[Ed Note: What follows is the official press release from President Donald Trump at the White House. It marks the official stance of the United States pulling out of the Paris Agreement. Though there is certainly a political aspect to this, I would like to see if we can try to avoid political bickering and focus discussion on the actual details of the press release. See, also, our previous coverage, Report: Trump Plans to Exit Paris Climate Agreement. --martyb]
From the desk of President Donald J. Trump
For Immediate Release
June 01, 2017
President Trump Puts American Jobs First
“Our government rushed to join international agreements where the United States pays the costs and bears the burdens while other countries get the benefit and pay nothing.” – President Donald J. Trump
ALREADY THE WORLD’S ENERGY LEADER: The United States had already become the leader in cutting CO2 emissions while still leading in oil & gas production.
HARMFUL TO THE AMERICAN PEOPLE: The Paris Climate Accord could cost the United States economy millions of jobs and trillions of dollars in economic output over the next several decades.
SHOULDERING THE BURDEN: Under the Paris Climate Accord, the United States would carry the burden while other countries would get the benefits.
INEFFECTIVE: Even if every nation fully complied with the Paris Climate Accord, it would barely impact the climate.
PROMISE TO THE AMERICAN PEOPLE: President Trump is fulfilling his promise to the American people to stop international agreements that disadvantage the United States.
(Score: 5, Interesting) by Anonymous Coward on Friday June 02 2017, @06:21AM (2 children)
Carbon trading is obviously loved by traders. It wouldn't just be innocent purchase of credits, with polluters buying from "green tech" makers and countries that save forests.
First of all, traders get to skim off the top. Pretty much the whole economy would pass through their hands, with them taking a cut.
Then there is the opportunity for high-frequency trading and bubbles. Recall the problems with gasoline prices that shot up from $2/gal to $4/gal, or from $3/gal to $6/gal in expensive states, and then right back down again a little later. Recall the housing bubble. Recall how Enron caused blackouts in California. Traders don't give a fuck that normal people might use resources for something other than gambling.
Carbon trading was the ultimate fantasy for that asshole. Of course he's bummed to lose the opportunity to extract money from the entire US economy. He cares not for the environment. He can go fuck himself, then die in a fire.
(Score: 1) by khallow on Friday June 02 2017, @01:03PM
(Score: 0) by Anonymous Coward on Friday June 02 2017, @01:42PM
> Then there is the opportunity for high-frequency trading and bubbles.
> Recall the housing bubble. Recall how Enron caused blackouts in California
Your post reads like you just threw together a list of every conceivable problem with any kind of market and just assumed that's the way carbon credits work.
Its pretty weak sauce.
And what do you propose instead of carbon trading?