DECEMBER CO-2 AUCTION SHOWS SURPLUS OF CAP & TRADE WOES

How low can Northeast cap-and-trade go?  The demand for carbon emission permits dove to new depths at the December auction of the Regional Greenhouse Gas Initiative. 
RGGI managed to sell only 57 percent of the carbon dioxide emission permits offered by its 10 participating states.  At past auctions, demand exceeded supply by up to fourfold.  The [...]

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WHY RGGI IS FAILING & UNLIKELY TO CUT CO-2 EMISSIONS BEFORE 2030 Investigative Report by Mark Lagerkvist

A very inconvenient truth is surfacing at the Regional Greenhouse Gas Initiative:  The Northeast’s 10-state cap-and-trade scheme is failing.
For the next 20 years, RGGI is not likely to significiantly impact carbon dioxide emissions, according to projections by its own consultants and energy officials.  A New Jersey Watchdog analysis of their data and estimates shows:

Carbon emissions by electric power plants [...]

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LT. GOV. GUADAGNO & THE $170K STATE PENSION SCAM

False statements by Lt. Governor Kim Guadagno enabled a police official to improperly receive $170,000 from a state pension fund, according to a New Jersey Watchdog investigation.
As Monmouth County Sheriff, Guadagno helped Chief Michael W. Donovan Jr. circumvent pension rules to collect more than $85,000 a year in retirement pay while drawing an annual salary [...]

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LT. GOV. GUADAGNO & THE $170,000 STATE PENSION FUND SCAM – Investigative Report by Mark Lagerkvist

False statements by Lt. Governor Kim Guadagno enabled a police official to improperly receive $170,000 from a state pension fund, according to a New Jersey Watchdog investigation.
As Monmouth County Sheriff, Guadagno helped Chief Michael W. Donovan Jr. circumvent pension rules to collect more than $85,000 a year in retirement pay while drawing an annual salary [...]

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THE SECRETS TEN STATES & WALL STREET DON’T WANT YOU TO KNOW by Mark Lagerkvist

 

Secrecy and greed are polluting the Regional Greenhouse Gas Initiative, the nation’s first mandatory cap-and-trade system.  Under the RGGI scheme, the smell of profiteering is powerful.  New Jersey and nine other Northeast states have sold $729 million in carbon dioxide permits since 2008.
The bidders at RGGI auctions include Goldman Sachs, Morgan Stanley, Merrill Lynch, JPMorgan Chase [...]

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ASSEMB. DAVE RIBLE & NJ’s RUNAWAY PENSION SYSTEM – by Mark Lagerkvist

Assemblyman David P. Rible retired as a Wall Township police officer at age 31 with a bad back and a fat pension.  He’s collected  $570,000 in disability payments since a state board decided he was “totally and permanently disabled.” 
Yet Rible competes in five-mile and five-kilometer runs along the Jersey Shore.  He exercises at a gym, dances as a celebrity [...]

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