All Commentary
Monday, May 18, 2009

Profit Potential Spotted in Obama Climate Policy


“[I]t may be surprising that [Alcoa] company executives are pushing Congress to pass a version of President Obama’s plan for combating global warming. After all, Obama wants to slap hefty fees on facilities like Alcoa’s that pump millions of tons of carbon dioxide and other pollutants into the air. Those fees could raise costs for the company and leave it vulnerable to foreign competitors. But a growing number of coal users have come to believe that, with the right tweaks, Obama’s plan would not only help the environment but boost their profits.” (Los Angeles Times, Monday)

 

Does it matter that these schemes won’t affect the temperature?

 

FEE Timely Classic
“Climate Change: What if They’re Right?” by Max Borders


  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.