Todd Wynn

Several corporations recently cancelled their membership in the U.S. Chamber of Commerce over differing views on cap-and-trade legislation. The Chamber of Commerce wants to pursue a rational debate over the direction the nation should take on climate change legislation. Corporations like Nike, Apple and Exelon subsequently left the Chamber of Commerce for a number of reasons. “Saving the planet” is probably not one of them.

As it happens, Al Gore is a member of the board of Apple, and Apple’s Chief Operating Officer, Tim Cook, sits on the board of Nike. So it should be fairly obvious why Nike and Apple are supporting cap-and-trade. Nike’s and Apple’s manufacturing bases also lie mostly outside the United States and would be unaffected by a cap-and-trade program. Thus, both Nike and Apple can project a “green” image for their young, environmentally conscious consumers and gain a market advantage by supporting a program that could hinder their U.S.-based competitors.

Other companies, like Exelon, are simply waiting to feed from the government-imposed cap-and-trade money trough. Exelon is the biggest nuclear power operator in the country, and Exelon’s CEO John Rowe is endorsing cap-and-trade in order to cash in on the numerous subsidies and market manipulations currently written into the Senate climate bill, which could boost Exelon’s profits by $1.1 billion (39 percent).

Apparently, it’s easy being “green,” when “green” means government-guaranteed profiteering and rent-seeking.

Todd Wynn is the climate change and energy policy analyst at Cascade Policy Institute, Oregon’s free market public policy research center.

 

No comments yet.

Leave a Reply

 

Other Publications by Todd

REPORT: The Dirty Secret Behind Clean Jobs

Todd Wynn | August 22, 2011
With unemployment on the rise, new jobs are scarce. Creating jobs has become a top priority for politicians. One can hardly watch the news without ...  read more

BPA Fact Sheet

Todd Wynn | June 8, 2011
Despite considerable fears raised by activist groups and the press, the science does not warrant regulations on Bisphenol-A (BPA). Instead, it shows that human exposure ...  read more

The ABCs of Environmental Hysteria: Activists, Bisphenol-A and Children

Todd Wynn | April 26, 2011
Spreading like wildfire, more attempts have been made to ban Bisphenol-A (BPA) at the state level in 2011 than in any previous year. More than ...  read more

More On These Topics

School Choice Fosters Students’ “Profound Gratitude,” Author Says

Kathryn Hickok | September 17, 2014
Students everywhere are back in school, including grade school children from low-income families who are attending Oregon private schools thanks to the Children’s Scholarship Fund-Portland. ...  read more

The PUC Is Right: Some Conservation Projects No Longer Make Sense

John Charles | September 11, 2014
The Energy Trust of Oregon (ETO) is a nonprofit organization funded by taxes imposed on utility ratepayers. Most of the tax money is spent on ...  read more

The Votes Are In: Small Scholarships Have a Big Impact

Kathryn Hickok | September 3, 2014
The Children’s Scholarship Fund is a nationally recognized, privately funded scholarship program which has helped more than 139,000 low-income children attend tuition-based elementary schools nationwide ...  read more