The much respected CATO Institute has issued a report on the Obama energy plan to go green for the United States, and the report says the only "green" in the plan will be part of a wealth transfer.
As if that were not enough, the report also says that a federal renewable portfolio standard is unlikely to deliver much green power. The paper dubbed President-elect Barack Obama’s plan to create a federal green power standard of 10 percent in 2012 and 25 percent in 2025 a “wealth transfer.”
Read the report: "A Federal Renewable Electricity Requirement" www.cato.org
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