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Filmmakers take on cap-and-trade

November 23, 2009
The OIPA's favorite filmmakers are back in the news, this time penning an op-ed criticizing the environmental hysteria aimed and oil and gas.

Ann McElhinney and Phelim McAleer, whose documentary "Nor Evil Just Wrong" was featured at the 2009 Annual Meeting, say the Obama administration has put political roadblocks in the path to progress by promoting cap-and-trade legislation and canceling leases fir oil-shale development in the West.

From the Denver Post:

As Europeans, we can't understand such contempt. This country is blessed with an abundance of natural resources that produce cheap energy and foster economic progress. Forsaking those natural resources in reaction to the kind of global warming hysteria we expose in our documentary "Not Evil Just Wrong" jeopardizes the American dream for millions of people.

We know because we have seen the consequences of alarmism in Europe. Spain believed the hype about environmental regulation creating "green jobs" and boosting the economy, and now 18 percent of Spaniards are unemployed. Every green job cost the government $800,000 to create and killed two other real jobs.

Two studies released in August show just how destructive the cap-and-trade regime would be for Colorado. The Heritage Foundation predicted the House-passed bill could kill nearly 29,000 jobs in 2012; the National Association of Manufacturers said the number could reach 36,000 by 2030.

Electricity prices in the state would jump $809 a year, and gas would cost $1.31 more per gallon, according to Heritage. And NAM said disposable household income would drop $537 to $991 a year by 2030 because of costly electricity.

Colorado won't take the only hit, as the economic impact of cap-and- trade will be felt nationally. The Obama administration admitted as much in September albeit grudgingly, after a Freedom of Information Act request by the Competitive Enterprise Institute.

By the Treasury Department's estimate, the regulations would cost the average American $1,761 a year. That's a rosy prediction, according to Heritage. Its analysis pegs the cost at an average of $2,979 a year and as much as $4,600 a year by 2035.
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