Job losses start with steel plant move
Citing a letter from Tom Carter of Geneva in the Dec. 19 Fence Post citing so-called "nonpartisan" groups that did not "predict energy shortages or loss of jobs" as a result of Cap and Trade, I invite Mr. Carter to read the Dec. 17 Wall Street Journal article that reports the closing of a major steel mill in the U.K., with the loss of 1,700 high-paying union jobs.
The steel company will be rewarded with as much as $300 million per year for removing the 6 million tons of carbon from its emissions. The steel company, Tata, India's largest steel company, will move production to plants in India that will emit as much or more carbon than the plant in the U.K.
Perhaps Mr. Carter can tell us who pays the millions of dollars for closing the plant and how the U.K. will replace the taxes paid by the laid-off workers. This is one very small part of the trillions that will be paid by developed countries to shutter manufacturing plants and send the very same CO2 production to the developing nations.
John Schweizer
West Dundee