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Banks Invest in Preperation of Cap and Trade – Follow the Money

Posted on 14 November 2009 by admin

Goldman Sachs bought pieces of two carbon-offset companies.

  • E+Co, a company focused on bringing clean power to developing countries, announced that Goldman had purchased a majority of its carbon-offsets portfolio.
  • Goldman took a minority stake in BlueSource, which is more focused on the tiny offsets market in the United States, and plans to market BlueSource offsets to clients.

Goldman  invested in APX, a California company that registers carbon offsets.

Goldman made early investments in other companies that stand to gain from cap and trade legislation.

  • Wind power by investing in  Horizon Wind Energy.
  • Renewable diesel with Changing World Technologies
  • Solar power by partnering with BP Solar exactly the kind of deals that will prosper if the government forces energy producers to use cleaner energy.

More recently Goldman purchased a 10% stake in the Chicago Climate Exchange, where coincidentally carbon credits will be traded.

Other demonstrations of investment banks’ interest in the offsets field include, Credit Suisse invested 44 million euros in EcoSecurities, an Ireland-based offsets firm.

JP Morgan bought ClimateCare, another offsets group.

Morgan Stanley took a 38 percent stake in MGM International, yet another such firm.

Banks buying into the offsets business could benefit if a federal carbon-trading system is introduced in the United States.

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Interests Opposing Cap and Trade

Posted on 13 November 2009 by admin

  • Livestock
  • Farm organizations & cooperatives
  • Oil & Gas
  • Mining
  • Republican/Conservative Party
  • Consumer groups
  • Fiscal & tax policy
  • Labor, anti-union
  • Environmental policy

Top recipients for ALL opposing interest groups

Name

Amount Received

Vote On Passage

Rep. Tom McClintock [R, CA-4] $418,977 Nay
Rep. Ronald Paul [R, TX-14] $387,262 Nay
Rep. Michele Bachmann [R, MN-6] $200,750 Nay
Rep. Mark Kirk [R, IL-10] $164,900 Aye
Rep. John Shadegg [R, AZ-3] $148,289 Nay
Rep. Paul Broun [R, GA-10] $145,305 Nay
Rep. Erik Paulsen [R, MN-3] $137,560 Nay
Rep. Geoff Davis [R, KY-4] $135,641 Nay
Rep. Jeff Flake [R, AZ-6] $135,250 Abstain
Rep. Jeb Hensarling [R, TX-5] $115,411 Nay

Organizations Opposing Cap and Trade Legislation

  • American Farm Bureau Federation
  • Greenpeace
  • Rainforest Action Network
  • Public Citizen
  • International Rivers
  • Friends of the Earth
  • National Mining Association
  • American Petroleum Institute
  • Alliance for Worker Freedom
  • American Conservative Union
  • American Shareholders Association
  • Americans for Tax Reform
  • National Taxpayers Union
  • Ethan Allen Institute
  • College Republican National Committee
  • National Pork Producers Council

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Interests Supporting Cap and Trade

Posted on 13 November 2009 by admin

  • Farm machinery & equipment
  • Food & Beverage Products and Services
  • Electronics manufacturing & services
  • Online computer services
  • Computer software
  • Computer manufacture & services
  • Major (multinational) oil & gas producers
  • Coal mining
  • Gas & Electric Utilities
  • Electric Power utilities
  • Independent power generation & cogeneration
  • Venture capital
  • Health care products
  • Medical supplies manufacturing & sales
  • Auto manufacturers
  • Confectionery processors & manufacturers
  • Restaurants & drinking establishments
  • Lodging & tourism
  • Chemicals
  • Household cleansers & chemicals
  • Shoes & leather products
  • Manufacturing
  • Aluminum mining/processing
  • Textiles & fabrics
  • Communications & hi-tech unions
  • Manufacturing Unions
  • Energy-related unions (non-mining)
  • Labor Unions
  • Commercial service unions
  • Human Rights

Top recipients for ALL supporting interest groups

Name

Amount Received

Vote On Passage

Rep. Ronald Paul [R, TX-14] $782,344 Nay
Rep. Mark Kirk [R, IL-10] $143,236 Aye
Rep. John Murtha [D, PA-12] $132,600 Aye
Rep. Anna Eshoo [D, CA-14] $119,100 Aye
Rep. John Dingell [D, MI-15] $113,850 Aye
Rep. Charles Rangel [D, NY-15] $107,271 Aye
Rep. Jerry McNerney [D, CA-11] $103,599 Aye
Rep. John Boehner [R, OH-8] $103,400 Nay
Rep. Niki Tsongas [D, MA-5] $100,730 Aye
Rep. Dave Reichert [R, WA-8] $88,650 Aye

Specific Organizations Supporting H.R.2454

  • One Sky
  • Environment America
  • League of Conservation Voters
  • VoteVets.org
  • Natural Resources Defence Council
  • Alliance For Climate Protection
  • American Rivers
  • Center for American Progress Action Fund
  • Clean Water Action
  • Climate Solutions
  • Environmental Defense Fund
  • Oxfam America
  • Sierra Club
  • Union of Concerned Scientists
  • National Audubon Society
  • Pew Environment Group
  • Pacific Gas & Electric
  • Applied Materials
  • Aspen Snowmass
  • Austin Energy
  • Avista Corporation
  • Clif Bar and Company
  • Duke Energy Corporation
  • eBay, Inc.
  • Exelon
  • FPL Group
  • Kleiner Perkins et al
  • Levi Strauss & Co.
  • National Grid
  • Hewlett Packard
  • Nike
  • NRG Energy
  • Public Service Enterprise Group
  • Seventh Generation
  • Starbucks Corporation
  • Symantec Corporation
  • Murray Energy Corporation
  • Alcoa
  • AES Corporation
  • Alstom
  • Boston Scientific Corporation
  • BP America
  • Caterpilar Inc.
  • Chrysler LLC
  • Conoco Phillips
  • Deere & Company
  • Dow Chemical Company
  • DuPont
  • Ford Motor Company
  • General Electric
  • General Motors
  • Johnson & Johnson
  • Nature Conservancy
  • PepsiCo
  • PNM Resources
  • Rio Tinto
  • Shell Global
  • Siemens Corporation
  • World Resources Institute
  • United Steelworkers
  • Communications Workers of America
  • Service Employees International Union
  • Laborers’ International Union of North America
  • Utility Workers Union of America
  • The American Civil Rights Union

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