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The Spectacle Blog
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.
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More Blog Posts by Matthew Vadum
http://spectator.org/blog/2009/05/21/ges-terrible-jeff-immelt-self
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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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GE’s Terrible Jeff Immelt Self-Servingly Lauds Cap-and-Tax — ButAsForMe links to this page. Here’s an excerpt:
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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If this comments section is going to morph into a commercial promotion vehicle then it should be shut down.
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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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