Interesting turn of events as AIG, the bailed out insurance giant, pulls out of US Climate Action Partnership (USCAP).

USCAP lobbies for cap and trade, but due to the obvious conflict of interest (i.e. the government now owns 80% of AIG), they are pulling out.

You may remember in Dec. 2007, Rising Tide spoofed USCAP with a hoax website saying that the lobbying group was calling for an 80% reduction by 2050 and a moratorium on new coal fired power plants.

Obviously, USCAP wants nothing of the sort, and I’m not convinced the government does either.

Posted in global warming