It would be nice if this decision had been made based on the fact that the science behind global warming, which Cap & Trade is allegedly supposed to correct, is pure bunk. Instead, the decision has been made based on fears over what Cap & Trade would do to the French economy.
From the Associated Press: “PARIS —
France is backing down from a plan to tax carbon-dioxide emissions that had been a central plank of President Nicolas Sarkozy’s push for a more prominent role in the global fight against climate change.”
The irony is this comes after Socialist election victories this weekend.
Read the entire article here.