I can't recommend this article enough for those looking for all the arguments against the Waxman-Markey climate change bill.
Bottom line: the law may very well do nothing to reduce carbon emissions, and even make the problem worse, all while adding tons of cruft and handouts to an already-byzantine system of energy/agriculture regulation.
There are literally 50 reasons on that list why Waxman-Markey is a bad idea, and it's really hard to pick just a few to excerpt, but seeing as how I've been working at a lobbying firm this summer and so that's what's on my mind, let's do this one:
3. With its rich menu of corporate subsidies and special set-asides for politically connected industries, Waxman-Markey has inspired a new corporate interest group, USCAP, the United States Climate Action Partnership — the group largely responsible for the fact that carbon permits are being given away like candy at Christmas rather than auctioned. And who is lined up to receive a piece of the massive wealth transfer that Waxman-Markey will mandate? Canada Free Press lists:
Alcoa, American International Group (AIG) which withdrew after accepting government bailout money, Boston Scientific Corporation, BP America Inc., Caterpillar Inc., Chrysler LLC (which continues to lobby with taxpayer dollars), ConocoPhillips, Deere & Company, The Dow Chemical Company, Duke Energy, DuPont, Environmental Defense, Exelon Corporation, Ford Motor Company, FPL Group, Inc., General Electric, General Motors Corp. (now owned by the Obama administration), Johnson & Johnson, Marsh, Inc., National Wildlife Federation, Natural Resources Defense Council, The Nature Conservancy, NRG Energy, Inc., Pepsico, Pew Center on Global Climate Change, PG&E Corporation, PNM Resources, Rio Tinto, Shell, Siemens Corporation, World Resources Institute, Xerox Corporation.
Pew, NRDC, and the Environmental Defense Fund are what stood out to me. I guess you can cross those off your list of organizations you can trust on environmental and energy issues.
One thing that I would like to have seen in that article, though, are some more links. For example, can anyone at the National Review explain to me the lack of citation here (number 11 on the list)?
Two peer-reviewed scientific papers suggest that no-till either does nothing to decrease carbon dioxide or actually increases the level of greenhouse-gas emissions by upping emissions of nitrous oxide — a much more powerful greenhouse gas.