J Wayne Leonard, CEO of the energy company Entergy, has an op-ed in the New York Times arguing for a carbon cap-and-trade program and against a renewable portfolio standard. What's his beef with an RPS? The problem, according to Leonard, is that an RPS would force his company to invest in renewable energy (!), while a cap-and-trade program would not. Clean coal uber alles! This, I think, is why some people are suspicious of corporate climate kumbayas like USCAP. There's a sense that perhaps some of the companies are signing on not because they think cap-and-trade will force them to …
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