The untold story of Waxman-Markey: USCAP and the green industrial complex

September 2, 2010 08:34

Their goal, according to USCAP’s website, is to “call on the federal government to enact legislation requiring significant reductions of greenhouse gas emissions.” But like it is the case with Doerr and KPCB, the members at USCAP have tried to use climate change and the war against fossil fuels as an excuse to lobby the federal government for policies that directly benefit them financially.

By Amanda Carey – The Daily Caller


‘Last summer, USCAP welcomed what it saw at the time as its first major legislative victory – the passage of cap and trade legislation in the House. Indeed, the CEOs of the member companies of USCAP had a very significant  influence on the legislation, known as Waxman-Markey.  They even claim responsibility for helping draft certain provisions in the bill.’

‘For example, General Motors, which has been a member of USCAP since May 2007, received $50 billion in government investment (i.e. taxpayer money) in 2009. Then, they turned around and used it to lobby for climate change legislation and promote cap and trade in the hopes of reaping major profits.

Likewise, Chrysler received $15 billion in bailout money from the federal government last year, after being a dues-paying member of the USCAP since 2007. Chrysler too, then lobbied for Waxman-Markey.’


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