New Jersey was the state where regional cap-and-trade was born, and thanks to Chris Christie, it may be the state where it dies.
Christie “announced his support for repealing the state’s cap-and-trade law and withdrawing from the Regional Greenhouse Gas Initiative (RGGI), a 10-state regional compact in the Northeast that implements a cap-and-trade energy tax scheme from Maine to Maryland” (WUWT).
Christie minced no words about the Rube Goldberg scheme: “It’s a failure.”
What gives this more political impact is the fact that Lisa Jackson – currently Obama’s EPA chief – was the principal author of this fiasco when she worked for John Corzine – whom Christie bounced in 2009.
Cross-posted to Virginia Virtucon