Whenever government gets bigger, I always say, somebody is getting rich. Cap-and-trade schemes to combat global warming are no exception to this rule.
Americans for Prosperity has just released a handy guide [pdf] to who’s profiting from this green push.
“In the contentious debate over cap-and-trade,” the authors write, “everyone can agree on one thing: consumers will pay, companies will benefit.”
I recommend this paper for anyone following the cap-and-trade debate, which, as I’ve argued in a few places (here, here, here, here, and elsewhere) is a corporate welfare boondoggle.