Folk wisdom tells us, “Where there’s smoke, there’s carbon emissions.” And where there are carbon emissions, there are internationalists hell-bent on hobbling the American economy in the name of Global Warming. Several recent signs:
- In 2010, the Treasury Department commissioned a National Academy of Science study of the best ways to “green” the tax code. The report was originally due in September, but an extension has been granted until early 2013.
- International banking and financial services giant HSBC Holdings Plc expects the Obama Administration to implement a $20/ton carbon tax (plus 6% per year increase) in its second term, to serve as “revenue enhancement” and as a replacement for the ill-fated Cap-and-Trade scheme.
- The Treasury Department’s Office of Environment and Energy has given the Heisman treatment to a Freedom of Information Act request from the Competitive Enterprise Institute for its emails and economic analysis relative to carbon tax proposals. CEI has filed suit in an effort to compel disclosure.
- Last but not least, the idea of a carbon tax has been embraced by the unlikeliest suspects: ExxonMobil, BP and Shell.