Political Quotes

Peter DeFazio: “A cap-and-trade system is prone to market manipulation and speculation without any guarantee of meaningful greenhouse…”

On the recordAugust 5, 2009
A cap-and-trade system is prone to market manipulation and speculation without any guarantee of meaningful greenhouse gas emission reductions. A cap-and-trade has been operating in Europe for 3 years and is largely a failure.
Said by
Peter DeFazio
Democratic · Oregon

Editor's note · Context

DeFazio criticizes cap-and-trade for its potential market issues and lack of effectiveness.

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