Texas Comptroller Susan Combs in an op-ed today panders to the flat earth society with another phony study supposedly about the legislation to alleviate global warming, saying that it will wreck the Texas economy. The study is phony because it uses discredited numbers from ideological groups that receive large contributions from polluting industries and their allies. Even worse, it is phony because it doesn’t acknowledge any of the huge benefits cap-and-trade will bring to Texas.
In Combs’s op-ed, she cites her agency’s “initial look at the cap-and-trade provisions” in the Waxman-Markey bill now pending in Congress and proceeds to lay out a worst-case scenario based on the most negative analyses from known opponents of a cap-and-trade program. Upon a close reading of this “initial look” (released as an official report), you’ll discover that the comptroller’s office openly admits that it made NO ATTEMPT to quantify any of the benefits of cap-and-trade legislation even though every neutral study on the issue Read More