The American Spectator : The Spectacle Blog : GE's Terrible Jeff Immelt Self-Servingly Lauds Cap-and-Tax

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The Spectacle Blog

GE's Terrible Jeff Immelt Self-Servingly Lauds Cap-and-Tax

By Matthew Vadum on 5.21.09 @ 2:30PM

General Electric CEO Jeff Immelt, a left-wing panderer who has presided over his company's decline in recent years, says the economy-killing cap-and-trade system of trading emission permits is the best way to crack down on carbon emissions, Jeff Poor of NewsBusters writes.

And Immelt seems to be using his company's media conglomerate NBC Universal, which owns media outlets NBC, MSNBC and CNBC, to promote GE's financial interest in regulating carbon.

GE is also a major player in the United States Climate Action Partnership (USCAP), which Timothy P. Carney profiled for Capital Research Center last year in the June 2008 Organization Trends. USCAP is also pushing for cap-and-trade.

So is Goldman Sachs , which along with Al Gore, will rake in incomprehensibly huge sums of money from carbon trading.

View all comments (19) | Leave a comment

KevlarKevin| 5.21.09 @ 5:18PM

GE sucks so bad.

Teflon93| 5.21.09 @ 6:03PM

Note also that GE is NOT pushing the most efficient and effective carbon-emission reducing power generation method---nuclear power---despite owning a business which produces such solutions for the overseas market.

Immelt is just awful, Nardelli is nearly as bad, and day after day it becomes clear that Jack Welch made a huge goof in picking this guy over McInerny.

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Jasper Jenkins| 5.21.09 @ 9:43PM

This guy is an embarasment to corporate America. His performance over the last 9 years is rediculous yet he remains at the helm. How long before major pension funds and investors [ top 10 hold billions of progressively losing shares] arrive at the conclusion that he is mentally bankrupt and should be replaced?

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hank| 1.12.10 @ 7:26AM

And Immelt seems to be using his company's media conglomeratenike outlet NBC Universal, which owns media outlets NBC, MSNBC and CNBC, to promote GE's financial interest in readidas outletgulating carbon.

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I agree with your comment that Goldman Sachs and Al Gore will rake in vast amounts from Carbon Trading!

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