postheadericon Un-redacted Treasury Department documents provide insight into high cost of cap and trade

The cost of climate change legislation is hard to pin down but newly released documents provide some insight.

The cost of climate change legislation is hard to pin down but newly released documents provide some insight.

Last week, documents released by the Department of the Treasury provided insight into the potential costs of cap and trade climate change legislation. Numerous seemingly important passages were redacted however limiting the usefulness in determining the cost of the Obama administration’s desired solution. Friday afternoon the Competitive Enterprise Institute (CEI) was able to obtain an un-redacted version of the document that foretells of costs up to $300 billion for the legislation.

The newly released documents (follow link below) paint a very expensive picture of what the costs for cap and trade might actually be. Parts of the document that can now be seen show costs up to “perhaps $300 billion annually” while also revealing “it will raise energy prices and impose annual costs on the order of tens (and potentially hundreds) of billions of dollars.”

Obtained by a Freedom of Information Act request by CEI Senior Fellow Christopher Horner, the previously redacted document raised questions as to whether or not the administration was hiding something.

Get the details and view the documents on Examiner.com.

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