Group Sues NJ Over Pulling Out Of Cap And Trade Program?
The Natural Resources Defense Council and Environment New Jersey has filed a lawsuit against the state of New Jersey because they have pulled out of a 10 state climate initiative, known as Regional Greenhouse Gas Initiative (RGGI).
It is a cap and trade program. We recall what Barack Obama said about cap and trade in 2008 during the campaign.
Under my plan of a cap and trade system, electricity rates would necessarily skyrocket…even regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations.
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