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Message
BP supports Cap and Tax
Posted on 6/27/10 at 6:25 am
Posted on 6/27/10 at 6:25 am
How can an oil company support Cap and Trade. This legislation will hurt there company, theres no way around it, so what is the motivation behind supporting it?
This post was edited on 6/27/10 at 6:28 am
5
Posted on 6/27/10 at 7:22 am to GREENHEAD22
They have a way to make money off it, that is the only way. That is only reason anyone with any type power supports this. Buying and then selling credits to the others.
Posted on 6/27/10 at 7:27 am to Dark Tiger
I know the Brit bastards supported OB, anyone one know if any of the other majors did as well.
Posted on 6/27/10 at 7:29 am to Dark Tiger
Cap and Trade is one of the most pro-business initiatives around.
It promotes diversification of revenue for energy companies, broadens the scope of potential customers and markets, and encourages research and development on sustainable non-carbon based power sources.
Why do you think BP would be against it? No pro-business person is against it.
Where are you getting your info on it? Are you a communist who doesn't know the difference between "their" and "there"?
It promotes diversification of revenue for energy companies, broadens the scope of potential customers and markets, and encourages research and development on sustainable non-carbon based power sources.
Why do you think BP would be against it? No pro-business person is against it.
Where are you getting your info on it? Are you a communist who doesn't know the difference between "their" and "there"?
quote:
This legislation will hurt there company,
This post was edited on 6/27/10 at 7:32 am
Posted on 6/27/10 at 7:32 am to GREENHEAD22
A couple others did too, but they were gearing up to purchase credits same as BP...saw it as a way to make some money. Nothing to do with greenhouse gases, but then again cap and trade had zero to do with greenhouse gases - feelgood money maker for a few
Posted on 6/27/10 at 8:21 am to GREENHEAD22
It drives the price of their products up so they make a better margin and pass the taxes along to the consumer. They know that it will be 10-20 years before any real solution will be truly effective.
Posted on 6/27/10 at 8:45 am to GREENHEAD22
Legislation like cap and trade hurts the smaller companies more than big ones like BP. Shell and the rest usually support regulation because it allows them to squeeze out the little guys.
Posted on 6/27/10 at 9:31 am to Bayou Sam
quote:
Cap and Trade is one of the most pro-business initiatives around.
This has got to be the most uninformed thing I have ever seen on this message board.
Posted on 6/27/10 at 11:11 am to Bayou Sam
quote:
Legislation like cap and trade hurts the smaller companies more than big ones like BP. Shell and the rest usually support regulation because it allows them to squeeze out the little guys.
bingo
Posted on 6/27/10 at 11:11 am to tigerpurple84
quote:
Cap and Trade is one of the most pro-business initiatives around.
It promotes diversification of revenue for energy companies, broadens the scope of potential customers and markets, and encourages research and development on sustainable non-carbon based power sources.
Why do you think BP would be against it? No pro-business person is against it.
Where are you getting your info on it? Are you a communist who doesn't know the difference between "their" and "there"?
wtf? I'll bet you and your partner thought Gasland was the greatest film the two of you have ever seen, also.
Pro-business people are for this? Not the people currently in business - only the ones trying to start a business that they hope will be funded by revenue generated from the tax that is cap and trade.
Grow up and work in the real world for a while, pay taxes for a while, and things will start clearing up for you a bit.
This post was edited on 6/27/10 at 11:13 am
Posted on 6/27/10 at 7:13 pm to tigerpurple84
quote:
Cap and Trade is one of the most pro- BIG business initiatives around.
Consumers and small business should be scared out of their minds at this.
Posted on 6/27/10 at 7:38 pm to GREENHEAD22
They want it to hurt their business in the US so they can concentrate on abroad business which will mean higher profit and less regulation as well as a more favorable political climate????????
Posted on 6/27/10 at 8:51 pm to GREENHEAD22
quote:WHat? THey want it they and the rest of the huge oil compaines want it because it will kill small to meduim bussiness. And that will make them super rich. I suggest you go to mises.org and learn free market economics.
How can an oil company support Cap and Trade. This legislation will hurt there company, theres no way around it, so what is the motivation behind supporting it?
Posted on 6/27/10 at 8:53 pm to tigerpurple84
quote:
Cap and Trade is one of the most pro-business initiatives around
quote:
No pro-business person is against it
This would be wrong.
Posted on 6/27/10 at 8:54 pm to Bayou Sam
quote:WHich will intern make them richer than ever before.
Legislation like cap and trade hurts the smaller companies more than big ones like BP. Shell and the rest usually support regulation because it allows them to squeeze out the little guys.
Posted on 6/28/10 at 8:32 am to Tiger4
If you step back all this is is a new tax. It might have winners and losers in the business world but as a consumer the net effect is what is important.
The overall picture of this plan is for the government to start collecting money from businesses. The businesses as a whole do not get anything in return... nothing. AND the cap part of the bill would prevent industrial growth which is damaging to having a robust economy.
Any company that supports this is selling out the world for their own personal gain. And when the economy tanks it might not be so beneficial to them like they think.
The overall picture of this plan is for the government to start collecting money from businesses. The businesses as a whole do not get anything in return... nothing. AND the cap part of the bill would prevent industrial growth which is damaging to having a robust economy.
Any company that supports this is selling out the world for their own personal gain. And when the economy tanks it might not be so beneficial to them like they think.
Posted on 6/28/10 at 8:45 am to omegaman66
These majors "support it" but do not like the way the legislation is currently written. So by coming out and saying that they support the idea, they're ensuring a place at the table to potentially help mold and write the laws.
Most majors love the idea of cap and tax because it positions them well against competition and has the potential for extreme profitability. If you place random carbon limitations on production equipment (like engines, turbines, etc.), only a handful on companies will have the resources to make the investment in low-emission technology. Therefore, they will be the ones selling their credits to companies that do not have that investment power, turning a profit.
You are basically creating a new business line for major energy companies. It's an artificial commodity. Think about the companies that consider that core competancies....
Most majors love the idea of cap and tax because it positions them well against competition and has the potential for extreme profitability. If you place random carbon limitations on production equipment (like engines, turbines, etc.), only a handful on companies will have the resources to make the investment in low-emission technology. Therefore, they will be the ones selling their credits to companies that do not have that investment power, turning a profit.
You are basically creating a new business line for major energy companies. It's an artificial commodity. Think about the companies that consider that core competancies....
Posted on 6/29/10 at 1:19 am to omegaman66
quote:Are you fimilar with the carbon trading aspect of it? It would send socitey back to the stone age. So to speack.
f you step back all this is is a new tax
Posted on 6/29/10 at 2:58 am to Tiger4
quote:
quote:
f you step back all this is is a new tax
Are you fimilar with the carbon trading aspect of it? It would send socitey back to the stone age. So to speack.
Not sure if you understood what I was saying or maybe I don't understand what you are saying. You are making the same point that I am making. The world standard of living is dependant totally on production/population. If you add a tax you are going to be taking away without producing anything. A big drain on the economy. Maybe not back to the stone age but movement in the direction of lowering the standard of living for everybody as a whole.
Posted on 6/29/10 at 11:52 am to omegaman66
quote:There is a cnbc( I think that is the new corp that made the documentary on it) Documentary that explains the carbon emissions trading of cap and trade. ONe aspect is it pays people not to use farm dependant machines. SO people in 3rd world countries will use a sort of hand pump to water a field of crops since they are paid to do that instead of using machines. Look for the documentary very insightful. Its not your every day tax, its in a league of its own.
Not sure if you understood what I was saying or maybe I don't understand what you are saying. You are making the same point that I am making. The world standard of living is dependant totally on production/population. If you add a tax you are going to be taking away without producing anything. A big drain on the economy. Maybe not back to the stone age but movement in the direction of lowering the standard of living for everybody as a whole.
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