Image via WikipediaOn Monday, December 7th, the Environmental Protection Agency officially declared that greenhouse gases pose a danger to human health and the environment. So, what does this have to do with your Retirefund?
Well, this otherwise simple, common sense statement, will have a big impact on the Green Energy movement, and has a whole lot to do with your Retirefunds and "all" investments in the USA (and around the world) for the foreseeable future. Here's why!
As President Obama prepares to attend the Copenhagen Summit, Cop15, with other world leaders, he will not be hampered in his promise of green house gas reduction in the U.S. by having to submit those proposed limits to Congress. Because of the EPA declaration, legal changes can now be made to reduce carbon dioxide and other green house gases mentioned in the declaration as they are now considered a threat to the health of Americans and therefore can be addressed merely by EPA regulations. Congress won't like it much, but the environmental movement will and so will your green energy investments like wind, solar and fuel cells. Call it an addition to the Obama Effect.
Now, when Obama visits Copenhagen, other countries looking for excuses, won't have the excuse that he can't get his promises past the U.S. Congress, because he doesn't have to. It is a catalyst for those other procrastinators (like Canada, China, India and Russia) to get on board the Green energy bandwagon.
Canada, however, may have more to worry about than most other countries. You see, when you sleep with an elephant, and the elephant roles over, you get squashed. I am speaking about "Cap and Trade" which is sneaking into the American lexicon as a mid term solution to Global warming. It is President Obama's mid term answer to the problem and American business may be more receptive to it than allowing the EPA a free hand in setting limits. It may well be that Cap and Trade is merely another attempt at American protectionism only this time, dressed in Green. Canada could be a big loser if Cap and Trade is adopted in the U.S. as Canadian suppliers of raw materials and energy end up paying carbon credits to American companies they are selling to or dealing with. More on this later.
For now, the sun is rising over a new Green Energy agreement in Copenhagen. An agreement, any agreement, will have a major affect on your investments in oil, coal, wind, solar, nuclear and fuel cell power. Chose wisely, but choose now.
Your Retirefunds depending on it.