Friday, December 28, 2012
The Dec. 20 U-B article “Methane burn-off nets city ‘cold cash’,” pointed out the city was going to sell its “carbon credits” (whatever pie-in-the-sky reasoning that is) for $120,000 “cold cash.”
I would be willing to bet that all those windmill projects are also earning “carbon credits” they sell for “cold cash” (which makes them so attractive to foreign investors).
My question is where does all this “cold cash” come from? Does it fall out of the sky or does it ultimately come out of our pockets. Utilities do not have “cold cash” unless they acquire it from their ratepayers in the form of increased rates.