Quote from FeenixRizin:
I think the supposed give-a-ways would be temporary, to allow companies to adjust... (ie; fire their employees and move out of the country)
Wrong.
You really need to do your homework on ACESA.
Big Coal gets a waiver until 2025.
Agribusiness is EXEMPT altogether even though it's responsible for up to 1/4 of greenhouse gas emissions.
The legislation that passed the House contains enough loopholes to make its claimed performance standards worthless, one of which prohibits the EPA from using the Clean Air Act to regulate future greenhouse gas emissions. That alone means they'll proliferate beyond what new technology reduces on its own, and only then if it's profitable to do it.
ACESA is about profits, not environmental remediation. Its emissions reduction targets are so weak, they effectively license pollution by creating a new profit center to do it.
Think a multi-trillion dollar derivatives market isn't in the works for Wall Street firms to profit from this Bill, as well as allow polluters to circumnavigate it?
Think again.
CFTC commissioner Bart Chilton is already on record saying that he believes that a carbon derivatives market will be a $2 TRILLION dollar market place.