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Friday, March 20, 2009

Obama Climate Plan Costs $2 Trillion

President Obama's climate plan could cost industry close to $2 trillion, nearly three times the White House's initial estimate of the so-called "cap-and-trade" legislation, according to Senate staffers who were briefed by the White House.

It’s a big number that will accomplish nothing since, according to IPCC formulas, it would cost about $100 trillion to avert 1 degree Celsius of global warming through reducing CO2 emissions.

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