By any name, the bill is STILL a failure. Global warming will not be affected. Neither will CO2. And our industries will flee the country.
And here is the proof:
India Rejects Any Greenhouse-Gas Cuts Under New Climate Treaty
India said it will reject any new treaty to limit global warming that makes the country reduce greenhouse-gas emissions because that will undermine its energy consumption, transportation and food security.At the Bonn Talks:
Yvo de Boer, the UN climate change chief, said that a worldwide pact to prevent global warming was “physically impossible”.China and Japan won't play along
At Pelosi's meeting in China - Rep. James Sensenbrenner (R-WI):(emphasis mine)
China will not make a binding commitment to reduce carbon emissions, putting in jeopardy the prospects for a global pact on climate change.
Officials from Beijing told a UN conference in Bonn yesterday that China would increase its emissions to develop its economy rather than sign up to mandatory cuts …Hopes that Copenhagen might deliver tougher carbon reduction targets were dashed further when Japan failed to make a significant commitment to reduce emissions.
He point-blank asked the Premier and other high officials if they were going to participate in whatever “process” comes out of the big Copenhagen meeting (the successor to Kyoto) in December; he was told by everyone of whom he asked that question that: No, China would not be signing on to any agreements in Copenhagen - they instead plan to set up their own standards and do things their own way. Whatever “mechanisms” come out of Copenhagen, it is clear that China, India, and many other countries simply will be opting not to participate.
Rep. Sensenbrenner’s main fear vis-a-vis the official United States participation in the Copenhagen discussions is that we will sign agreements merely for the sake of signing. (Gotta do SOMETHING! YOU CAN'T WASTE A CRISIS!)
This bill is an economic unilateral disarmament treaty. Not only is it going to destroy the coal industry, raise energy prices, force industry transfer off-shore, but, its going to let the Chinese build yet more things that we use. Our dollar is going to tank even farther.Its going to be so bad that, even though we'll have massive amounts of cheap labor available, no one will be able to use that labor to build stuff in THIS country.
Besides, if China cuts emissions, who's going to build those millions of mercury-filled "energy-saver" bulbs?
h/t Redstate, Daily Telegraph, Bloomberg