Tuesday, November 24, 2009

Global Warming Warming: Impact on Texas and Texans

Global Warming: Impact on Texas and Texans

Global warming (if you believe it is happening or induced by man’s activities) has a price. So does turning down the world’s thermostat. The question is, who pays for reducing greenhouse gases? And is the burden shared — or shifted unfairly?

Texas could lose 137,000 to 313,00 jobs by 2020 and 170,000 to 425,000 jobs by 2030 as a result of increased energy prices due to the proposed cap and trade program. The average Texas household could pay up to an extra $1,136 on household goods and services over a year with a total potential cost to Texas families of $6.9 billion.

Comptroller Susan Combs has great information on her website:
http://www.window.state.tx.us/finances/captrade/

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