THE GUARDIAN – 26/06/09

In this article, Reuters’ columnist Matthew Goldstein queries both the Republican opposition to and Obama’s support of the idea of carbon trading. He suggests that, whilst the Republicans would be expected to back such a ‘classic Wall Street-driven solution’, Obama’s administration would more likely oppose any scheme that will ‘fatten the wallets of Wall Street traders’. He wonders why Obama does not show more support for a carbon tax, which ‘would get the job done without the kind of wealth transfer to the gilded class that Republicans generally support’. Read the article…