Posted 5 October 2009
"The global warming religion runs so deep today that most politicians figure it's best enact some sort of green policy, regardless of whether or not that policy actually reduces global warming. Exhibit number one is New Zealand.......What Mr. Smith didn't say is that from an environmental perspective, it doesn't really matter what New Zealand does. The island nation contributes 0.2% of total global emissions. The amended scheme isn't expected to reduce even that already-miniscule figure much." Wall Street Journal comments on New Zealand's latest ETS legislation.