It looks like “green energy” is providing a new avenue for our politicians to funnel taxpayer money to friends and family. The following article describes the City of Chicago’s purchase of carbon credits:
http://www.chicagotribune.com/news/local/chi-daley-green-power-bd22-mar22,0,6177898.story
Based on the details in the above article it is obvious that Chicago is sending money to a producer of electricity in another state and receiving nothing in return. I have not researched this transaction but based on my knowledge of Chicago politics I would expect to find that the trader that handles these transactions and the utility that ultimately is receiving the money are somehow connected to local Chicago politicians.
This is a small example of what to expect from our federal government’s proposed “cap and trade” system.
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