Monday, June 02, 2008

Craven Duke CEO likens global warming bill to "Mafia" activity


As you know, the historic debate on the so-called Lieberman-Warner climate bill is about to begin later today. Even though we really need Congress to get moving on this issue, few people predict legislative success in this session.

(We think passage of this bill is about as likely as Big Brown running dead last in the Belmont Stakes.)

One reason is the often duplicitous opposition by some industry figures, most prominently Duke Energy CEO Jim Rogers.

We’ve pointed out some of the Duke Double-Speak at http://www.cleanairwatch.org/Documents%20&%20Reports/DukeDoubleSpeak.pdf

More recently, in an excellent Washington Post story by Juliet Eilperin and Steve Mufson, Rogers seemed to lose his marbles. He likened the Lieberman-Warner bill to a Mafia creation! See link and quote below.

We all know that Rogers is really just trying to boost his company’s sputtering stock price.

Maybe we need to bring in James Gandolfini or Robert De Niro to straighten this guy out…

http://www.washingtonpost.com/wp-dyn/content/article/2008/05/31/AR2008053102471.html?hpid=moreheadlines

…But it has run into opposition from some energy titans who say they favor a cap-and-trade system for greenhouse gas emissions but argue that this version is the wrong one and will cost consumers too much.

"This is just a money grab," said James E. Rogers, the chief executive of Duke Energy. Rogers says he supports a cap-and-trade system but argues that this bill raises too much revenue from coal users while diverting too much of it to other purposes. "Only the mafia could create an organization that would skim money off the top the way this legislation would skim money off the top," he said. Duke, with customers in Ohio, Indiana and the Carolinas, relies heavily on coal-fired plants.

1 comment:

L.L. Norton said...

Hey, this guy is disgusting!

He's like a kidnapper demanding ransom. In this case, he's demanding ransom to give back our air!