Larvatus Prodeo

Those coal eating surrender monkeys¹ sure get defensive when cornered. The latest shrill squeaking comes from Heather Ridout of AIG with the plaintive request to cut carbon dioxide later. Ali Moore nailed this duplicitous bullshit argument in an interview, pointing out that we’ll have to deal with it at some point in the cycle. Ridout’s response is to start with a ‘dry run’:

Well a dry run can take a number of forms. One approach is just to require reporting without a carbon price. Another might be to set a fixed price. So there’s a variety of things that could be put in place. We would still say we have to have a definite transition set in place so that after that dry run we move into a freer market regime where we ratchet up the targets. Hopefully by then we’ll know what the rest of the world’s going to do.

Heather, it’s called NGER. The legislation passed in 2007. Continue reading ‘Redundant Ridout’

1. Props to Tim and Lefty E [back]