Billionaire Obama adviser Tom Steyer: Punish companies that ignore climate change – The hammer should come down: “We need to reward people whose behavior reduces climate risk and penalize people who add to it,” said Thomas Steyer, a former hedge fund manager and environmentalist who is a major player and funder of climate change initiatives. “Climate risk should be taken into account by every business and every investor,” he said at a New York press conference to unveil a report on how global warming could cool the U.S. economy.
Hank Paulson Pushes Carbon Tax To Avoid ‘Climate Bubble’ – Morano responds: ‘The Earth’s climate will not notice the impacts of a carbon tax one way or another’ – Daily Caller excerpt: Paulson’s oped was criticized as “fear mongering” by global warming skeptics and those opposed to carbon taxes as a solution to global warming. “It’s hard to determine what is more delusional, Paulson thinking the climate can be bailed out with a carbon tax or actually believing his actions as Treasury Secretary bailed out the U.S. economy,” Marc Morano, publisher of Climate Depot, told The Daily Caller News Foundation. “The Earth’s climate will not notice the impacts of a carbon tax one way or another,” Morano said. “But sadly for Americans, the impacts of a carbon tax would be felt daily. Paulson seems to believe that a carbon tax would in some way impact the climate.”…“I would say that Paulson should stick with his expertise in finances, but after the wrath of destruction his policies left on America, I think it is wise if Paulson avoids both finance and climate,” Morano said.