It seems the likelihood is growing that the Green-House-Gas (GHG) alarmists' political lobbying may result in final overkill. One of the more serious indications of this is the defection of big business, who had previously sought new opportunities in eco-business but not expected stubborn fundamentalism.
With eco-lobbyists raising the carbon cut targets relentlessly, investment in the mitigation industry looks increasingly risky or outright futile. That’s why even some of the most committed international companies behind the scenes are looking for alternatives to mitigation. When ten of the largest US companies and four environmental groups had formed the U.S. Climate Change Partnership (USCAP) early last year it “was seen as a watershed in corporate environmentalism.” Now it seems some of these are getting disenchanted and place investments in policies that clearly undermine carbon cutting efforts:
Three high-profile USCAP members—General Electric, Caterpillar (CAT), and Alcoa (AA)—also sit on the board of the Center for Energy & Economic Development (CEED), an Alexandria (Va.) group formed in 1992 that opposes regulations on greenhouse-gas emissions. In April, 2007, CEED's board unanimously signed a position paper that, in part, described as "draconian" one federal climate bill that would require a 65% reduction in emissions by 2050.
Too much politicization, as has been the case in global warming regulation stampede, rarely pays off:
Other business groups are also stepping up opposition to global warming regulations. At the end of 2007, the U.S. Chamber of Commerce launched a television commercial that lampooned carbon reductions, depicting a family sleeping in full winter garb, a man cooking eggs over candles, and people jogging to work in business suits, while the narrator intoned: "Climate legislation being considered by Congress could make it too expensive to heat our homes, power our lives, and drive our cars."
