Dear producers:
Beware of environmental activists bearing free carbon allowances!

Climate bill supporters are trying to attract Senate votes for Waxman-Markey by touting the free carbon allowances that would be allocated to individual states. An analysis by the World Resources Institute (http://greenhellblog.files.wordpress.com/2009/07/wrifreeallowances.pdf) estimates the range of free carbon allowances for energy consumer assistance programs on a per capita basis at $40/person (California) to $160/person (Wyoming) for the year 2016. The average assistance level is $90/person.

While such “free money” sounds great, it does have a hidden cost — higher energy prices that far exceed the value of the allowances.

For example, Georgia residents would receive about $80/person/year in free allowances to offset higher energy costs. But the head of the Georgia Public Service Commission recently stated that a climate bill would raise energy costs to the average Georgia Power customers by an estimated $66/month by 2020. So while a family of four might get free allowances worth $320/year, their cost of electricity would increase by $792/year, a net loss of $472/year.

Would you pay that much money annually for a government program that accomplishes nothing?

To discuss this issue and how Waxman-Markey will impact your family, finances and business, please contact us to schedule an interview with Steve Milloy, Publisher of JunkScience.com and author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.
Best,
Audrey Mullen
Advocacy Ink
Ph. 703-548-1160