Consumer advocate and frequent presidential candidate Ralph Nader said the Obama administration’s proposed cap-and-trade system, aimed at reducing emissions of carbon dioxide, won’t work.
“I mean, it’s not going to work,” the liberal Nader told the New York Times.
“It’s too complex. It’s too easily manipulated politically. Right now, they’re having a battle over whether they can even auction the credits off for money. The industry doesn’t want auctions for money. So, they’re already having a battle right from the takeoff.”