In the confirmation hearings today of Steven Chu, President-elect Obama’s choice for U.S. Energy Secretary, Chu told lawmakers that the Obama administration will seek to enact a cap-and-trade system to limit so-called global warming emissions. I find it incredibly ironic that in the same appearance, he also discussed the “parts of Obama’s planned economic stimulus plan that relate to energy.” I find it impossible to believe that a cap-and-trade system and efforts to stimulate the economy could possibly go hand in hand. Click here to read more about the hearings.
