Changes

==Obama==

==Obama==

* "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Obama said in Jan. 2008.  "Coal-powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers." <ref>http://www.politifact.com/truth-o-meter/statements/2009/jun/11/mike-pence/pence-claims-obama-said-energy-costs-will-skyrocke/</ref>  Obama emphasizes that some of the costs will be offset by new "green jobs." [[Van Jones]], Obama's Green Jobs czar was fired in September 2009, and the program lacks a spokesman.

* "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Obama said in Jan. 2008.  "Coal-powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers." <ref>https://www.politifact.com/truth-o-meter/statements/2009/jun/11/mike-pence/pence-claims-obama-said-energy-costs-will-skyrocke/</ref>  Obama emphasizes that some of the costs will be offset by new "green jobs." [[Van Jones]], Obama's Green Jobs czar was fired in September 2009, and the program lacks a spokesman.

==How it works==

==How it works==

Enron executives believed that a cap-and-trade program would put them in a position to dominate the U.S. energy market. Electric utilities, required to reduce emissions of carbon dioxide, would be forced to switch from coal to natural gas as the only practical alternative to electricity production. As a leading trader of natural gas, Enron would be the recipient of a huge financial windfall.

Enron executives believed that a cap-and-trade program would put them in a position to dominate the U.S. energy market. Electric utilities, required to reduce emissions of carbon dioxide, would be forced to switch from coal to natural gas as the only practical alternative to electricity production. As a leading trader of natural gas, Enron would be the recipient of a huge financial windfall.

While [[Barack Obama]] served as a board member for the Chicago-based Joyce Foundation, it gave nearly $1.1 million to start the Chicago Climate Exchange, calling itself "North America's only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide."<ref>[http://www.foxnews.com/politics/2009/03/25/obama-years-ago-helped-fund-carbon-program-pushing-congress/ Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress,] By Ed Barnes, March 25, 2009. FoxNews.com</ref> In 2010, the Chicago Climate Exchange collapsed.<ref>[http://www.foxnews.com/politics/2010/11/09/collapse-chicago-climate-exchange-means-strategy-shift-global-warming-curbs/ Collapse of Chicago Climate Exchange Means a Strategy Shift on Global Warming Curbs,] By Ed Barnes, November 09, 2010, FoxNews.com</ref> As many investors were wiped out, its founder sold out before hand for $90 million and [[Al Gore]], who was also associated by name with the company, pocketed $18 million.

While [[Barack Obama]] served as a board member for the Chicago-based Joyce Foundation, it gave nearly $1.1 million to start the Chicago Climate Exchange, calling itself "North America's only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide."<ref>[https://www.foxnews.com/politics/2009/03/25/obama-years-ago-helped-fund-carbon-program-pushing-congress/ Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress,] By Ed Barnes, March 25, 2009. FoxNews.com</ref> In 2010, the Chicago Climate Exchange collapsed.<ref>[https://www.foxnews.com/politics/2010/11/09/collapse-chicago-climate-exchange-means-strategy-shift-global-warming-curbs/ Collapse of Chicago Climate Exchange Means a Strategy Shift on Global Warming Curbs,] By Ed Barnes, November 09, 2010, FoxNews.com</ref> As many investors were wiped out, its founder sold out before hand for $90 million and [[Al Gore]], who was also associated by name with the company, pocketed $18 million.

==Necessity?==

==Necessity?==