WEEKEND MORNING

BUZZ

ARTICLES OF THE WEEK

Another Delaware LLC
Political Scam: California Air Resources Board Becomes Secretive

Entity to “Handle” $50 Billion Plus in Cap and Trade Carbon-Emission
Funds

"Investigative Journalist Group CalWatchdog reporter Katy Grimes
recently broke the story that the California Air Resources Board –a
government body that is suppose to be responsible for air quuality – has
quietly turned itself into a secretive Delaware LLC:"The little jewel,
secretly placed into a trailer bill in the recently passed state budget,
will allow the California Air Resources Board to conduct state business
without any of that pesky transparency stuff,” she wrote.

According to legislative staffers, the California
Resources Board, with help from Democratic Assembly Speaker John Perez,
D-Los Angeles, figured out a way to exempt itself from the state’s open
meeting act….Government Code 11120, the Bagley-Keene Open Meeting Act,
is explicitly exempted in the language of budget trailer bill SB 1018.
"That was the final nail in the coffin of transparency," a Capitol
staffer commented. In other words, John Perez buried in an entirely
unrelated bill, language that allows the Board to slip from public
accountability into a privately held status – with no oversight, and
freedom to move around billions of taxpayer dollars to unexemanable
recipients.

What happened then? the CARB set up a company called Western Climate
Inc., to manage the upcoming cap and trade auctions. I last wrote about
the Delaware LLC , I called it government and corporate America's dirty
little secret -- and this example is as dirty as it gets.

Delaware companies, as I noted in that piece, are more secretive than
Swiss bank accounts and they allow investors
in corporations unprecedented power to hide their wealth and their
individual identities through its secretive legal methods.

So now, the new company – “Western Climate Initiative’ -- is in a
position to make politicians into anonymous investors -- who can be paid
off, via the LLc, by companies that are looking to profit from the
carbon trade auctions, and from the allocation of the funds.

At the same time, Assembly Bill 1532, sponsored by that same John
Perez, D-Los Angeles, would deposit Cap and Trade pollution permit
monies into a new “Greenhouse Gas Reduction Account.” Who would control
all that money? The California Air Resources Board – now with their
attached Llc.

CalWatchdog reporter Katy Grimes astutely notes that, "Delaware is
not subject to California state open meeting or sunshine laws, leaving
many questioning why CARB opted for such secrecy. The only reason to
register the corporation in Delaware is the lack public or legislative
scrutiny on any of their meetings or actions they take."

The bottom line is the way the California state
Legislature is passing “cap and trade” bills – and handling the
subsequent billions of dollars -- is highly suspect. Haven't we learned
that no matter how good the messaging, or how noble supposed cause -- it
is never a good idea to allow giant slush funds to be amassed in secret
by politicians."

http://dailycloudt.com/voice/372/another-delaware-llc-political-scam-california-air-resources-board-becomes-secretive-entity-to

CARB's Cap And Trade Discriminates....No Payoffs

"When you peal back the layers, the real issue here is
not environmental protection it is more about assuring that the
environmental agencies filing the complaint get access to the Cap and
Trade slush fund. They want CARB to buy them off with an assurance they
will have access to the billion dollar slush fund. It is all about the
money."

http://2012nevadacounty.wordpress.com/2012/06/11/carbs-cap-and-trade-discriminates-no-payoff/%20

All sides agree a carbon tax could be included in
expected tax code overhaul
http://www.eenews.net/public/EEDaily/2012/07/16/1

OTHER NEWS

Multi State Climate Intiative
http://www.c2es.org/us-states-regions/regional-climate-initiatives

The Harper government has been
utterly consistent in stressing that it would not pursue policies that
would damage the economy
http://www.financialpost.com/m/wp/fp-comment/blog.html?b=opinion.financialpost.com/2012/09/27/peter-foster-bald-faced-%C2%ADclimate-policy

Arizona: Worm Turning On Global Warming Mandates
http://wuiinc.org/wp/?p=721

Is There Cap And Trade In Colorado?
http://stephensforcolorado.com/cap-trade-in-colorado/

Regional Greenhouse Gas Initiative 'a catalyst of
growth' in Connecticut
http://nhregister.com/articles/2012/04/30/business/doc4f9f437556713828721187.txt

Georgia: Carbon Tax Clean Energy
http://blogs.ajc.com/atlanta-forward/2012/10/18/carbon-tax-clean-energy/?cxntfid=blogs_atlanta_forward

Illinois: Plummer criticizes Democrat opponent as "out
of touch" on cap and trade
http://illinoisreview.typepad.com/illinoisreview/2012/07/plummer-criticizes-democrat-opponent-as-out-of-touch-on-cap-and-trade.html

Report: Maine's Participation
in Greenhouse Gas Emission Cap & Trade an Economic Boon
http://www.mpbn.net/Home/tabid/36/ctl/ViewItem/mid/3478/ItemId/21600/Default.aspx

Massechussettes Has A
Mandatory Cap And Trade System

"the first
and only mandatory cap-and-trade scheme in America. Cap-and-trade
creates long-term regulatory certainty for utilities to switch from
fossil fuels to clean energy."

http://insideclimatenews.org/news/20120420/this-week-clean-economy-cap-and-trade-regional-greenhouse-gas-initative-carbon-emissions-new-jersey-global-warming

Report: RGGI nets N.H. $17
million

Click
Here TO READ

New Jersey: Bogus pro RGGI
Exposed As Flawed
http://americansforprosperity.org/new-jersey/issues/banking-

financial-services/

New Report: “No Debate” on Clean Energy Savings for New
Yorkers
http://www.publicnewsservice.org/index.php?/content/article/26019-1

South Carolina: Some Conservatives are Pushing for
Carbon Tax Swaps
http://news.heartland.org/newspaper-article/2012/08/11/some-conservatives-are-pushing-carbon-tax-swaps

Texas: Mass Emissions Cap and Trade (MECT)
Program
http://www.tceq.texas.gov/airquality/banking/mass_ect_prog.html

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