General Electric CEO Jeff Immelt, a left-wing panderer who has presided over his company’s decline in recent years, says the economy-killing cap-and-trade system of trading emission permits is the best way to crack down on carbon emissions, Jeff Poor of NewsBusters writes.
And Immelt seems to be using his company’s media conglomerate NBC Universal, which owns media outlets NBC, MSNBC and CNBC, to promote GE’s financial interest in regulating carbon.
GE is also a major player in the United States Climate Action Partnership (USCAP), which Timothy P. Carney profiled for Capital Research Center last year in the June 2008 Organization Trends. USCAP is also pushing for cap-and-trade.
So is Goldman Sachs , which along with Al Gore, will rake in incomprehensibly huge sums of money from carbon trading.