The Climate-Industrial Complex
Original post made by Sharon, Midtown, on May 21, 2009
"Some business leaders are cozying up with politicians and scientists to demand swift, drastic action on global warming.
This is a new twist on a very old practice: companies using public policy to line their own pockets.
The tight relationship between the groups echoes the relationship among weapons makers, researchers and the U.S. military during the Cold War. President Dwight Eisenhower famously warned about the might of the "military-industrial complex," cautioning that "the potential for the disastrous rise of misplaced power exists and will persist."
He worried that
"there is a recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties.".........
U.S. companies and interest groups involved with climate change hired 2,430 lobbyists just last year, up 300% from five years ago.
Fifty of the biggest U.S. electric utilities -- including Duke -- spent $51 million on lobbyists in just six months.
American electricity utility Duke Energy, a member of the Copenhagen Climate Council, has long promoted a U.S. cap-and-trade scheme.
Yet the company bitterly opposed the Warner-Lieberman bill in the U.S. Senate that would have created such a scheme because it did not include European-style handouts to coal companies.
The Waxman-Markey bill in the House of Representatives promises to bring back the free lunch."
By Douglas Moran | 10 comments | 1,695 views