It Is All About Being Green

It looks like GE is going to make a fortune when energy restrictions hit America. And they are working very hard with their government (they paid for it) to get what they want.

One last point, MSNBC is owned by General Electric. GE is already making money off the issue with their Carbon Credit Master Card (link from "Treehugger", no less).

Here's CNN's story on the new credit card. Interesting note: In the fourth quarter of 2008 as GE/NBC stock fell 30 percent, GE spent $4.26 million on lobbying -- that's $46,304 each day, including weekends, Thanksgiving and Christmas. In 2008, the company spent a grand total of $18.66 million on lobbying." Reviewing their lobbying filings, GE's specific lobbying issues included the "Climate Stewardship Act," "Electric Utility Cap and Trade Act," "Global Warming Reduction Act," "Federal Government Greenhouse Gas Registry Act," "Low Carbon Economy Act," and "Lieberman-Warner Climate Security Act." Do you think this "big business" is just concerned about the environment?

Well, check out this column from the Politico, which says: "Several of the companies would gain a commercial advantage after a cap and trade was established. General Electric has an "ecoimagination" line of green appliances and equipment. Robert Stavins, a professor of business and government at Harvard University, said a cap and trade program would be fantastic for GE and other companies that sell products that consume power. He said that if energy costs go up as a result of the regulation -- something he believes is likely -- a wide array of products from appliances to power plants would become prematurely obsolete and need to be replaced with greener models." That would mean big money for GE (parent company of NBC and MSNBC). Take a moment and read my previous post on polar ice...check out the graphs and charts...they speak for themselves.

I especially like the misnamed "Climate Security Act". It should be the GE Security Act.

But you know. It was never about the trees. It was always about the Benjamins. There is green and then there is $Green. If you would like to contact your Congress Critter about this may I suggest:

House of Representatives
The Senate
The President

It never hurts to let them know you are keeping an eye on them. And while you are at it - it might not hurt to keep an eye on the enviros. This will help: Green Hell: How Environmentalists Plan to Ruin Your Life and What You Can Do to Stop Them

Cross Posted at Power and Control

posted by Simon on 04.28.09 at 09:12 AM










Comments

I work for GE Oil and Gas... not sure how I should be taking this...

Earnest Iconoclast   ·  April 29, 2009 3:31 PM

If you value your job you will keep quiet.

M. Simon   ·  April 30, 2009 1:20 AM

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