Christie to pull N.J. out of cap-and-trade energy program

[Swede]

The move was applauded by business leaders who said RGGI, a cap-and-trade program, drives up energy rates because energy producers who are forced to buy credits for the carbon they emit pass that cost along to their customers.

“High energy costs, like taxes, just make New Jersey a tougher state in which to do business,” said Philip Kirschner, president of the New Jersey Business & Industry Association.

Federal environmental regulators on Thursday urged Christie to reconsider his decision. Brendan Gilfillan, a spokesman for the Environmental Protection Agency, said the program helps reduce air pollution, promotes clean energy and creates jobs.

http://www.northjersey.com/news/politics/052611_Christie_to_pull_NJ_out_of_cap-and-trade_energy_program.html

[abelenkpe]

1. that's foolish. nt

[Laxman]

2. "we can do better on our own"

Really? How would that work Chris? Not to mention the $64 million in RGGI money that was supposed to be invested in alternative energy technology that you raided to help pay for your millionaire's tax cut.