"Wall Street Wins with Cap-and-Trade, Consumers Lose"

[WhiskeyGirl]

Exelon, the nation’s largest nuclear power company, stands to rake in roughly an extra $1 billion to $1.5 billion a year

If the House climate change bill passes, according to the company’s own estimates. The House is expected to vote on the bill on Friday… Exelon CEO John Rowe recently told a gathering of investors and senior executives that the energy bill “will add $700 to $750 million to Exelon’s annual revenues for every $10 per metric ton (MT) increase in the price of CO2 allowances.” Prices will range between $15 and $18 per metric ton, the report estimates, “implying a positive earnings impact of $1 to $1.30 per share.” (Huffington Post, 7.24.09)
Banks: Gearing Up for Carbon Trading

While U.S. policymakers continue to squabble over the details of the “cap-and-trade” proposal, big banks are gearing up for what they see as a new profit center. “U.S. carbon trading is coming,” says Louis Redshaw, head of environmental markets at Barclays’ (BCS) investment bank. “You have to be in it to win it.” Analysts figure rules will be in place by 2013, and carbon trading could top $1 trillion a year by 2020, according to research firm New Carbon Finance. At that size, carbon would rival oil as one of the largest commodity markets… The biggest banks in the U.S. and Europe are quietly preparing for the potential payoff in trading. France’s Société Générale (SCGLY) has set up a U.S. group devoted to carbon. Morgan Stanley, which already is active on the U.S. regional exchanges, says it will expand its unit once policymakers finalize the rules. (Business Week, 5.28.09)

more here - http://canadafreepress.com/index.php/article/23063

Nothing for Americans.  No jobs.  No prosperity. 

Nothing but perpetual debt and debt bondage.