Quote:
Originally Posted by Ashartus
Cap and trade favours existing industries and large corporations, and penalizes growth since a new company just starting out wouldn't have a carbon allotment. A large corporation whose business area is in decline could sell credits to prop themselves up. In some respects it reminds me of equalization payments - there's almost an incentive for bad corporate management. But it's the existing industries and corporations that have the resources to lobby the government.
|
Kinda curious if you have a reference on that. I'm writing a paper on a company involved in potential cap and trade (that's a very small portion of the paper), but this would definitely be interesting to mention and cite.