Navigation Links
Fabricating & Metalworking's Riley Takes Congress to Task on Cap-and-Trade
Date:9/8/2009

PELHAM, Ala., Sept. 8 /PRNewswire/ -- Metal components are used in virtually all of the world's most significant markets and innovations - think about precision medical instruments, the aerospace industry, oil and gas equipment, automotive machinery, computers, appliances and more - and each requires electricity as they are being manufactured.

If the government has its way, that energy will soon make metalworking applications more expensive and will ultimately affect costs all the way through the supply chain, down to the prices paid by consumers.

Fabricating & Metalworking editor Mike Riley has been the most outspoken opponent of the federal cap-and-trade legislation, also referred to as the Waxman-Markey Bill.

"Passage of this bill will impose the largest tax increase in the history of the world on you and me," says Riley. "Most of the people I've spoken with recently have never even heard of the Waxman-Markey bill. Under this cap-and-trade legislation, utilities and other producers of CO2 will have limits imposed on them by the honorables that they must meet by either reducing their CO2 emissions or 'buying' credits from those companies that are under those limits."

"No one disagrees with the need to reduce carbon emissions, but cap-and-trade legislation is not deterring companies from emitting CO2, they are allowing it for a price," notes Riley.

Fabricating & Metalworking recently covered remarks delivered at the 11th annual Electric Power Conference & Exhibition in Rosemont, IL, where Michael Morris, the chairman of American Electric Power in Columbus, OH, criticized the use of cap-and-trade revenues to fund health care reform instead of reinvesting in the electricity business, funding research and development into carbon capture & sequestration (CCS) and other electric power infrastructure investments.

"This is a regressive tax that is levied on business simply because they use electricity. It is essential that our industry understands how this will affect their operations," states Riley.

Riley examines this bill and its severe impact on the steel industry in a two-part series: Living in Neverland, which addresses the media's lack of interest in covering the truth about the impact of cap-and-trade; Part 1: Naked and Unashamed, explores how the bill works and affects industry. Read both of these in-depth stories at www.FandMmag.com.

The newly redesigned Fabricating & Metalworking magazine provides everything you need to know about all that matters in metal forming, welding (metal joining) and metal cutting (metal removal). The magazine and its four digital newsletters, Industry Watch, FM Digest, Equipment Essentials and Melting Point, deliver deep industry news coverage and solution-based technical information to 40,000 managers, engineers, operators and maintenance professionals around the world each month.

Fabricating & Metalworking and www.FandMmag.com are published by Cygnus Business Media, an internationally-recognized business-to-business media company. Its diverse portfolio serves 13 market categories with print and interactive products, and live events. Through its media, the company reaches more than 1.5 million print subscribers, nearly 1 million industry professionals via its Custom Marketing services group, and attracts 2 million unique visitors to its websites monthly. Cygnus Business Media provides comprehensive, integrated advertising and marketing programs for some of the world's strongest business-to-business brands. For more information, visit http://www.cygnusb2b.com.


'/>"/>
SOURCE Cygnus Business Media
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Riley Hospital-IU study finds booster car seats not being used appropriately
2. HealthFitness to Present at the B. Riley 10th Annual Las Vegas Investor Conference
3. NBTY to Webcast Presentation at B. Riley & Co. Annual Las Vegas Institutional Investor Conference; Announces Preliminary Unaudited Net Sales Results for February 2009
4. Riley Hospital for Children & Capital Institute of Pediatrics become international sister hospitals
5. LodgeNet Interactive to Present at The B. Riley Investor Conference
6. Clarient to Present at the B. Riley & Co. 9th Annual Las Vegas Investor Conference
7. Accurays CFO to Present at B. Riley & Company Ninth Annual Investor Conference
8. Health Fitness to Present at B. Riley & Co. 9th Annual Las Vegas Investor Conference
9. Endocare to Present at the B. Riley & Co. 9th Annual Las Vegas Investor Conference
10. Exponent to Present at Sidoti and B. Riley Conferences
11. NIH, Gates Foundation to support Riley Hospital and MoiU Program For Woman and Infant Health Researc
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... ... viewers the lowdown on sciatica in a new episode of "Success Files," which ... current events and innovation and investigates each subject in-depth with passion and integrity. ...
(Date:10/13/2017)... ... ... “The Journey: From the Mountains to the Mission Field”: the story of ... Philippines. “The Journey: From the Mountains to the Mission Field” is the creation of ... taught all ages and currently teaches a class of ladies at her church, which ...
(Date:10/12/2017)... ... 2017 , ... First Healthcare Compliance (FHC), an industry leader ... range of technology and learning solutions at the 68th Annual American Healthcare Association ... held October 14–18, 2017 at the Mandalay Bay Resort in Las Vegas, Nevada. ...
(Date:10/12/2017)... , ... October 12, 2017 , ... Planet Fitness, one ... U.S., announced today its plans to open a flagship location in Covington, LA at ... former Rooms To Go store next to Office Depot in the Holiday Square shopping ...
(Date:10/12/2017)... CITY, Fla. (PRWEB) , ... October 12, 2017 , ... ... cold therapy products, announced today the introduction of an innovative new design of the ... multipurpose pad so you get maximum comfort while controlling your pain while using cold ...
Breaking Medicine News(10 mins):
(Date:9/27/2017)... , Sept. 27, 2017  Commended for their devotion ... notable awards. Ranked as number one in the South Florida ... time in Inc. 5000 yearly list, the national specialty pharmacy ... Armando Bardisa will soon be honored by SFBJ ... Set to receive his award in ...
(Date:9/25/2017)...   Montrium , an industry leader in ... IQPC Trial Master Files & Inspection Readiness Conference ... Clinical Services has selected eTMF Connect ... EastHORN, a leading European contract research organization (CRO), ... to enable greater collaboration with sponsors, improve compliance ...
(Date:9/23/2017)... Sept. 22, 2017 Janssen Biotech, Inc. (Janssen) ... letter from the U.S. Food and Drug Administration (FDA) ... sirukumab for the treatment of moderately to severely active ... clinical data are needed to further evaluate the safety ... active RA. ...
Breaking Medicine Technology: