Is Cap and Trade further proof Lobbyists are creating our current Government Policies?

Global warming is now officially a bust, cap and trade is all but dead what new global issue will money hungry corporations brew up that we will end up paying for?

I recently read about how John Rowe CEO of Exelon has all but thrown in the towel over fighting to help his company boost it’s profits by pressing Congress to pass Cap and Trade legislation over emissions emitted by coal fired electrical generating plants.

Quote: “Mr. Rowe has been a high-profile lobbyist for carbon limits, which would benefit Exelon because its nuclear power plants don’t emit greenhouse gases. But without the cap-and-trade legislation, wholesale electric prices — by far the most important factor determining Exelon’s profits — are expected to stay low.”

A perfect example of the axiom of “Follow the Money” and it will lead you to who is driving these pieces of legislation and you find the truth of the matter. Without cap and trade Exelon’s profits will remain lower than needed which will depress it’s stock price below the level it needs to leverage mergers it needed to buy out it’s competitors in a bid to make it the single largest utility provider.

I mean we may not give a $hit over Exelons profits…obviously they do…and apparently they convinced enough congressmen to press for Cap and Trade legislation all because the most powerful lobbyist. So I am asking what others Jellies thoughts are on these lobbyist driven legislation. Was cap and trade really about greenhouse gases or more about raising the price of electricity so nuclear power becomes more profitable?