tactics they used in their health care and finance efforts: posing as the scourges of the special interests and tarring “reform” opponents as the stooges of big business,” writes the Washington Examiner’s Timothy P. Carney.

“There’s a problem: BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation’s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas.”

Indeed, BP has “explicitly backed” a “higher gas tax,” because the money will end up back in their coffers. If Obama limits the carbon tax to electricity companies, BP won’t be affected. However, even if the tax is expanded to include oil companies, the costs will merely be passed on to the consumer in the form of gas rate hikes. Obama’s constant call to reduce dependence on oil also helps companies like BP sell the myth of artificial scarcity, which in turn boosts the price of oil to their benefit.

Transnational oil companies like British Petroleum and Exxon Mobil have been amongst the biggest promoters of man-made global warming because they are headed up by globalists who understand that the carbon tax will do nothing to help the environment but will be used to bankroll the implementation of global government while swallowing up whatever deposable income impoverished Americans have