EU industries say they cannot survive carbon legislation

One European industry after another tells these bureaucrats that carbon legislation will drive them out of business but the bureaucrats think that the world will follow suit and just drive up the cost of everything significantly. It won’t happen because there would be rioting in the street in some nations. Therefore those who go forward with this legislation will just cause a wealth transfer from their richer nations to exempt poorer nations. That is what the elite of the world want.

There is no man caused global warming anyway and anyone who can think instead of react to media hype knows it. So the question is why are you letting the elite and bureaucrats who could care less about your nation destroy your economy for global governance and wealth transfer?

clipped from www.printweek.com “[The draft legislation] will generate up to ?55bn per year in 2020, as the impact assessment shows. This will see the largest amount of money being taken out of the EU economy ever, unprecedented in scale and impact,” it said in a statement.  According to Finland’s Pellervo Economic Research Institute, the European Commission’s draft CO2 emission quota trading legislation will cause price hikes of between 6% and 12% when it comes into effect in 2013.  It said the trading scheme would drive energy costs up by as much as 45%. “The sector can not pass these extra costs on to final consumers, as it does not set world market prices.